Toronto-Dominion Bank (NYSE:TD) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) announced its earnings results on Thursday. The bank reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.03, Zacks reports. Toronto-Dominion Bank had a return on equity of 13.96% and a net margin of 7.37%.

Toronto-Dominion Bank Stock Performance

NYSE:TD traded down $0.40 during mid-day trading on Thursday, reaching $59.33. The stock had a trading volume of 653,176 shares, compared to its average volume of 2,540,223. Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91. The business has a 50 day simple moving average of $56.46 and a 200 day simple moving average of $57.61. The firm has a market capitalization of $103.95 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.95 and a beta of 0.84. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were paid a dividend of $0.7482 per share. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.04%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Friday, January 10th. Toronto-Dominion Bank’s payout ratio is 83.86%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Desjardins downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Royal Bank of Canada dropped their price objective on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Friday, December 6th. Scotiabank downgraded shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, December 6th. Finally, Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $80.50.

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.