Equities research analysts predict that Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) will report earnings of $1.08 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Toronto Dominion Bank (The)’s earnings, with the highest EPS estimate coming in at $1.09 and the lowest estimate coming in at $1.05. Toronto Dominion Bank (The) reported earnings of $0.97 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 11.3%. The business is expected to announce its next earnings results before the market opens on Thursday, August 31st.

According to Zacks, analysts expect that Toronto Dominion Bank (The) will report full-year earnings of $4.24 per share for the current year, with EPS estimates ranging from $4.21 to $4.30. For the next financial year, analysts expect that the business will report earnings of $4.53 per share, with EPS estimates ranging from $4.46 to $4.62. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Toronto Dominion Bank (The).

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, May 25th. The bank reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.08. Toronto Dominion Bank (The) had a net margin of 22.56% and a return on equity of 14.09%. The business had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $8.72 billion. During the same period in the previous year, the business earned $1.20 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis.

A number of brokerages have commented on TD. BidaskClub raised Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Investment Research lowered Toronto Dominion Bank (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Canaccord Genuity began coverage on Toronto Dominion Bank (The) in a report on Tuesday, July 18th. They set a “buy” rating for the company. Howard Weil raised Toronto Dominion Bank (The) to an “outperform” rating in a report on Monday, August 21st. Finally, Scotiabank raised Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a report on Monday, August 21st. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Toronto Dominion Bank (The) has an average rating of “Buy” and a consensus target price of $63.60.

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Institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC raised its position in Toronto Dominion Bank (The) by 10.3% in the first quarter. Janney Montgomery Scott LLC now owns 23,929 shares of the bank’s stock valued at $1,199,000 after buying an additional 2,228 shares in the last quarter. IFP Advisors Inc raised its position in Toronto Dominion Bank (The) by 6.8% in the first quarter. IFP Advisors Inc now owns 9,694 shares of the bank’s stock valued at $486,000 after buying an additional 618 shares in the last quarter. Hennessy Advisors Inc. raised its position in Toronto Dominion Bank (The) by 75.7% in the first quarter. Hennessy Advisors Inc. now owns 102,100 shares of the bank’s stock valued at $5,114,000 after buying an additional 44,000 shares in the last quarter. Wetherby Asset Management Inc. raised its position in Toronto Dominion Bank (The) by 4.6% in the first quarter. Wetherby Asset Management Inc. now owns 20,725 shares of the bank’s stock valued at $1,038,000 after buying an additional 911 shares in the last quarter. Finally, Exane Derivatives raised its position in Toronto Dominion Bank (The) by 21.3% in the first quarter. Exane Derivatives now owns 28,500 shares of the bank’s stock valued at $1,414,000 after buying an additional 5,000 shares in the last quarter. 52.43% of the stock is owned by institutional investors.

Shares of Toronto Dominion Bank (NYSE:TD) opened at 51.94 on Monday. The company’s 50 day moving average is $51.13 and its 200-day moving average is $49.80. The company has a market capitalization of $95.75 billion, a PE ratio of 13.03 and a beta of 0.89. Toronto Dominion Bank has a 52 week low of $43.09 and a 52 week high of $54.44.

About Toronto Dominion Bank (The)

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

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