Toronto-Dominion Bank to Post Q3 2018 Earnings of $1.60 Per Share, Desjardins Forecasts (TD)
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Investment analysts at Desjardins boosted their Q3 2018 EPS estimates for shares of Toronto-Dominion Bank in a research note issued on Thursday, August 9th. Desjardins analyst D. Young now expects that the company will earn $1.60 per share for the quarter, up from their previous forecast of $1.55. Desjardins also issued estimates for Toronto-Dominion Bank’s FY2018 earnings at $6.30 EPS and FY2019 earnings at $6.80 EPS.
Several other analysts have also recently weighed in on TD. National Bank Financial boosted their price objective on Toronto-Dominion Bank from C$82.00 to C$84.00 and gave the stock an “outperform” rating in a report on Friday, May 25th. Royal Bank of Canada boosted their price objective on Toronto-Dominion Bank from C$84.00 to C$89.00 and gave the stock a “sector perform” rating in a report on Friday, May 25th. Cormark boosted their price objective on Toronto-Dominion Bank from C$80.00 to C$81.00 in a report on Friday, May 25th. BMO Capital Markets boosted their price objective on Toronto-Dominion Bank from C$79.00 to C$82.00 and gave the stock an “outperform” rating in a report on Friday, May 25th. Finally, CIBC dropped their price objective on Toronto-Dominion Bank from C$85.00 to C$84.00 in a report on Monday, June 11th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Toronto-Dominion Bank has a consensus rating of “Buy” and an average target price of C$83.36.
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings results on Thursday, May 24th. The company reported C$1.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.50 by C$0.12. The business had revenue of C$9.47 billion for the quarter, compared to the consensus estimate of C$9.25 billion. Toronto-Dominion Bank had a net margin of 23.57% and a return on equity of 13.38%.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 31st. Shareholders of record on Tuesday, July 10th were issued a dividend of $0.67 per share. The ex-dividend date was Monday, July 9th. This represents a $2.68 annualized dividend and a yield of 3.46%.
About Toronto-Dominion Bank
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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