Toronto-Dominion Bank (NYSE:TD) Releases Earnings Results, Beats Expectations By $0.01 EPS

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD released its earnings results on Thursday. The bank reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.01, Zacks reports. Toronto-Dominion Bank had a net margin of 7.37% and a return on equity of 13.96%. The firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $13.21 billion.

Toronto-Dominion Bank Stock Performance

TD traded down $0.35 during mid-day trading on Monday, reaching $59.56. 2,138,925 shares of the company traded hands, compared to its average volume of 2,542,881. The stock has a market capitalization of $104.36 billion, a P/E ratio of 17.16, a P/E/G ratio of 1.95 and a beta of 0.84. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The company's fifty day moving average price is $56.92 and its 200-day moving average price is $57.65. Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.7278 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a yield of 4.89%. Toronto-Dominion Bank's dividend payout ratio is presently 84.71%.

Analyst Ratings Changes

TD has been the subject of several recent research reports. StockNews.com lowered shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Monday, February 24th. Desjardins lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Royal Bank of Canada decreased their price objective on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating for the company in a report on Friday, December 6th. Bank of America upgraded shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Finally, Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $80.50.

Toronto-Dominion Bank Company Profile

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.