Toronto-Dominion Bank (NYSE:TD) (TSE:TD) – Analysts at Desjardins decreased their Q2 2019 earnings estimates for shares of Toronto-Dominion Bank in a report issued on Monday, May 13th. Desjardins analyst D. Young now expects that the bank will earn $1.24 per share for the quarter, down from their previous estimate of $1.32.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, February 28th. The bank reported $1.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.13). Toronto-Dominion Bank had a return on equity of 16.36% and a net margin of 20.48%. The business had revenue of $7.51 billion for the quarter, compared to analysts’ expectations of $7.35 billion.

Several other research analysts have also recently issued reports on the stock. BMO Capital Markets reissued a “buy” rating on shares of Toronto-Dominion Bank in a report on Thursday, February 28th. Zacks Investment Research cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Saturday, January 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $60.00.

Shares of Toronto-Dominion Bank stock opened at $55.07 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.93 and a quick ratio of 0.93. Toronto-Dominion Bank has a 1 year low of $47.73 and a 1 year high of $62.00. The firm has a market cap of $100.03 billion, a P/E ratio of 10.95, a price-to-earnings-growth ratio of 1.52 and a beta of 1.06.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th were issued a $0.564 dividend. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, April 9th. This represents a $2.26 dividend on an annualized basis and a yield of 4.10%. Toronto-Dominion Bank’s payout ratio is presently 44.14%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TD. Norges Bank purchased a new position in Toronto-Dominion Bank in the fourth quarter valued at $926,448,000. Mackenzie Financial Corp increased its holdings in Toronto-Dominion Bank by 26.7% in the fourth quarter. Mackenzie Financial Corp now owns 25,944,547 shares of the bank’s stock valued at $1,289,963,000 after buying an additional 5,469,139 shares in the last quarter. Toronto Dominion Bank increased its holdings in Toronto-Dominion Bank by 48.9% in the first quarter. Toronto Dominion Bank now owns 16,443,402 shares of the bank’s stock valued at $892,223,000 after buying an additional 5,402,536 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in Toronto-Dominion Bank in the first quarter valued at $328,829,000. Finally, CIBC Asset Management Inc increased its holdings in Toronto-Dominion Bank by 13.3% in the first quarter. CIBC Asset Management Inc now owns 21,510,636 shares of the bank’s stock valued at $1,167,313,000 after buying an additional 2,517,475 shares in the last quarter. 49.74% of the stock is owned by institutional investors.

About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.

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Earnings History and Estimates for Toronto-Dominion Bank (NYSE:TD)

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