Cormark Lifts Earnings Estimates for Toronto-Dominion Bank

The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD - Equities researchers at Cormark upped their FY2025 earnings estimates for shares of Toronto-Dominion Bank in a research report issued to clients and investors on Friday, May 23rd. Cormark analyst L. Persaud now forecasts that the bank will post earnings per share of $5.67 for the year, up from their prior forecast of $5.47. The consensus estimate for Toronto-Dominion Bank's current full-year earnings is $5.48 per share. Cormark also issued estimates for Toronto-Dominion Bank's FY2026 earnings at $6.36 EPS.

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

Several other research analysts also recently commented on TD. Wall Street Zen raised Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Scotiabank initiated coverage on Toronto-Dominion Bank in a research note on Thursday, May 15th. They issued a "sector perform" rating on the stock. Finally, Royal Bank of Canada increased 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 report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $93.00.

Toronto-Dominion Bank Trading Up 0.2%

Shares of Toronto-Dominion Bank stock traded up $0.16 during trading on Monday, hitting $68.90. The company's stock had a trading volume of 110,206 shares, compared to its average volume of 2,355,771. The stock has a market cap of $119.59 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 1.95 and a beta of 0.81. Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $68.89. The stock has a 50-day moving average price of $62.04 and a two-hundred day moving average price of $58.45. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03.

Institutional Investors Weigh In On Toronto-Dominion Bank

Several institutional investors and hedge funds have recently made changes to their positions in the business. Mutual Advisors LLC lifted its stake in Toronto-Dominion Bank by 467.0% in the fourth quarter. Mutual Advisors LLC now owns 24,779 shares of the bank's stock valued at $1,371,000 after buying an additional 20,409 shares during the period. Avior Wealth Management LLC increased its stake in shares of Toronto-Dominion Bank by 30.2% in the 4th quarter. Avior Wealth Management LLC now owns 3,007 shares of the bank's stock valued at $160,000 after acquiring an additional 697 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of Toronto-Dominion Bank by 24.3% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,914 shares of the bank's stock valued at $368,000 after acquiring an additional 1,351 shares during the period. AlphaMark Advisors LLC bought a new position in Toronto-Dominion Bank during the fourth quarter worth $378,000. Finally, Stablepoint Partners LLC grew its holdings in Toronto-Dominion Bank by 1.2% in the fourth quarter. Stablepoint Partners LLC now owns 72,870 shares of the bank's stock worth $3,880,000 after purchasing an additional 861 shares during the period. Institutional investors own 52.37% of the company's stock.

Toronto-Dominion Bank Increases Dividend

The firm 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 $0.7568 dividend. The ex-dividend date is Thursday, July 10th. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.73. This represents a $3.03 annualized dividend and a dividend yield of 4.39%. Toronto-Dominion Bank's dividend payout ratio (DPR) is 42.67%.

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.