Q1 2018 EPS Estimates for Toronto Dominion Bank (The) (TD) Reduced by Analyst

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) – National Bank Financial decreased their Q1 2018 earnings per share (EPS) estimates for Toronto Dominion Bank in a research note issued to investors on Thursday. National Bank Financial analyst G. Dechaine now anticipates that the bank will post earnings per share of $1.09 for the quarter, down from their prior forecast of $1.15. National Bank Financial has a “Outperform” rating on the stock. National Bank Financial also issued estimates for Toronto Dominion Bank’s FY2018 earnings at $4.57 EPS and FY2019 earnings at $4.95 EPS.

Several other brokerages have also recently issued reports on TD. Canaccord Genuity reaffirmed a “buy” rating and set a $80.00 price objective on shares of Toronto Dominion Bank in a research note on Thursday, November 30th. Macquarie started coverage on shares of Toronto Dominion Bank in a report on Tuesday, October 24th. They issued an “outperform” rating on the stock. BidaskClub upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Zacks Investment Research upgraded shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Wednesday, August 9th. Finally, Scotiabank restated a “buy” rating and issued a $83.00 price objective on shares of Toronto Dominion Bank in a report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $72.50.

Shares of Toronto Dominion Bank (TD) traded down $0.77 during midday trading on Monday, reaching $57.04. 1,307,300 shares of the company traded hands, compared to its average volume of 1,484,373. Toronto Dominion Bank has a one year low of $45.18 and a one year high of $58.76. The stock has a market cap of $106,513.20, a PE ratio of 13.67, a PEG ratio of 1.57 and a beta of 0.88. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.93 and a current ratio of 0.93.

A number of institutional investors have recently added to or reduced their stakes in TD. Parallel Advisors LLC increased its position in shares of Toronto Dominion Bank by 10.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,151 shares of the bank’s stock valued at $111,000 after purchasing an additional 196 shares during the last quarter. Advisory Services Network LLC grew its position in shares of Toronto Dominion Bank by 26.1% in the 2nd quarter. Advisory Services Network LLC now owns 2,353 shares of the bank’s stock valued at $119,000 after buying an additional 487 shares during the last quarter. Ropes Wealth Advisors LLC grew its position in shares of Toronto Dominion Bank by 18.8% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 2,376 shares of the bank’s stock valued at $120,000 after buying an additional 376 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Toronto Dominion Bank by 3.7% in the 2nd quarter. Teachers Advisors LLC now owns 2,556 shares of the bank’s stock valued at $129,000 after buying an additional 92 shares during the last quarter. Finally, Proficio Capital Partners LLC grew its position in shares of Toronto Dominion Bank by 31.8% in the 2nd quarter. Proficio Capital Partners LLC now owns 2,752 shares of the bank’s stock valued at $141,000 after buying an additional 664 shares during the last quarter. Institutional investors own 48.66% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be issued a dividend of $0.466 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.86 dividend on an annualized basis and a yield of 3.27%. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 44.18%.

Toronto Dominion Bank declared that its board has approved a share buyback plan on Thursday, August 31st that authorizes the company to repurchase 20,000,000 outstanding shares. This repurchase authorization authorizes the bank to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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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.

Earnings History and Estimates for Toronto Dominion Bank (NYSE:TD)

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