Cormark Expects Reduced Earnings for Toronto-Dominion Bank

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) – Equities research analysts at Cormark reduced their FY2025 EPS estimates for shares of Toronto-Dominion Bank in a research note issued to investors on Friday, December 6th. Cormark analyst L. Persaud now expects that the bank will post earnings of $5.62 per share for the year, down from their previous estimate of $5.99. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $5.89 per share. Cormark also issued estimates for Toronto-Dominion Bank’s FY2026 earnings at $6.08 EPS.

Several other research analysts have also recently commented on TD. Royal Bank of Canada reduced their target price on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a research report on Friday. Barclays cut shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Desjardins cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday. Scotiabank lowered Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday. Finally, StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Trading Down 1.6 %

Toronto-Dominion Bank stock opened at $51.96 on Monday. The business has a 50 day moving average price of $57.30 and a two-hundred day moving average price of $57.65. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. Toronto-Dominion Bank has a 12 month low of $51.74 and a 12 month high of $65.12. The stock has a market cap of $90.94 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 1.86 and a beta of 0.82.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be issued a dividend of $0.7482 per share. This represents a $2.99 annualized dividend and a dividend yield of 5.76%. The ex-dividend date is Friday, January 10th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio is presently 87.03%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Toronto-Dominion Bank during the third quarter valued at approximately $247,000. World Investment Advisors LLC acquired a new stake in shares of Toronto-Dominion Bank in the 3rd quarter valued at $265,000. Tudor Financial Inc. acquired a new position in shares of Toronto-Dominion Bank during the third quarter valued at $268,000. Passumpsic Savings Bank raised its holdings in Toronto-Dominion Bank by 2.6% during the 3rd quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock worth $476,000 after purchasing an additional 194 shares during the last quarter. Finally, Main Line Retirement Advisors LLC lifted its position in Toronto-Dominion Bank by 1.3% during the 3rd quarter. Main Line Retirement Advisors LLC now owns 24,180 shares of the bank’s stock valued at $1,530,000 after purchasing an additional 314 shares during the period. 52.37% of the stock is owned by institutional investors.

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.