Cormark Has Pessimistic Outlook of TSE:TD FY2025 Earnings

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Investment analysts at Cormark dropped their FY2025 earnings estimates for shares of Toronto-Dominion Bank in a report released on Friday, February 21st. Cormark analyst L. Persaud now expects that the company will post earnings of $7.76 per share for the year, down from their previous forecast of $7.91. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $7.22 per share.

Several other equities analysts have also commented on TD. CIBC raised their target price on shares of Toronto-Dominion Bank from C$90.00 to C$94.00 in a report on Tuesday, February 18th. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 price target on the stock in a report on Thursday, December 19th. Royal Bank of Canada upped their price objective on shares of Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 8th. Scotiabank lowered their price objective on shares of Toronto-Dominion Bank from C$83.00 to C$82.00 and set a “sector perform” rating for the company in a research report on Thursday. Finally, Desjardins cut shares of Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$88.67.

Toronto-Dominion Bank Stock Down 0.5 %

TD stock opened at C$85.12 on Monday. Toronto-Dominion Bank has a 12 month low of C$73.22 and a 12 month high of C$87.99. The firm has a market cap of C$149.33 billion, a P/E ratio of 16.87, a P/E/G ratio of 1.22 and a beta of 0.82. The company’s 50-day moving average price is C$80.39 and its two-hundred day moving average price is C$80.42.

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were given a $1.05 dividend. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. This represents a $4.20 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend was Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio is 80.84%.

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.