Equities Analysts Issue Forecasts for TSE:TD FY2024 Earnings

The Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD - Research analysts at Cormark raised their FY2024 earnings estimates for shares of Toronto-Dominion Bank in a research report issued on Monday, November 25th. Cormark analyst L. Persaud now anticipates that the company will post earnings of $7.90 per share for the year, up from their previous forecast of $7.89. The consensus estimate for Toronto-Dominion Bank's current full-year earnings is $7.22 per share. Cormark also issued estimates for Toronto-Dominion Bank's FY2026 earnings at $8.74 EPS.

A number of other research analysts have also issued reports on TD. CIBC lowered their target price on shares of Toronto-Dominion Bank from C$96.00 to C$93.00 in a research note on Tuesday. Barclays lowered Toronto-Dominion Bank from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 21st. Royal Bank of Canada downgraded Toronto-Dominion Bank from an "outperform" rating to a "sector perform" rating and decreased their target price for the company from C$88.00 to C$82.00 in a research note on Friday, October 11th. Canaccord Genuity Group dropped their price target on Toronto-Dominion Bank from C$91.50 to C$89.00 in a research report on Tuesday, November 19th. Finally, Scotiabank raised their price target on shares of Toronto-Dominion Bank from C$86.00 to C$98.00 in a research report on Monday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of C$87.42.

Toronto-Dominion Bank Price Performance

TSE:TD traded up C$0.82 during mid-day trading on Tuesday, reaching C$78.63. The stock had a trading volume of 5,364,219 shares, compared to its average volume of 7,429,260. The stock has a market cap of C$137.60 billion, a P/E ratio of 18.20, a PEG ratio of 1.22 and a beta of 0.82. The business's 50 day moving average is C$81.09 and its 200 day moving average is C$79.14. Toronto-Dominion Bank has a fifty-two week low of C$73.67 and a fifty-two week high of C$87.99.

Toronto-Dominion Bank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 31st were issued a dividend of $1.02 per share. The ex-dividend date was Thursday, October 10th. This represents a $4.08 annualized dividend and a yield of 5.19%. Toronto-Dominion Bank's payout ratio is presently 94.44%.

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.