Cormark Has Negative Forecast for TD FY2025 Earnings

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) – Equities research analysts at Cormark cut their FY2025 EPS estimates for Toronto-Dominion Bank in a note issued to investors on Friday, February 21st. Cormark analyst L. Persaud now expects that the bank will post earnings of $5.43 per share for the year, down from their prior estimate of $5.62. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $5.48 per share. Cormark also issued estimates for Toronto-Dominion Bank’s FY2026 earnings at $6.02 EPS.

TD has been the topic of a number of other reports. Scotiabank cut shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Price Performance

Shares of TD stock opened at $59.59 on Monday. The company has a market capitalization of $104.40 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.95 and a beta of 0.84. The firm has a fifty day simple moving average of $56.30 and a 200-day simple moving average of $57.59. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91.

Hedge Funds Weigh In On Toronto-Dominion Bank

Large investors have recently bought and sold shares of the company. Dunhill Financial LLC lifted its holdings in Toronto-Dominion Bank by 164.9% during the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after purchasing an additional 249 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in Toronto-Dominion Bank in the fourth quarter worth approximately $27,000. Bank of Jackson Hole Trust bought a new stake in shares of Toronto-Dominion Bank during the fourth quarter valued at approximately $32,000. CoreCap Advisors LLC boosted its position in Toronto-Dominion Bank by 57.5% in the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank’s stock worth $34,000 after purchasing an additional 230 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock valued at $37,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors 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 yield of 5.02%. This is a boost 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 dividend payout ratio is presently 83.86%.

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.