Toronto-Dominion Bank (TD) to Post Q2 2019 Earnings of $1.67 Per Share, Desjardins Forecasts
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Analysts at Desjardins reduced their Q2 2019 earnings estimates for Toronto-Dominion Bank in a research note issued to investors on Monday, May 13th. Desjardins analyst D. Young now expects that the company will earn $1.67 per share for the quarter, down from their prior estimate of $1.74. Desjardins also issued estimates for Toronto-Dominion Bank’s FY2019 earnings at $6.72 EPS.
A number of other research firms have also commented on TD. National Bank Financial cut their price objective on Toronto-Dominion Bank from C$85.00 to C$83.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st. Canaccord Genuity cut their price objective on Toronto-Dominion Bank from C$84.00 to C$82.00 in a research note on Wednesday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$85.17.
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings data on Thursday, February 28th. The company reported C$1.57 EPS for the quarter, missing the Zacks’ consensus estimate of C$1.73 by C($0.16). The company had revenue of C$10 billion during the quarter, compared to the consensus estimate of C$9.67 billion.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th were paid a $0.74 dividend. The ex-dividend date was Tuesday, April 9th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.67. This represents a $2.96 annualized dividend and a yield of 4.00%. Toronto-Dominion Bank’s payout ratio is 44.36%.
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.
Read More: Backdoor Roth IRA
Receive News & Ratings for Toronto-Dominion Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toronto-Dominion Bank and related companies with MarketBeat.com's FREE daily email newsletter.