National Bank Financial Forecasts TD FY2025 Earnings

Key Points

• National Bank Financial has increased its earnings per share estimate for Toronto Dominion Bank for FY2025 to $5.88, slightly above the previous forecast of $5.85 and the current consensus estimate of $5.48.
• The bank reported $1.91 earnings per share for the recent quarter, outperforming the consensus estimate of $1.46, although its revenue of $10.12 billion fell short of the expected $13.73 billion.
• Toronto Dominion Bank announced a quarterly dividend increase to $1.05 per share, up from $0.76, which translates to an annualized dividend yield of 5.6%.

Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD - Equities research analysts at National Bank Financial upped their FY2025 earnings per share estimates for shares of Toronto Dominion Bank in a research report issued to clients and investors on Thursday, August 28th. National Bank Financial analyst G. Dechaine now anticipates that the bank will post earnings of $5.88 per share for the year, up from their previous forecast of $5.85. The consensus estimate for Toronto Dominion Bank's current full-year earnings is $5.48 per share.

Several other equities analysts also recently weighed in on the company. Scotiabank assumed coverage on Toronto Dominion Bank in a research report on Thursday, May 15th. They issued a "sector perform" rating for the company. Zacks Research downgraded Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Desjardins raised Toronto Dominion Bank from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th. Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Royal Bank Of Canada boosted their price objective on Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a research report on Friday, May 23rd. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $93.00.

Toronto Dominion Bank Stock Performance

NYSE TD opened at $75.05 on Monday. The company has a market cap of $128.73 billion, a P/E ratio of 8.77, a P/E/G ratio of 1.63 and a beta of 0.81. 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 stock has a 50-day moving average of $73.79 and a two-hundred day moving average of $66.59. Toronto Dominion Bank has a 1-year low of $51.25 and a 1-year high of $78.95.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released 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 the consensus estimate of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.Toronto Dominion Bank's revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.05 EPS.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be given 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 dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, October 10th. Toronto Dominion Bank's dividend payout ratio is presently 45.31%.

Institutional Investors Weigh In On Toronto Dominion Bank

Institutional investors have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. lifted its stake in Toronto Dominion Bank by 144.6% during the first quarter. Oppenheimer & Co. Inc. now owns 11,532 shares of the bank's stock worth $691,000 after purchasing an additional 6,818 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Toronto Dominion Bank by 41.9% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,407,273 shares of the bank's stock worth $264,134,000 after purchasing an additional 1,302,281 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Toronto Dominion Bank by 7.0% during the first quarter. Bank of New York Mellon Corp now owns 1,606,446 shares of the bank's stock worth $96,290,000 after purchasing an additional 104,864 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Toronto Dominion Bank by 38.6% during the first quarter. JPMorgan Chase & Co. now owns 9,994,402 shares of the bank's stock worth $599,064,000 after purchasing an additional 2,780,984 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Toronto Dominion Bank by 1.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 12,396,341 shares of the bank's stock worth $743,037,000 after purchasing an additional 181,781 shares during the last quarter. Hedge funds and other 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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