Cormark Has Positive Outlook for TD FY2025 Earnings

The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD - Equities researchers at Cormark increased their FY2025 EPS estimates for Toronto-Dominion Bank in a research note issued on Friday, May 23rd. Cormark analyst L. Persaud now anticipates that the bank will earn $5.67 per share for the year, up from their previous 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.

Other equities analysts have also recently issued research reports about the stock. Scotiabank assumed coverage on shares of Toronto-Dominion Bank in a research note on Thursday, May 15th. They set a "sector perform" rating for the company. Wall Street Zen upgraded shares of Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada boosted their target price on Toronto-Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $93.00.

Toronto-Dominion Bank Price Performance

TD stock traded up $0.49 during mid-day trading on Monday, reaching $68.19. 1,578,547 shares of the company traded hands, compared to its average volume of 2,370,459. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $118.37 billion, a P/E ratio of 19.65, a P/E/G 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 $68.74. The company has a fifty day moving average price of $61.54 and a 200-day moving average price of $58.23.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Toronto-Dominion Bank by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 74,634,839 shares of the bank's stock worth $4,472,194,000 after purchasing an additional 516,288 shares during the last quarter. FIL Ltd raised its holdings in Toronto-Dominion Bank by 17.3% in the 4th quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock worth $2,075,819,000 after acquiring an additional 5,756,584 shares during the last quarter. TD Asset Management Inc raised its holdings in Toronto-Dominion Bank by 0.4% in the 1st quarter. TD Asset Management Inc now owns 37,035,579 shares of the bank's stock worth $2,218,918,000 after acquiring an additional 162,563 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Toronto-Dominion Bank by 4.5% in the 1st quarter. Mackenzie Financial Corp now owns 29,252,736 shares of the bank's stock worth $1,752,806,000 after acquiring an additional 1,262,062 shares during the last quarter. Finally, Norges Bank purchased a new position in Toronto-Dominion Bank in the 4th quarter worth approximately $992,204,000. 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 Thursday, July 31st. Stockholders of record on Thursday, July 10th will be paid a $0.7568 dividend. This represents a $3.03 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Thursday, July 10th. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.73. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 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.