Equities research analysts expect that Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) will report $1.11 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Toronto Dominion Bank (The)’s earnings, with the highest EPS estimate coming in at $1.14 and the lowest estimate coming in at $1.08. Toronto Dominion Bank (The) reported earnings of $0.93 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 19.4%. The firm is expected to announce its next earnings report before the market opens on Thursday, November 30th.

On average, analysts expect that Toronto Dominion Bank (The) will report full year earnings of $4.44 per share for the current fiscal year, with EPS estimates ranging from $4.34 to $4.50. For the next year, analysts anticipate that the firm will post earnings of $4.71 per share, with EPS estimates ranging from $4.55 to $4.79. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Toronto Dominion Bank (The).

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, August 31st. The bank reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.06. Toronto Dominion Bank (The) had a return on equity of 14.71% and a net margin of 22.85%. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.05 billion. During the same quarter last year, the company earned $1.27 EPS. The business’s quarterly revenue was up 6.7% on a year-over-year basis.

TD has been the topic of several research analyst reports. Bank of America Corporation reaffirmed a “buy” rating on shares of Toronto Dominion Bank (The) in a research report on Friday, September 1st. BidaskClub raised Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Scotiabank raised Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 21st. Zacks Investment Research lowered Toronto Dominion Bank (The) from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Macquarie initiated coverage on Toronto Dominion Bank (The) in a research report on Tuesday, October 24th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $66.33.

Several institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its stake in shares of Toronto Dominion Bank (The) by 2.4% in the third quarter. Wells Fargo & Company MN now owns 1,411,173 shares of the bank’s stock valued at $79,406,000 after buying an additional 33,016 shares in the last quarter. Taylor Asset Management Inc. boosted its stake in shares of Toronto Dominion Bank (The) by 0.9% in the third quarter. Taylor Asset Management Inc. now owns 492,500 shares of the bank’s stock valued at $27,723,000 after buying an additional 4,200 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Toronto Dominion Bank (The) by 18.9% in the third quarter. Schroder Investment Management Group now owns 7,909,119 shares of the bank’s stock valued at $555,292,000 after buying an additional 1,256,500 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Toronto Dominion Bank (The) by 13.9% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 317,398 shares of the bank’s stock valued at $17,828,000 after buying an additional 38,674 shares in the last quarter. Finally, Virginia Retirement Systems ET AL boosted its stake in shares of Toronto Dominion Bank (The) by 20.4% in the third quarter. Virginia Retirement Systems ET AL now owns 397,500 shares of the bank’s stock valued at $22,328,000 after buying an additional 67,300 shares in the last quarter. Hedge funds and other institutional investors own 47.65% of the company’s stock.

Toronto Dominion Bank (TD) opened at $57.33 on Friday. The company has a market capitalization of $105,979.84, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 1.47 and a beta of 0.89. Toronto Dominion Bank has a 12-month low of $45.18 and a 12-month high of $57.79. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96.

Toronto Dominion Bank (The) announced that its board has authorized a share buyback plan on Thursday, August 31st that allows the company to repurchase 20,000,000 outstanding shares. This repurchase authorization allows the bank to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were paid a $0.475 dividend. This is an increase from Toronto Dominion Bank (The)’s previous quarterly dividend of $0.44. This represents a $1.90 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Thursday, October 5th. Toronto Dominion Bank (The)’s dividend payout ratio (DPR) is 46.62%.

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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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