Toronto-Dominion Bank (TD) Posts Quarterly Earnings Results, Beats Estimates By $0.43 EPS
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) issued its quarterly earnings data on Thursday. The bank reported $1.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.43, Briefing.com reports. Toronto-Dominion Bank had a net margin of 22.03% and a return on equity of 16.50%. During the same period in the previous year, the firm posted $1.51 EPS.
NYSE TD opened at $60.47 on Friday. Toronto-Dominion Bank has a 12 month low of $51.10 and a 12 month high of $61.47. The company has a market cap of $111.66 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 1.23 and a beta of 0.96. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11.
Separately, Zacks Investment Research upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Friday, May 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $79.00.
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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