Desjardins Issues Optimistic Outlook for TSE:TD Earnings

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Equities research analysts at Desjardins lifted their Q1 2025 earnings per share (EPS) estimates for Toronto-Dominion Bank in a note issued to investors on Tuesday, February 4th. Desjardins analyst D. Young now forecasts that the company will post earnings per share of $1.94 for the quarter, up from their previous forecast of $1.86. Desjardins has a “Hold” rating on the stock. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $7.22 per share.

Other equities research analysts have also recently issued reports about the company. Barclays cut Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. CIBC dropped their target price on shares of Toronto-Dominion Bank from C$93.00 to C$90.00 in a report on Friday, December 6th. Jefferies Financial Group raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$82.00 to C$90.00 in a research note on Thursday, December 12th. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 price target on the stock in a research report on Thursday, December 19th. Finally, Scotiabank cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$98.00 to C$81.00 in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$86.83.

Toronto-Dominion Bank Stock Up 0.7 %

TD opened at C$82.86 on Thursday. The company’s 50-day moving average price is C$78.59 and its 200 day moving average price is C$80.01. The firm has a market cap of C$145.01 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a fifty-two week low of C$73.22 and a fifty-two week high of C$87.99.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 5.07%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. The ex-dividend date was Friday, January 10th. Toronto-Dominion Bank’s payout ratio is currently 94.44%.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.