Cormark Forecasts Weaker Earnings for Toronto-Dominion Bank

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) – Investment analysts at Cormark lowered their FY2025 earnings per share estimates for shares of Toronto-Dominion Bank in a research report issued to clients and investors on Friday, February 21st. Cormark analyst L. Persaud now expects that the bank will post earnings of $5.43 per share for the year, down from their prior forecast of $5.62. 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 $6.02 EPS.

TD has been the subject of a number of other reports. Scotiabank lowered shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, December 6th. Royal Bank of Canada cut their price target on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a report on Friday, December 6th. Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Finally, Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Trading Down 0.8 %

NYSE:TD opened at $59.38 on Monday. The stock has a fifty day simple moving average of $56.16 and a 200 day simple moving average of $57.58. The firm has a market capitalization of $103.93 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 1.95 and a beta of 0.84. Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11.

Institutional Investors Weigh In On Toronto-Dominion Bank

A number of institutional investors have recently modified their holdings of TD. Mackenzie Financial Corp boosted its position in Toronto-Dominion Bank by 5.6% during the fourth quarter. Mackenzie Financial Corp now owns 27,990,674 shares of the bank’s stock valued at $1,488,233,000 after purchasing an additional 1,491,472 shares during the last quarter. Forum Financial Management LP raised its stake in shares of Toronto-Dominion Bank by 64.2% during the 4th quarter. Forum Financial Management LP now owns 18,711 shares of the bank’s stock worth $996,000 after purchasing an additional 7,313 shares in the last quarter. Burgundy Asset Management Ltd. lifted its holdings in shares of Toronto-Dominion Bank by 137.3% during the 4th quarter. Burgundy Asset Management Ltd. now owns 2,258,881 shares of the bank’s stock valued at $120,143,000 after buying an additional 1,306,946 shares during the last quarter. Connecticut Wealth Management LLC grew its stake in shares of Toronto-Dominion Bank by 32.2% in the 4th quarter. Connecticut Wealth Management LLC now owns 4,664 shares of the bank’s stock valued at $248,000 after buying an additional 1,136 shares in the last quarter. Finally, Vident Advisory LLC increased its holdings in Toronto-Dominion Bank by 5.8% in the fourth quarter. Vident Advisory LLC now owns 4,535 shares of the bank’s stock worth $241,000 after buying an additional 249 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were paid a $0.7482 dividend. This represents a $2.99 annualized dividend and a yield of 5.04%. The ex-dividend date was Friday, January 10th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio is currently 84.15%.

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.