National Bank Financial Equities Analysts Reduce Earnings Estimates for Toronto-Dominion Bank (TSE:TD)

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Equities researchers at National Bank Financial cut their Q1 2020 earnings per share (EPS) estimates for Toronto-Dominion Bank in a report issued on Tuesday, February 11th. National Bank Financial analyst G. Dechaine now forecasts that the company will post earnings of $1.66 per share for the quarter, down from their prior forecast of $1.67. National Bank Financial currently has a “Outperform” rating and a $81.00 target price on the stock. National Bank Financial also issued estimates for Toronto-Dominion Bank’s Q2 2020 earnings at $1.69 EPS, Q3 2020 earnings at $1.74 EPS and FY2020 earnings at $6.77 EPS.

A number of other equities analysts have also weighed in on the company. BMO Capital Markets decreased their target price on Toronto-Dominion Bank from C$78.00 to C$76.00 in a research report on Friday, December 6th. Scotiabank reduced their price target on shares of Toronto-Dominion Bank from C$83.00 to C$81.00 in a research report on Friday, December 6th. Desjardins set a C$81.00 price target on shares of Toronto-Dominion Bank and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Canaccord Genuity reduced their price target on shares of Toronto-Dominion Bank from C$81.00 to C$79.00 in a research report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$80.45.

Shares of TSE:TD opened at C$75.29 on Thursday. Toronto-Dominion Bank has a fifty-two week low of C$71.22 and a fifty-two week high of C$77.96. The business has a 50-day simple moving average of C$73.92 and a two-hundred day simple moving average of C$74.49. The firm has a market cap of $137.31 billion and a price-to-earnings ratio of 12.05.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings results on Thursday, December 5th. The company reported C$1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.73 by C($0.14). The firm had revenue of C$10.34 billion during the quarter, compared to analysts’ expectations of C$10.11 billion.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was Thursday, January 9th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 3.93%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 46.24%.

In other Toronto-Dominion Bank news, Senior Officer Frank Joseph Mckenna sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of C$74.43, for a total value of C$744,300.00.

Toronto-Dominion Bank Company Profile

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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