Cormark Has Pessimistic Outlook of TSE:TD FY2025 Earnings

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Analysts at Cormark dropped their FY2025 earnings per share (EPS) estimates for Toronto-Dominion Bank in a report issued on Friday, February 21st. Cormark analyst L. Persaud now anticipates that the company will post earnings of $7.76 per share for the year, down from their previous forecast of $7.91. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $7.22 per share.

TD has been the subject of a number of other research reports. Canaccord Genuity Group increased their price objective on Toronto-Dominion Bank from C$87.00 to C$89.00 in a research report on Monday, December 16th. UBS Group boosted their target price on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a research note on Friday, February 14th. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating and upped their price target for the stock from C$90.00 to C$99.00 in a research note on Tuesday, February 18th. Desjardins downgraded shares of Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, CIBC upped their price target on shares of Toronto-Dominion Bank from C$90.00 to C$94.00 in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$88.67.

Toronto-Dominion Bank Price Performance

Shares of TD stock opened at C$85.27 on Monday. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$87.99. The firm has a market capitalization of C$149.60 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The business has a 50 day simple moving average of C$80.77 and a 200 day simple moving average of C$80.50.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 4.93%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. The ex-dividend date was Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio is 80.84%.

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.