Desjardins Has Optimistic Outlook of TD FY2026 Earnings

The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD - Investment analysts at Desjardins lifted their FY2026 EPS estimates for shares of Toronto-Dominion Bank in a report released on Thursday, May 22nd. Desjardins analyst D. Young now forecasts that the bank will post earnings per share of $6.16 for the year, up from their previous estimate of $6.05. The consensus estimate for Toronto-Dominion Bank's current full-year earnings is $5.48 per share.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its quarterly earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.25 by $0.14. Toronto-Dominion Bank had a net margin of 7.37% and a return on equity of 13.96%. The business had revenue of $10.97 billion during the quarter, compared to analyst estimates of $13.36 billion. During the same quarter last year, the business posted $2.04 earnings per share.

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Scotiabank began coverage on shares of Toronto-Dominion Bank in a research note on Thursday, May 15th. They set a "sector perform" rating on the stock. Wall Street Zen upgraded shares of Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Royal Bank of Canada upped their target price on shares of Toronto-Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a research note on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $93.00.

Toronto-Dominion Bank Trading Up 0.2%

Shares of NYSE:TD traded up $0.16 during trading on Monday, hitting $68.90. 123,260 shares of the company's stock were exchanged, compared to its average volume of 2,220,134. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The firm has a market cap of $119.59 billion, a P/E ratio of 19.85, a PEG ratio of 1.95 and a beta of 0.81. The firm has a 50-day moving average price of $62.04 and a two-hundred day moving average price of $58.45. Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $68.92.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.7568 per share. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $3.03 annualized dividend and a dividend yield of 4.39%. Toronto-Dominion Bank's dividend payout ratio is currently 42.67%.

Institutional Investors Weigh In On Toronto-Dominion Bank

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Larson Financial Group LLC increased its holdings in Toronto-Dominion Bank by 122.9% during the 1st quarter. Larson Financial Group LLC now owns 428 shares of the bank's stock worth $26,000 after purchasing an additional 236 shares in the last quarter. Financial Management Professionals Inc. grew its holdings in shares of Toronto-Dominion Bank by 322.4% during the first quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock worth $29,000 after buying an additional 374 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in Toronto-Dominion Bank in the 4th quarter valued at approximately $27,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in Toronto-Dominion Bank in the 1st quarter valued at approximately $32,000. Finally, ORG Partners LLC acquired a new position in Toronto-Dominion Bank during the 1st quarter worth approximately $34,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

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.