Desjardins Issues Positive Outlook for TSE:TD Earnings

The Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD - Investment analysts at Desjardins increased their Q1 2025 earnings estimates for shares of Toronto-Dominion Bank in a note issued to investors on Tuesday, February 4th. Desjardins analyst D. Young now expects that the company will post earnings per share of $1.94 for the quarter, up from their previous forecast of $1.86. Desjardins currently has a "Hold" rating on the stock. The consensus estimate for Toronto-Dominion Bank's current full-year earnings is $7.22 per share.

TD has been the topic of a number of other research reports. CIBC dropped their price target on Toronto-Dominion Bank from C$93.00 to C$90.00 in a research note on Friday, December 6th. Barclays downgraded shares of Toronto-Dominion Bank from a "hold" rating to a "strong sell" rating in a report on Thursday, November 21st. Cormark cut their price objective on Toronto-Dominion Bank from C$99.00 to C$94.00 in a research report on Friday, December 6th. Canaccord Genuity Group increased their price objective on Toronto-Dominion Bank from C$87.00 to C$89.00 in a research note on Monday, December 16th. Finally, Scotiabank downgraded shares of Toronto-Dominion Bank from an "outperform" rating to a "sector perform" rating and cut their price target for the stock from C$98.00 to C$81.00 in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Toronto-Dominion Bank presently has an average rating of "Hold" and an average price target of C$86.83.

Toronto-Dominion Bank Trading Down 0.3 %

Shares of TSE TD traded down C$0.23 during trading hours on Thursday, reaching C$82.63. The stock had a trading volume of 1,720,048 shares, compared to its average volume of 10,191,651. Toronto-Dominion Bank has a 52-week low of C$73.22 and a 52-week high of C$87.99. The firm has a market cap of C$144.60 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 1.22 and a beta of 0.82. The business's fifty day moving average price is C$78.67 and its two-hundred day moving average price is C$80.03.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were given a dividend of $1.05 per share. The ex-dividend date was Friday, January 10th. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $1.02. This represents a $4.20 annualized dividend and a yield of 5.08%. Toronto-Dominion Bank's dividend payout ratio is 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.