FY2025 EPS Forecast for Toronto-Dominion Bank Cut by Analyst

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) – Equities researchers at Cormark dropped their FY2025 earnings per share estimates for Toronto-Dominion Bank in a research note issued on Friday, February 21st. Cormark analyst L. Persaud now forecasts that the bank will post earnings per share of $5.43 for the year, down from their previous estimate of $5.62. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $5.48 per share. Cormark also issued estimates for Toronto-Dominion Bank’s FY2026 earnings at $6.02 EPS.

Other research analysts have also issued reports about the company. StockNews.com upgraded Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. Royal Bank of Canada lowered their price target 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, December 6th. Desjardins lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Finally, BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Trading Down 0.9 %

Shares of Toronto-Dominion Bank stock opened at $59.82 on Monday. The firm has a market capitalization of $104.71 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.95 and a beta of 0.84. Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a 50 day moving average of $56.04 and a 200 day moving average of $57.56.

Institutional Trading of Toronto-Dominion Bank

A number of large investors have recently made changes to their positions in the company. Mackenzie Financial Corp increased its stake in shares of Toronto-Dominion Bank by 5.6% during the fourth quarter. Mackenzie Financial Corp now owns 27,990,674 shares of the bank’s stock worth $1,488,233,000 after buying an additional 1,491,472 shares during the period. Forum Financial Management LP increased its stake in shares of Toronto-Dominion Bank by 64.2% during the fourth quarter. Forum Financial Management LP now owns 18,711 shares of the bank’s stock worth $996,000 after buying an additional 7,313 shares during the period. Burgundy Asset Management Ltd. increased its stake in shares of Toronto-Dominion Bank by 137.3% during the fourth quarter. Burgundy Asset Management Ltd. now owns 2,258,881 shares of the bank’s stock worth $120,143,000 after buying an additional 1,306,946 shares during the period. Connecticut Wealth Management LLC increased its stake in shares of Toronto-Dominion Bank by 32.2% during the fourth quarter. Connecticut Wealth Management LLC now owns 4,664 shares of the bank’s stock worth $248,000 after buying an additional 1,136 shares during the period. Finally, Vident Advisory LLC increased its stake in shares of Toronto-Dominion Bank by 5.8% during the fourth quarter. Vident Advisory LLC now owns 4,535 shares of the bank’s stock worth $241,000 after buying an additional 249 shares during the period. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were issued a dividend of $0.7482 per share. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Friday, January 10th. This represents a $2.99 annualized dividend and a yield of 5.00%. Toronto-Dominion Bank’s dividend payout ratio is 84.15%.

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.