Equities Analysts Offer Predictions for TD FY2026 Earnings

Key Points

• Desjardins has raised its FY2026 earnings estimate for Toronto Dominion Bank to $6.35 per share, up from $6.30, while maintaining a "Buy" rating.
• Toronto Dominion Bank recently reported earnings of $1.91 per share for the last quarter, exceeding expectations of $1.46, but its revenue was below forecasts at $10.12 billion.
• The bank announced a quarterly dividend of $1.05, an increase from $0.76, which will be paid on October 31st, representing a 5.2% dividend yield.

Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD - Research analysts at Desjardins lifted their FY2026 earnings estimates for Toronto Dominion Bank in a note issued to investors on Monday, September 29th. Desjardins analyst D. Young now expects that the bank will post earnings per share of $6.35 for the year, up from their previous estimate of $6.30. Desjardins has a "Buy" rating on the stock. 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 posted its earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.45. The company had revenue of $10.12 billion during the quarter, compared to analysts' expectations of $13.73 billion. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. Toronto Dominion Bank's quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $2.05 earnings per share.

A number of other equities research analysts also recently issued reports on the stock. Zacks Research downgraded shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Wall Street Zen downgraded shares of Toronto Dominion Bank from a "hold" rating to a "sell" rating in a research note on Friday, September 26th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Toronto Dominion Bank has a consensus rating of "Hold" and a consensus price target of $93.00.

Toronto Dominion Bank Price Performance

Toronto Dominion Bank stock opened at $80.42 on Thursday. The company has a market cap of $136.77 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 1.72 and a beta of 0.80. The firm's fifty day moving average is $75.45 and its 200 day moving average is $69.35. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $82.08.

Institutional Investors Weigh In On Toronto Dominion Bank

Hedge funds and other institutional investors have recently made changes to their positions in the company. Larson Financial Group LLC raised its stake in shares of Toronto Dominion Bank by 122.9% in the first quarter. Larson Financial Group LLC now owns 428 shares of the bank's stock valued at $26,000 after acquiring an additional 236 shares during the period. Quaker Wealth Management LLC grew its holdings in shares of Toronto Dominion Bank by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 428 shares of the bank's stock worth $31,000 after purchasing an additional 856 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Toronto Dominion Bank in the second quarter worth about $32,000. Richardson Financial Services Inc. bought a new position in shares of Toronto Dominion Bank in the second quarter worth about $34,000. Finally, Financial Management Professionals Inc. grew its holdings in shares of Toronto Dominion Bank by 322.4% in the first quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock worth $29,000 after purchasing an additional 374 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company's stock.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be paid a $1.05 dividend. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.76. This represents a $4.20 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, October 10th. Toronto Dominion Bank's payout ratio is currently 36.10%.

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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