Desjardins Has Optimistic Outlook of TSE:TD FY2025 Earnings

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Equities researchers at Desjardins boosted their FY2025 earnings per share estimates for Toronto-Dominion Bank in a research note issued to investors on Tuesday, February 4th. Desjardins analyst D. Young now anticipates that the company will post earnings per share of $7.85 for the year, up from their previous estimate of $7.80. Desjardins currently has a “Hold” rating on the stock. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $7.22 per share. Desjardins also issued estimates for Toronto-Dominion Bank’s FY2026 earnings at $8.60 EPS.

Several other equities analysts have also issued reports on TD. Cormark cut their target price on Toronto-Dominion Bank from C$99.00 to C$94.00 in a research note on Friday, December 6th. Canaccord Genuity Group raised their price target on Toronto-Dominion Bank from C$87.00 to C$89.00 in a report on Monday, December 16th. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 price target for the company in a report on Thursday, December 19th. Scotiabank downgraded Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$98.00 to C$81.00 in a report on Friday, December 6th. Finally, Royal Bank of Canada raised their price target on Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$86.83.

Toronto-Dominion Bank Trading Up 0.7 %

Shares of Toronto-Dominion Bank stock opened at C$82.86 on Friday. The firm has a market cap of C$145.01 billion, a P/E ratio of 19.18, a P/E/G ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 12 month low of C$73.22 and a 12 month high of C$87.99. The stock’s fifty day moving average price is C$78.59 and its 200-day moving average price is C$80.01.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $4.20 dividend on an annualized basis and a yield of 5.07%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. Toronto-Dominion Bank’s payout ratio is 94.44%.

Toronto-Dominion Bank Company Profile

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.