Q2 2018 EPS Estimates for Toronto-Dominion Bank Lowered by National Bank Financial (TD)

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Research analysts at National Bank Financial decreased their Q2 2018 EPS estimates for shares of Toronto-Dominion Bank in a research note issued on Thursday. National Bank Financial analyst G. Dechaine now expects that the company will post earnings of $1.39 per share for the quarter, down from their prior estimate of $1.40. National Bank Financial currently has a “Outperform” rating and a $78.00 price target on the stock. National Bank Financial also issued estimates for Toronto-Dominion Bank’s FY2019 earnings at $6.34 EPS.

Several other analysts also recently commented on the stock. Royal Bank Of Canada upped their price target on shares of Toronto-Dominion Bank from C$72.00 to C$78.00 and gave the company a “sector perform” rating in a research report on Friday, December 1st. Eight Capital upped their price target on shares of Toronto-Dominion Bank from C$73.00 to C$76.00 in a research report on Friday, December 1st. CSFB upped their price target on shares of Toronto-Dominion Bank from C$75.00 to C$77.00 in a research report on Friday, December 1st. Canaccord Genuity upped their price target on shares of Toronto-Dominion Bank from C$78.00 to C$80.00 in a research report on Friday, December 1st. Finally, BMO Capital Markets upped their price target on shares of Toronto-Dominion Bank from C$74.00 to C$76.00 in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Toronto-Dominion Bank has an average rating of “Buy” and a consensus price target of C$75.31.

Toronto-Dominion Bank (TD) traded down C$0.97 during mid-day trading on Monday, reaching C$72.43. 4,597,873 shares of the company traded hands, compared to its average volume of 3,625,727. Toronto-Dominion Bank has a 1 year low of C$61.50 and a 1 year high of C$75.09.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $2.40 dividend on an annualized basis and a yield of 3.31%. Toronto-Dominion Bank’s payout ratio is currently 42.81%.

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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 (TSE:TD)

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