Cormark Cuts Earnings Estimates for Toronto-Dominion Bank

The Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD - Equities researchers at Cormark dropped their FY2025 earnings estimates for shares of Toronto-Dominion Bank in a note issued to investors on Tuesday, May 20th. Cormark analyst L. Persaud now anticipates that the company will post earnings per share of $7.60 for the year, down from their previous estimate of $7.71. The consensus estimate for Toronto-Dominion Bank's current full-year earnings is $7.22 per share.

TD has been the topic of several other research reports. CIBC lowered their target price on shares of Toronto-Dominion Bank from C$96.00 to C$95.00 in a report on Thursday, March 6th. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating and raised their price objective for the company from C$90.00 to C$99.00 in a research report on Tuesday, February 18th. Scotiabank upgraded Toronto-Dominion Bank to a "hold" rating in a research report on Wednesday, May 14th. National Bankshares cut their target price on Toronto-Dominion Bank from C$84.00 to C$80.00 and set a "sector perform" rating for the company in a research note on Monday, April 7th. Finally, UBS Group lifted their price target on Toronto-Dominion Bank from C$83.00 to C$90.00 in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Toronto-Dominion Bank presently has a consensus rating of "Hold" and a consensus target price of C$88.75.

Toronto-Dominion Bank Price Performance

TSE:TD opened at C$89.90 on Thursday. The firm has a market cap of C$157.72 billion, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The firm's fifty day moving average price is C$85.71 and its 200 day moving average price is C$82.26. Toronto-Dominion Bank has a 1-year low of C$73.22 and a 1-year high of C$90.72.

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 issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 4.67%. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 80.84%.

Insider Buying and Selling at Toronto-Dominion Bank

In other news, Director Theresa Lynn Currie sold 45,172 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of C$86.50, for a total value of C$3,907,378.00. Following the sale, the director now directly owns 163 shares in the company, valued at C$14,099.50. This represents a 99.64% decrease in their ownership of the stock. Also, Director Ajay Kumar Virmani acquired 24,636 shares of the firm's stock in a transaction that occurred on Wednesday, April 9th. The shares were bought at an average cost of C$81.22 per share, for a total transaction of C$2,000,935.92. 0.08% of the stock is currently owned by insiders.

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.

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