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Cormark Expects Reduced Earnings for Toronto-Dominion Bank

Toronto-Dominion Bank logo with Financial Services background

The Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD - Equities research analysts at Cormark lowered their FY2025 earnings estimates for shares of Toronto-Dominion Bank in a report released on Friday, December 6th. Cormark analyst L. Persaud now forecasts that the company will post earnings of $7.91 per share for the year, down from their prior estimate of $8.10. 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 $8.56 EPS.

TD has been the subject of a number of other research reports. Desjardins lowered Toronto-Dominion Bank from a "moderate buy" rating to a "hold" rating in a research report on Thursday. BMO Capital Markets raised their target price on shares of Toronto-Dominion Bank from C$84.00 to C$94.00 in a report on Monday, November 18th. Jefferies Financial Group boosted their target price on shares of Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the company a "hold" rating in a research note on Monday, August 12th. Barclays lowered Toronto-Dominion Bank from a "hold" rating to a "strong sell" rating in a report on Thursday, November 21st. Finally, CIBC cut their target price on shares of Toronto-Dominion Bank from C$93.00 to C$90.00 in a research report on Friday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Toronto-Dominion Bank has an average rating of "Hold" and an average target price of C$86.00.

Check Out Our Latest Analysis on TD

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock traded up C$1.08 during mid-day trading on Monday, reaching C$74.59. The stock had a trading volume of 3,841,881 shares, compared to its average volume of 7,399,073. The company has a market capitalization of C$130.53 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a one year low of C$73.22 and a one year high of C$87.99. The company has a 50-day moving average price of C$80.01 and a two-hundred day moving average price of C$79.19.

Toronto-Dominion Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 5.47%. The ex-dividend date was Thursday, October 10th. Toronto-Dominion Bank's dividend payout ratio is currently 94.44%.

Toronto-Dominion Bank Company Profile

(Get Free Report)

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.

See Also

Earnings History and Estimates for Toronto-Dominion Bank (TSE:TD)

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