Cormark Expects Reduced Earnings for Toronto-Dominion Bank

13 days ago

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Cormark Expects Reduced Earnings for TorontoDominion Bank

The Toronto-Dominion Bank (NYSE:TD - Free Report) (TSE:TD) - Equities research analysts at Cormark reduced their FY2025 EPS estimates for shares of Toronto-Dominion Bank in a research note issued to investors on Friday, December 6th. Cormark analyst L.

The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD - Equities research analysts at Cormark lowered their FY2025 earnings estimates for Toronto-Dominion Bank in a report issued on Friday, December 6th. Cormark analyst L. Persaud now expects that the bank will post earnings per share of $5.62 for the year, down from their previous estimate of $5.99. The consensus estimate for Toronto-Dominion Bank's current full-year earnings is $5.61 per share. Cormark also issued estimates for Toronto-Dominion Bank's FY2026 earnings at $6.08 EPS.

A number of other brokerages have also weighed in on TD. Royal Bank of Canada lowered their target price on Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating for the company in a research note on Friday. StockNews.com cut shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Thursday, August 22nd. Desjardins lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Friday. National Bank Financial raised shares of Toronto-Dominion Bank from an "underperform" rating to a "sector perform" rating in a report on Thursday, August 22nd. Finally, Barclays downgraded Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $80.50.

Read Our Latest Report on TD

Toronto-Dominion Bank Stock Down 1.6 %

NYSE TD opened at $51.96 on Monday. The stock's 50 day simple moving average is $57.30 and its 200 day simple moving average is $57.65. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02. Toronto-Dominion Bank has a one year low of $51.74 and a one year high of $65.12. The firm has a market cap of $90.94 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 1.79 and a beta of 0.82.

Institutional Investors Weigh In On Toronto-Dominion Bank

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its stake in Toronto-Dominion Bank by 24.9% in the third quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank's stock valued at $854,815,000 after purchasing an additional 2,689,532 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Toronto-Dominion Bank by 61.1% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank's stock valued at $380,118,000 after buying an additional 2,279,864 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Toronto-Dominion Bank by 61.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,806,974 shares of the bank's stock worth $319,151,000 after buying an additional 2,215,185 shares during the period. Quadrature Capital Ltd lifted its holdings in Toronto-Dominion Bank by 175.5% during the third quarter. Quadrature Capital Ltd now owns 2,467,300 shares of the bank's stock worth $156,202,000 after acquiring an additional 1,571,700 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its stake in Toronto-Dominion Bank by 6.0% in the second quarter. 1832 Asset Management L.P. now owns 25,803,480 shares of the bank's stock valued at $1,418,159,000 after acquiring an additional 1,462,794 shares during the period. Institutional investors own 52.37% of the company's stock.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be given a $0.7482 dividend. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a dividend yield of 5.76%. The ex-dividend date is Friday, January 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 87.03%.

Toronto-Dominion Bank Company Profile

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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.