Equities Analysts Set Expectations for Toronto-Dominion Bank’s Q2 2018 Earnings (TD)
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Research analysts at Cormark issued their Q2 2018 earnings estimates for shares of Toronto-Dominion Bank in a research report issued on Friday. Cormark analyst M. Grauman anticipates that the company will earn $1.41 per share for the quarter. Cormark also issued estimates for Toronto-Dominion Bank’s Q3 2018 earnings at $1.48 EPS, FY2018 earnings at $5.86 EPS, Q1 2019 earnings at $1.54 EPS, Q2 2019 earnings at $1.48 EPS, Q3 2019 earnings at $1.55 EPS, Q4 2019 earnings at $1.59 EPS and FY2019 earnings at $6.16 EPS.
A number of other analysts also recently issued reports on the company. BMO Capital Markets raised their price target on Toronto-Dominion Bank from C$74.00 to C$76.00 in a research report on Friday. Keefe, Bruyette & Woods raised their price target on Toronto-Dominion Bank from C$68.00 to C$70.00 in a research report on Friday, September 1st. Scotiabank raised their price target on Toronto-Dominion Bank from C$71.00 to C$73.00 and gave the stock an “outperform” rating in a research report on Monday, August 21st. Eight Capital raised their price target on Toronto-Dominion Bank from C$73.00 to C$76.00 in a research report on Friday. Finally, National Bank Financial raised their price target on Toronto-Dominion Bank from C$74.00 to C$78.00 and gave the stock an “outperform” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of C$75.31.
Toronto-Dominion Bank (TSE TD) traded up C$0.08 during midday trading on Monday, hitting C$73.40. The stock had a trading volume of 2,264,627 shares, compared to its average volume of 3,621,554. Toronto-Dominion Bank has a 52-week low of C$61.50 and a 52-week high of C$75.09.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $2.40 dividend on an annualized basis and a yield of 3.27%. Toronto-Dominion Bank’s payout ratio is 41.89%.
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Toronto-Dominion Bank Company Profile
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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