Desjardins Cuts Earnings Estimates for Toronto Dominion Bank

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) – Desjardins lowered their FY2026 EPS estimates for shares of Toronto Dominion Bank in a note issued to investors on Tuesday, November 11th. Desjardins analyst D. Young now expects that the bank will post earnings of $6.32 per share for the year, down from their prior forecast of $6.35. Desjardins has a “Buy” rating on the stock. The consensus estimate for Toronto Dominion Bank’s current full-year earnings is $5.48 per share.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.45. The business had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $13.73 billion. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.05 earnings per share.

Several other research analysts have also recently weighed in on TD. Zacks Research cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Royal Bank Of Canada raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $93.00.

Toronto Dominion Bank Stock Down 0.2%

Shares of TD stock traded down $0.16 during mid-day trading on Friday, hitting $81.19. The company’s stock had a trading volume of 749,368 shares, compared to its average volume of 2,034,082. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $82.93. The business has a 50-day moving average price of $79.64 and a 200 day moving average price of $73.98. The stock has a market cap of $137.73 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 1.68 and a beta of 0.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 10th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $4.20 annualized dividend and a dividend yield of 5.2%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s dividend payout ratio is presently 35.16%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Toronto Dominion Bank by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 77,187,442 shares of the bank’s stock worth $5,677,291,000 after acquiring an additional 2,552,603 shares during the last quarter. TD Asset Management Inc increased its position in shares of Toronto Dominion Bank by 0.7% during the third quarter. TD Asset Management Inc now owns 37,612,007 shares of the bank’s stock worth $3,008,096,000 after acquiring an additional 246,999 shares during the period. Mackenzie Financial Corp raised its stake in shares of Toronto Dominion Bank by 4.5% during the first quarter. Mackenzie Financial Corp now owns 29,252,736 shares of the bank’s stock valued at $1,752,806,000 after acquiring an additional 1,262,062 shares in the last quarter. 1832 Asset Management L.P. grew its stake in Toronto Dominion Bank by 0.5% in the second quarter. 1832 Asset Management L.P. now owns 22,548,848 shares of the bank’s stock worth $1,656,213,000 after purchasing an additional 101,678 shares in the last quarter. Finally, Canerector Inc. increased its holdings in Toronto Dominion Bank by 11,028.0% during the 3rd quarter. Canerector Inc. now owns 22,256,000 shares of the bank’s stock worth $1,779,367,000 after purchasing an additional 22,056,000 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.

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.