Cormark Cuts Earnings Estimates for Toronto-Dominion Bank

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Research analysts at Cormark lowered their FY2025 earnings per share (EPS) estimates for Toronto-Dominion Bank in a note issued to investors on Friday, February 28th. Cormark analyst L. Persaud now anticipates that the company will post earnings of $7.71 per share for the year, down from their previous forecast of $7.76. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $7.22 per share.

TD has been the subject of several other research reports. UBS Group boosted their price target on Toronto-Dominion Bank from C$83.00 to C$90.00 in a research note on Friday, February 14th. Jefferies Financial Group cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating and boosted their price target for the stock from C$90.00 to C$99.00 in a research note on Tuesday, February 18th. National Bankshares decreased their price target on Toronto-Dominion Bank from C$85.00 to C$80.00 in a research note on Friday, December 6th. Scotiabank decreased their price target on Toronto-Dominion Bank from C$83.00 to C$82.00 and set a “sector perform” rating for the company in a research note on Thursday, February 20th. Finally, CIBC upped their price objective on Toronto-Dominion Bank from C$94.00 to C$96.00 in a research report on Friday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$88.83.

Toronto-Dominion Bank Price Performance

TD stock opened at C$86.41 on Monday. Toronto-Dominion Bank has a 1-year low of C$73.22 and a 1-year high of C$87.99. The business has a fifty day moving average price of C$81.68 and a 200-day moving average price of C$80.74. The stock has a market capitalization of C$151.60 billion, a P/E ratio of 17.12, a P/E/G ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 4.86%. Toronto-Dominion Bank’s payout ratio is 80.84%.

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.