Desjardins Research Analysts Boost Earnings Estimates for TD

Key Points

• Desjardins modestly raised its FY2025 EPS estimate for Toronto Dominion to $5.95 (from $5.94) and maintains a Buy rating, while forecasting FY2027 EPS of $6.75.
• In the most recent quarter TD reported EPS of $1.91, beating consensus by $0.45, but revenue of $10.12 billion fell short of the $13.73 billion expectation.
• The bank raised its quarterly dividend to $1.05 (up from $0.76), equal to a $4.20 annualized payout and roughly a 5.1% yield with a 35.2% payout ratio.

Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD - Analysts at Desjardins upped their FY2025 earnings per share (EPS) estimates for shares of Toronto Dominion Bank in a research report issued to clients and investors on Tuesday, November 11th. Desjardins analyst D. Young now expects that the bank will post earnings per share of $5.95 for the year, up from their previous forecast of $5.94. Desjardins currently has a "Buy" rating on the stock. The consensus estimate for Toronto Dominion Bank's current full-year earnings is $5.48 per share. Desjardins also issued estimates for Toronto Dominion Bank's FY2027 earnings at $6.75 EPS.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.45. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The business had revenue of $10.12 billion during the quarter, compared to analysts' expectations of $13.73 billion. During the same quarter in the prior year, the firm earned $2.05 EPS. The business's revenue for the quarter was up 7.9% compared to the same quarter last year.

Several other equities research analysts also recently commented on TD. Wall Street Zen downgraded shares of Toronto Dominion Bank from a "hold" rating to a "sell" rating in a research report on Friday, September 26th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Zacks Research lowered shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada upgraded Toronto Dominion Bank from a "sector perform" rating to an "outperform" rating in a report on Friday, October 3rd. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $93.00.

Toronto Dominion Bank Stock Performance

Toronto Dominion Bank stock opened at $82.77 on Thursday. The business has a 50 day moving average of $79.51 and a 200-day moving average of $73.92. Toronto Dominion Bank has a 1 year low of $51.25 and a 1 year high of $82.93. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $140.41 billion, a P/E ratio of 9.67, a P/E/G ratio of 1.68 and a beta of 0.79.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 10th were paid a dividend of $1.05 per share. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.76. This represents a $4.20 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Friday, October 10th. Toronto Dominion Bank's payout ratio is 35.16%.

Institutional Trading of Toronto Dominion Bank

A number of institutional investors have recently bought and sold shares of the company. Natixis Advisors LLC grew its holdings in Toronto Dominion Bank by 11.1% during the 3rd quarter. Natixis Advisors LLC now owns 89,786 shares of the bank's stock worth $7,178,000 after acquiring an additional 8,947 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of Toronto Dominion Bank by 96.4% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,533,571 shares of the bank's stock valued at $122,650,000 after purchasing an additional 752,848 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich bought a new stake in shares of Toronto Dominion Bank during the 3rd quarter valued at about $6,681,000. DKRT Investments Corp. grew its stake in Toronto Dominion Bank by 50.0% during the third quarter. DKRT Investments Corp. now owns 105,000 shares of the bank's stock worth $8,395,000 after purchasing an additional 35,000 shares during the period. Finally, Barclays PLC increased its holdings in Toronto Dominion Bank by 5.8% in the third quarter. Barclays PLC now owns 33,350 shares of the bank's stock worth $2,666,000 after purchasing an additional 1,842 shares in the last quarter. Institutional investors own 52.37% of the company's stock.

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.

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