Toronto Dominion Bank (The) (TD) Given Daily News Sentiment Rating of 0.22
Media stories about Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) have been trending somewhat positive on Sunday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Toronto Dominion Bank (The) earned a news impact score of 0.22 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 47.673930972996 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Stock Buyback Program Approved by Toronto Dominion Bank (The) (TD) Board of Directors (americanbankingnews.com)
- TD Bank’s Q3 profit rises 17% to $2.77 billion (investmentexecutive.com)
- Why Toronto-Dominion Bank Is up Over 2% (fool.ca)
- Financialinsiders.com Earnings Recap Week Ending September 1st, 2017 – Markets Insider (markets.businessinsider.com)
- TD Bank exceeds estimates in third quarter – Article – BNN – BNN (bnn.ca)
Toronto Dominion Bank (TD) traded up 1.66% during midday trading on Friday, hitting $54.50. The stock had a trading volume of 2,871,245 shares. The company has a 50-day moving average price of $51.38 and a 200-day moving average price of $49.82. Toronto Dominion Bank has a 12-month low of $43.09 and a 12-month high of $54.54. The company has a market cap of $100.47 billion, a price-to-earnings ratio of 13.66 and a beta of 0.88.
Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, August 31st. The bank reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.06. Toronto Dominion Bank (The) had a return on equity of 14.67% and a net margin of 22.85%. The company had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.05 billion. During the same period in the previous year, the business earned $1.27 EPS. Toronto Dominion Bank (The)’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities analysts anticipate that Toronto Dominion Bank will post $4.32 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th will be given a $0.475 dividend. This is a positive change from Toronto Dominion Bank (The)’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.90 annualized dividend and a dividend yield of 3.49%. Toronto Dominion Bank (The)’s dividend payout ratio (DPR) is presently 46.37%.
Toronto Dominion Bank (The) declared that its Board of Directors has approved a stock repurchase program on Thursday, August 31st that permits the company to repurchase 20,000,000 shares. This repurchase authorization permits the bank to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.
A number of equities analysts recently issued reports on the company. National Bank Financial raised Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a report on Friday. BidaskClub raised Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Zacks Investment Research downgraded Toronto Dominion Bank (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Canaccord Genuity reaffirmed a “buy” rating and issued a $72.00 price target on shares of Toronto Dominion Bank (The) in a report on Thursday. Finally, Howard Weil raised Toronto Dominion Bank (The) to an “outperform” rating in a report on Monday, August 21st. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Toronto Dominion Bank (The) currently has an average rating of “Buy” and an average price target of $65.20.
Toronto Dominion Bank (The) Company Profile
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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