Analysts Offer Predictions for Toronto-Dominion Bank’s Q1 2020 Earnings (TSE:TD)

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Stock analysts at Desjardins issued their Q1 2020 earnings per share (EPS) estimates for shares of Toronto-Dominion Bank in a research note issued on Thursday, December 5th. Desjardins analyst D. Young expects that the company will post earnings per share of $1.66 for the quarter. Desjardins currently has a “Buy” rating and a $81.00 price objective on the stock. Desjardins also issued estimates for Toronto-Dominion Bank’s Q2 2020 earnings at $1.72 EPS, Q3 2020 earnings at $1.76 EPS and FY2021 earnings at $7.20 EPS.

A number of other analysts have also issued reports on the stock. CSFB cut their price target on shares of Toronto-Dominion Bank from C$78.00 to C$76.00 in a research note on Wednesday, October 2nd. Scotiabank cut their price target on shares of Toronto-Dominion Bank from C$83.00 to C$81.00 in a research note on Friday, December 6th. CIBC cut their price target on shares of Toronto-Dominion Bank from C$83.00 to C$81.00 in a research note on Thursday, October 3rd. Eight Capital cut their price target on shares of Toronto-Dominion Bank from C$85.00 to C$84.00 in a research note on Wednesday, September 4th. Finally, Royal Bank of Canada cut their price target on shares of Toronto-Dominion Bank from C$82.00 to C$80.00 and set a “sector perform” rating on the stock in a research note on Monday, October 7th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$80.45.

Shares of TSE:TD opened at C$72.97 on Monday. The firm has a market capitalization of $132.09 billion and a PE ratio of 11.68. The firm’s 50-day moving average is C$75.77 and its two-hundred day moving average is C$75.24. Toronto-Dominion Bank has a 1 year low of C$65.56 and a 1 year high of C$77.96.

In related news, Senior Officer Ajai Bambawale sold 13,908 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$76.90, for a total transaction of C$1,069,525.20.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be paid a dividend of $0.74 per share. The ex-dividend date is Thursday, January 9th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.06%. Toronto-Dominion Bank’s payout ratio is 47.36%.

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.

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

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