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

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

Toronto-Dominion Bank Stock Down 0.6 %

Shares of TD traded down $0.35 on Monday, hitting $59.56. The company's stock had a trading volume of 2,138,925 shares, compared to its average volume of 2,542,881. The firm's fifty day moving average price is $56.78 and its 200-day moving average price is $57.64. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The firm has a market capitalization of $104.36 billion, a price-to-earnings ratio of 17.16, a P/E/G ratio of 1.95 and a beta of 0.84.

Toronto-Dominion Bank Cuts Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TD shares. Royal Bank of Canada lowered their price target on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating for the company in a research report on Friday, December 6th. Barclays lowered shares of Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a report on Thursday, November 21st. Bank of America raised Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Jefferies Financial Group cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Finally, BMO Capital Markets raised Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research note on Thursday, December 19th. Two research 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 company's stock. According to MarketBeat, Toronto-Dominion Bank currently has an average 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.