Cormark Predicts Higher Earnings for Toronto-Dominion Bank

The Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD - Analysts at Cormark upped their FY2026 earnings per share estimates for shares of Toronto-Dominion Bank in a research report issued on Friday, May 23rd. Cormark analyst L. Persaud now forecasts that the company will earn $8.84 per share for the year, up from their prior forecast of $8.66. The consensus estimate for Toronto-Dominion Bank's current full-year earnings is $7.22 per share.

A number of other brokerages have also commented on TD. Scotiabank upgraded Toronto-Dominion Bank to a "hold" rating in a research report on Wednesday, May 14th. Jefferies Financial Group lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating and increased their price objective for the company from C$90.00 to C$99.00 in a research report on Tuesday, February 18th. UBS Group increased their price objective on Toronto-Dominion Bank from C$83.00 to C$90.00 in a research report on Friday, February 14th. CIBC decreased their price objective on Toronto-Dominion Bank from C$95.00 to C$94.00 in a research report on Thursday, May 22nd. Finally, National Bankshares set a C$80.00 price objective on Toronto-Dominion Bank and gave the company a "sector perform" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Toronto-Dominion Bank presently has a consensus rating of "Hold" and a consensus price target of C$88.67.

Toronto-Dominion Bank Trading Up 0.3%

TSE TD traded up C$0.29 during trading hours on Monday, reaching C$94.53. 1,371,814 shares of the company's stock were exchanged, compared to its average volume of 8,124,412. The stock has a market cap of C$165.84 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The firm has a fifty day moving average of C$86.51 and a 200-day moving average of C$82.81. Toronto-Dominion Bank has a one year low of C$73.22 and a one year high of C$94.83.

Insider Transactions at Toronto-Dominion Bank

In other Toronto-Dominion Bank news, Director Ana Arsov bought 3,000 shares of Toronto-Dominion Bank stock in a transaction on Wednesday, May 28th. The shares were purchased at an average cost of C$94.49 per share, for a total transaction of C$283,470.00. Also, Director Ajay Kumar Virmani bought 24,636 shares of Toronto-Dominion Bank stock in a transaction on Wednesday, April 9th. The shares were acquired at an average price of C$81.22 per share, for a total transaction of C$2,000,935.92. In the last three months, insiders have purchased 31,119 shares of company stock worth $2,563,882 and have sold 103,252 shares worth $9,316,855. 0.08% of the stock is owned by corporate insiders.

Toronto-Dominion Bank Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 4.44%. Toronto-Dominion Bank's dividend payout ratio is currently 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.