Q1 EPS Forecast for Toronto-Dominion Bank Raised by Analyst

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) – Equities researchers at Desjardins upped their Q1 2025 earnings per share (EPS) estimates for shares of Toronto-Dominion Bank in a research note issued to investors on Tuesday, February 4th. Desjardins analyst D. Young now forecasts that the bank will post earnings of $1.34 per share for the quarter, up from their previous forecast of $1.32. Desjardins currently has a “Hold” rating on the stock. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $5.54 per share. Desjardins also issued estimates for Toronto-Dominion Bank’s FY2025 earnings at $5.42 EPS.

Other analysts have also issued reports about the stock. Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Royal Bank of Canada reduced their price objective on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a report on Friday, December 6th. Scotiabank lowered shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Finally, Bank of America upgraded shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Toronto-Dominion Bank currently has an average rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Stock Up 0.1 %

Shares of TD opened at $57.98 on Thursday. The firm has a market cap of $101.49 billion, a P/E ratio of 16.71, a price-to-earnings-growth ratio of 1.82 and a beta of 0.84. Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The company’s 50-day moving average price is $54.80 and its 200 day moving average price is $57.38. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11.

Institutional Trading of Toronto-Dominion Bank

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sequoia Financial Advisors LLC grew its position in shares of Toronto-Dominion Bank by 4.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 15,910 shares of the bank’s stock worth $847,000 after buying an additional 635 shares in the last quarter. Moors & Cabot Inc. grew its position in shares of Toronto-Dominion Bank by 6.7% during the fourth quarter. Moors & Cabot Inc. now owns 27,630 shares of the bank’s stock worth $1,471,000 after buying an additional 1,725 shares in the last quarter. Natural Investments LLC acquired a new position in shares of Toronto-Dominion Bank during the fourth quarter worth about $557,000. Investors Research Corp grew its position in shares of Toronto-Dominion Bank by 489.9% during the fourth quarter. Investors Research Corp now owns 21,042 shares of the bank’s stock worth $1,120,000 after buying an additional 17,475 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Toronto-Dominion Bank by 3.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 712,379 shares of the bank’s stock worth $37,907,000 after buying an additional 25,828 shares in the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were paid a dividend of $0.7482 per share. The ex-dividend date of this dividend was Friday, January 10th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 dividend on an annualized basis and a yield of 5.16%. Toronto-Dominion Bank’s dividend payout ratio is 84.15%.

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.