Toronto-Dominion Bank (TD) Scheduled to Post Quarterly Earnings on Thursday

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) will be announcing its earnings results before the market opens on Thursday, August 22nd. Analysts expect the company to announce earnings of C$2.03 per share for the quarter.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its earnings results on Thursday, May 23rd. The company reported C$2.04 EPS for the quarter, topping the consensus estimate of C$1.84 by C$0.20. The firm had revenue of C$13.82 billion for the quarter, compared to analyst estimates of C$13.38 billion. Toronto-Dominion Bank had a return on equity of 9.89% and a net margin of 21.91%.

Toronto-Dominion Bank Price Performance

TD opened at C$80.91 on Wednesday. Toronto-Dominion Bank has a 1 year low of C$73.67 and a 1 year high of C$86.89. The stock has a market cap of C$142.40 billion, a P/E ratio of 13.55, a P/E/G ratio of 1.08 and a beta of 0.82. The firm has a fifty day moving average price of C$77.58 and a 200 day moving average price of C$78.69.

Toronto-Dominion Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 5.04%. The ex-dividend date was Wednesday, July 10th. Toronto-Dominion Bank’s payout ratio is currently 68.34%.

Analysts Set New Price Targets

TD has been the topic of a number of research reports. Royal Bank of Canada raised their price target on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. National Bank Financial lowered shares of Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 23rd. Desjardins dropped their target price on Toronto-Dominion Bank from C$93.00 to C$91.00 and set a “buy” rating for the company in a research report on Friday, May 24th. National Bankshares lowered their price objective on Toronto-Dominion Bank from C$75.00 to C$74.00 and set an “underperform” rating for the company in a research report on Friday, August 16th. Finally, Jefferies Financial Group increased their target price on Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the company a “hold” rating in a report on Monday, August 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Toronto-Dominion Bank currently has a consensus rating of “Moderate Buy” and an average target price of C$86.90.

About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.