Cormark Issues Pessimistic Estimate for TSE:TD Earnings

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Stock analysts at Cormark cut their FY2025 earnings per share estimates for shares of Toronto-Dominion Bank in a research report issued to clients and investors on Friday, February 28th. Cormark analyst L. Persaud now expects that the company will post earnings of $7.71 per share for the year, down from their previous estimate of $7.76. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $7.22 per share.

TD has been the subject of several other research reports. Scotiabank cut their price objective on Toronto-Dominion Bank from C$83.00 to C$82.00 and set a “sector perform” rating for the company in a research report on Thursday, February 20th. Royal Bank of Canada lifted their price objective on Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 8th. Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$90.00 to C$99.00 in a research report on Tuesday, February 18th. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 target price for the company in a research report on Thursday, December 19th. Finally, National Bankshares dropped their target price on Toronto-Dominion Bank from C$85.00 to C$80.00 in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$88.83.

Toronto-Dominion Bank Stock Performance

Shares of TD opened at C$84.92 on Monday. The stock has a fifty day moving average price of C$81.85 and a two-hundred day moving average price of C$80.79. Toronto-Dominion Bank has a 52-week low of C$73.22 and a 52-week high of C$87.99. The company has a market cap of C$148.98 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 4.95%. Toronto-Dominion Bank’s dividend payout ratio is presently 80.84%.

About Toronto-Dominion Bank

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.