Cormark Lowers Earnings Estimates for Toronto-Dominion Bank

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Stock analysts at Cormark decreased their FY2025 earnings estimates for Toronto-Dominion Bank in a research report issued to clients and investors on Friday, December 6th. Cormark analyst L. Persaud now forecasts that the company will post earnings of $7.91 per share for the year, down from their previous estimate of $8.10. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $7.22 per share. Cormark also issued estimates for Toronto-Dominion Bank’s FY2026 earnings at $8.56 EPS.

Several other equities research analysts also recently commented on TD. Scotiabank downgraded Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$98.00 to C$81.00 in a report on Friday. Royal Bank of Canada downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$88.00 to C$82.00 in a research report on Friday, October 11th. Barclays cut Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. CIBC cut their price objective on Toronto-Dominion Bank from C$93.00 to C$90.00 in a report on Friday. Finally, National Bank Financial raised Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$86.00.

Toronto-Dominion Bank Trading Down 0.7 %

TD stock opened at C$73.51 on Monday. The stock’s 50 day simple moving average is C$80.01 and its 200 day simple moving average is C$79.19. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$87.99. The stock has a market capitalization of C$128.64 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 31st were paid a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $4.08 annualized dividend and a yield of 5.55%. Toronto-Dominion Bank’s payout ratio is 94.44%.

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.