Headlines about Toronto-Dominion Bank (NYSE:TD) (TSE:TD) have trended somewhat positive this week, according to AlphaOne. The research group, a subsidiary of Accern, rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Toronto-Dominion Bank earned a coverage optimism score of 0.01 on AlphaOne’s scale. AlphaOne also assigned media stories about the bank an impact score of 7 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Alpha One Sentiment’s scoring:
- Toronto Dominion Bank : Skimmers strike at TD Bank (4-traders.com)
- Are the Big Banks a Good Buy Before Earnings? (fool.ca)
- Toronto Dominion Bank : Community Shredding Event (4-traders.com)
- Toronto-Dominion Bank (TD) to Post FY2017 Earnings of $3.78 Per Share, Cormark Forecasts (americanbankingnews.com)
- What Analysts Suggest About Toronto-Dominion Bank (NYSE:TD)? – ExpertGazette (expertgazette.com)
TD has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. Royal Bank of Canada cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $73.00 to $68.00 in a research report on Monday, March 13th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. Toronto-Dominion Bank has an average rating of “Hold” and a consensus target price of $61.43.
Toronto-Dominion Bank (NYSE:TD) traded up 1.48% during midday trading on Friday, hitting $46.64. 1,180,695 shares of the stock were exchanged. The stock has a market cap of $86.58 billion, a PE ratio of 13.18 and a beta of 0.97. Toronto-Dominion Bank has a 1-year low of $41.36 and a 1-year high of $54.44. The company’s 50 day moving average is $47.98 and its 200-day moving average is $49.32.
Toronto-Dominion Bank (NYSE:TD) last posted its quarterly earnings results on Thursday, March 2nd. The bank reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. Toronto-Dominion Bank had a return on equity of 18.23% and a net margin of 21.61%. The business had revenue of $9.12 billion for the quarter, compared to the consensus estimate of $8.47 billion. During the same quarter in the prior year, the company earned $1.18 EPS. The business’s revenue was up 5.9% compared to the same quarter last year. On average, analysts expect that Toronto-Dominion Bank will post $3.85 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Sunday, April 30th. Shareholders of record on Monday, April 10th were issued a $0.451 dividend. This represents a $1.80 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend was Thursday, April 6th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.41. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 46.07%.
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About Toronto-Dominion Bank
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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