Toronto-Dominion Bank to Post FY2018 Earnings of $6.02 Per Share, Cormark Forecasts (TSE:TD)

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Stock analysts at Cormark boosted their FY2018 earnings per share (EPS) estimates for Toronto-Dominion Bank in a research note issued to investors on Friday, Zacks Investment Research reports. Cormark analyst M. Grauman now anticipates that the company will post earnings per share of $6.02 for the year, up from their prior estimate of $5.98. Cormark also issued estimates for Toronto-Dominion Bank’s FY2019 earnings at $6.46 EPS.

TD has been the topic of several other reports. National Bank Financial boosted their target price on Toronto-Dominion Bank from C$74.00 to C$78.00 and gave the company an “outperform” rating in a research note on Friday, December 1st. CIBC upgraded Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating and boosted their target price for the company from C$79.00 to C$84.00 in a research note on Thursday, February 1st. BMO Capital Markets lifted their price target on Toronto-Dominion Bank from C$74.00 to C$76.00 in a research report on Friday, December 1st. CSFB lifted their price target on Toronto-Dominion Bank from C$80.00 to C$82.00 in a research report on Friday, March 2nd. Finally, Scotiabank lifted their price target on Toronto-Dominion Bank from C$85.00 to C$87.00 and gave the company an “outperform” rating in a research report on Friday, March 2nd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Toronto-Dominion Bank has an average rating of “Buy” and a consensus target price of C$81.25.

Shares of Toronto-Dominion Bank (TSE TD) traded up C$0.05 on Monday, hitting C$75.72. The company’s stock had a trading volume of 3,039,300 shares, compared to its average volume of 3,740,000. The company has a market capitalization of $139,580.00, a price-to-earnings ratio of 14.00 and a beta of 0.55. Toronto-Dominion Bank has a 52-week low of C$61.50 and a 52-week high of C$76.11.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Tuesday, April 10th will be given a $0.67 dividend. The ex-dividend date of this dividend is Monday, April 9th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.60. This represents a $2.68 annualized dividend and a dividend yield of 3.54%. Toronto-Dominion Bank’s payout ratio is 44.36%.

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Toronto-Dominion Bank Company Profile

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

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Earnings History and Estimates for Toronto-Dominion Bank (TSE:TD)

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