Desjardins Issues Optimistic Forecast for TSE:TD Earnings

The Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD - Stock analysts at Desjardins boosted their FY2025 EPS estimates for Toronto-Dominion Bank in a research note issued on Tuesday, February 4th. Desjardins analyst D. Young now anticipates that the company will post earnings per share of $7.85 for the year, up from their previous forecast of $7.80. 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. Desjardins also issued estimates for Toronto-Dominion Bank's FY2026 earnings at $8.60 EPS.

Several other equities research analysts have also commented on TD. Canaccord Genuity Group upped their price objective on Toronto-Dominion Bank from C$87.00 to C$89.00 in a research report on Monday, December 16th. BMO Capital Markets upgraded Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating and set a C$90.00 target price on the stock in a research report on Thursday, December 19th. National Bankshares decreased their price objective on Toronto-Dominion Bank from C$85.00 to C$80.00 in a report on Friday, December 6th. Royal Bank of Canada raised their price objective on Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the company a "sector perform" rating in a report on Wednesday, January 8th. Finally, Barclays lowered Toronto-Dominion Bank from a "hold" rating to a "strong sell" rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of C$86.83.

Toronto-Dominion Bank Stock Up 1.1 %

Shares of TD stock traded up C$0.94 on Friday, hitting C$86.94. The stock had a trading volume of 2,323,448 shares, compared to its average volume of 10,179,925. 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 market cap of C$152.15 billion, a PE ratio of 20.13, a P/E/G ratio of 1.22 and a beta of 0.82. The business has a 50 day moving average price of C$78.88 and a 200 day moving average price of C$80.10.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were paid a dividend of $1.05 per share. The ex-dividend date was Friday, January 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.83%. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $1.02. Toronto-Dominion Bank's dividend payout ratio (DPR) 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.