Equities Analysts Issue Forecasts for TSE:TD FY2025 Earnings

The Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD - Stock analysts at Cormark lowered their FY2025 earnings per share estimates for Toronto-Dominion Bank in a research note issued to investors on Tuesday, May 20th. Cormark analyst L. Persaud now expects that the company will earn $7.60 per share for the year, down from their prior forecast of $7.71. The consensus estimate for Toronto-Dominion Bank's current full-year earnings is $7.22 per share.

Several other equities analysts also recently weighed in on TD. National Bankshares set a C$80.00 target price on Toronto-Dominion Bank and gave the company a "sector perform" rating in a research report on Thursday, May 22nd. Scotiabank upgraded Toronto-Dominion Bank to a "hold" rating in a research report on Wednesday, May 14th. UBS Group raised their target price on Toronto-Dominion Bank from C$83.00 to C$90.00 in a research report on Friday, February 14th. Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating and raised their target price for the company from C$90.00 to C$99.00 in a research report on Tuesday, February 18th. Finally, CIBC decreased their target price on Toronto-Dominion Bank from C$95.00 to C$94.00 in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of C$88.67.

Toronto-Dominion Bank Price Performance

TD stock traded up C$1.17 during mid-day trading on Thursday, reaching C$94.59. 1,956,655 shares of the company's stock were exchanged, compared to its average volume of 8,184,453. The company has a market cap of C$165.95 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The stock's 50 day moving average is C$86.16 and its 200 day moving average is C$82.59. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$94.66.

Insiders Place Their Bets

In related news, Director Theresa Lynn Currie sold 45,172 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of C$86.50, for a total transaction of C$3,907,378.00. Following the completion of the transaction, the director now directly owns 163 shares of the company's stock, valued at C$14,099.50. The trade was a 99.64% decrease in their position. Also, Director Ana Arsov bought 3,483 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were bought at an average cost of C$80.24 per share, with a total value of C$279,475.92. 0.08% of the stock is owned by insiders.

Toronto-Dominion Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 4.44%. Toronto-Dominion Bank's dividend payout ratio (DPR) is 80.84%.

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.