Desjardins Has Pessimistic Outlook of TSE:TD FY2024 Earnings

The Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD - Analysts at Desjardins lowered their FY2024 earnings per share (EPS) estimates for Toronto-Dominion Bank in a note issued to investors on Friday, November 1st. Desjardins analyst D. Young now expects that the company will earn $7.87 per share for the year, down from their previous estimate of $7.89. Desjardins currently has a "Buy" rating and a $90.00 target price 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 Q4 2024 earnings at $1.78 EPS.

A number of other analysts have also recently issued reports on TD. CIBC lowered their price objective on Toronto-Dominion Bank from C$100.00 to C$96.00 in a research report on Friday, October 11th. Scotiabank lowered their price target on shares of Toronto-Dominion Bank from C$87.00 to C$86.00 in a report on Monday, August 19th. Jefferies Financial Group raised their price objective on shares of Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the stock a "hold" rating in a report on Monday, August 12th. Canaccord Genuity Group lowered their target price on shares of Toronto-Dominion Bank from C$93.50 to C$91.50 in a research note on Friday, October 11th. Finally, National Bankshares upgraded shares of Toronto-Dominion Bank from an "underperform" rating to a "sector perform" rating and raised their price target for the stock from C$74.00 to C$78.00 in a research note on Friday, August 23rd. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$86.65.

Toronto-Dominion Bank Trading Down 0.3 %

TD traded down C$0.22 on Monday, hitting C$76.54. 9,216,173 shares of the stock traded hands, compared to its average volume of 7,618,591. The business has a fifty day moving average price of C$82.06 and a two-hundred day moving average price of C$79.21. The firm has a market capitalization of C$133.95 billion, a PE ratio of 17.72, a P/E/G ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 52 week low of C$73.67 and a 52 week high of C$87.99.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD last posted its quarterly earnings results on Thursday, August 22nd. The company reported C$2.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$2.07 by C($0.02). The company had revenue of C$14.18 billion during the quarter, compared to analyst estimates of C$14.12 billion. Toronto-Dominion Bank had a return on equity of 7.33% and a net margin of 15.72%.

Toronto-Dominion Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st were given a $1.02 dividend. The ex-dividend date was Thursday, October 10th. This represents a $4.08 annualized dividend and a yield of 5.33%. Toronto-Dominion Bank's 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.