Desjardins Has Bullish Outlook for TSE:TD FY2025 Earnings

Key Points

• Desjardins has raised its FY2025 earnings per share (EPS) estimate for Toronto-Dominion Bank to $8.00, up from $7.90, with a price objective of $107.00 and a "Buy" rating.
• The company reported a quarterly dividend of $1.05 per share, reflecting an annualized rate of $4.20 and a yield of 4.1%.
• Toronto-Dominion Bank shares are currently trading at around C$102.57, and it has a market cap of approximately C$179.95 billion.

The Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD - Desjardins lifted their FY2025 EPS estimates for shares of Toronto-Dominion Bank in a report released on Tuesday, August 12th. Desjardins analyst D. Young now forecasts that the company will earn $8.00 per share for the year, up from their previous forecast of $7.90. Desjardins currently has a "Buy" rating and a $107.00 price objective on the stock. The consensus estimate for Toronto-Dominion Bank's current full-year earnings is $7.22 per share. Desjardins also issued estimates for Toronto-Dominion Bank's FY2026 earnings at $8.70 EPS.

A number of other research firms have also weighed in on TD. Scotiabank raised shares of Toronto-Dominion Bank to a "hold" rating in a research report on Wednesday, May 14th. National Bankshares set a C$80.00 target price on shares of Toronto-Dominion Bank and gave the stock a "sector perform" rating in a research report on Thursday, May 22nd. Canaccord Genuity Group set a C$101.00 target price on shares of Toronto-Dominion Bank and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Barclays raised their target price on shares of Toronto-Dominion Bank from C$83.00 to C$91.00 in a research report on Monday, June 9th. Finally, Jefferies Financial Group raised their target price on shares of Toronto-Dominion Bank from C$103.00 to C$117.00 in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank currently has an average rating of "Hold" and an average target price of C$93.54.

Toronto-Dominion Bank Trading Up 1.6%

Shares of TSE:TD opened at C$102.57 on Thursday. Toronto-Dominion Bank has a 12 month low of C$73.22 and a 12 month high of C$102.85. The company has a 50-day moving average price of C$99.88 and a 200 day moving average price of C$90.89. The company has a market cap of C$179.95 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 1.22 and a beta of 0.82.

Insider Activity at Toronto-Dominion Bank

In other news, Director Ana Arsov acquired 3,000 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was bought at an average price of C$94.49 per share, with a total value of C$283,470.00. Also, Senior Officer Melanie Burns sold 6,272 shares of Toronto-Dominion Bank stock in a transaction on Friday, June 20th. The shares were sold at an average price of C$97.46, for a total transaction of C$611,269.12. Insiders sold a total of 81,612 shares of company stock valued at $7,748,610 over the last ninety days. Corporate insiders own 0.08% of the company's stock.

Toronto-Dominion Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 31st were given a dividend of $1.05 per share. The ex-dividend date was Thursday, July 10th. This represents a $4.20 dividend on an annualized basis and a yield of 4.1%. Toronto-Dominion Bank's payout ratio is currently 80.84%.

Toronto-Dominion Bank Company Profile

Toronto-Dominion is one of Canada's two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank's U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.

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