Toronto-Dominion Bank (NYSE:TD) (TSE:TD) – Research analysts at Desjardins lowered their FY2019 earnings estimates for shares of Toronto-Dominion Bank in a report released on Monday, May 13th. Desjardins analyst D. Young now anticipates that the bank will post earnings per share of $4.99 for the year, down from their previous forecast of $5.13. Desjardins also issued estimates for Toronto-Dominion Bank’s FY2020 earnings at $5.45 EPS.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, February 28th. The bank reported $1.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.13). Toronto-Dominion Bank had a net margin of 20.48% and a return on equity of 16.36%. The firm had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.35 billion.
Toronto-Dominion Bank stock opened at $55.07 on Wednesday. Toronto-Dominion Bank has a fifty-two week low of $47.73 and a fifty-two week high of $62.00. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $100.03 billion, a PE ratio of 10.95, a PEG ratio of 1.52 and a beta of 1.06.
Institutional investors have recently bought and sold shares of the company. Monte Financial Group LLC boosted its position in Toronto-Dominion Bank by 101.8% in the first quarter. Monte Financial Group LLC now owns 51,739 shares of the bank’s stock valued at $2,811,000 after buying an additional 26,098 shares in the last quarter. Norway Savings Bank boosted its position in Toronto-Dominion Bank by 34.5% in the fourth quarter. Norway Savings Bank now owns 1,479 shares of the bank’s stock valued at $74,000 after buying an additional 379 shares in the last quarter. Natixis Advisors L.P. boosted its position in Toronto-Dominion Bank by 25.2% in the fourth quarter. Natixis Advisors L.P. now owns 44,812 shares of the bank’s stock valued at $2,228,000 after buying an additional 9,014 shares in the last quarter. IHT Wealth Management LLC boosted its position in Toronto-Dominion Bank by 3.9% in the fourth quarter. IHT Wealth Management LLC now owns 6,439 shares of the bank’s stock valued at $320,000 after buying an additional 244 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Toronto-Dominion Bank by 129.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 953,875 shares of the bank’s stock valued at $47,389,000 after buying an additional 537,965 shares in the last quarter. 49.74% of the stock is owned by institutional investors and hedge funds.
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th were issued a $0.564 dividend. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.51. This represents a $2.26 annualized dividend and a dividend yield of 4.10%. The ex-dividend date was Tuesday, April 9th. Toronto-Dominion Bank’s payout ratio is presently 44.14%.
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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