Toronto-Dominion Bank (TD) Set to Announce Earnings on Thursday

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Toronto-Dominion Bank (TSE:TD) (NYSE:TD) is scheduled to issue its quarterly earnings data before the market opens on Thursday, December 5th. Analysts expect the company to announce earnings of C$1.73 per share for the quarter.

Shares of TSE:TD opened at C$75.72 on Wednesday. The firm’s 50 day moving average price is C$75.85 and its 200 day moving average price is C$75.27. The stock has a market cap of $138.78 billion and a price-to-earnings ratio of 12.04. Toronto-Dominion Bank has a fifty-two week low of C$65.56 and a fifty-two week high of C$77.96.

In other news, Senior Officer Robert E. Dorrance sold 138,636 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of C$72.63, for a total value of C$10,069,132.68. Following the completion of the transaction, the insider now owns 569,584 shares in the company, valued at approximately C$41,368,885.92. Also, Senior Officer Frank Joseph Mckenna sold 5,000 shares of Toronto-Dominion Bank stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$73.50, for a total transaction of C$367,500.00. Insiders have sold a total of 157,544 shares of company stock worth $11,506,158 in the last three months.

Several research firms have commented on TD. CSFB lowered their price target on shares of Toronto-Dominion Bank from C$78.00 to C$76.00 in a report on Wednesday, October 2nd. Canaccord Genuity reduced their price objective on shares of Toronto-Dominion Bank from C$82.00 to C$81.00 in a report on Friday, August 30th. Eight Capital decreased their price objective on shares of Toronto-Dominion Bank from C$85.00 to C$84.00 in a research report on Wednesday, September 4th. Scotiabank lifted their price objective on shares of Toronto-Dominion Bank from C$82.00 to C$83.00 in a research report on Wednesday, November 20th. Finally, CIBC lowered their target price on shares of Toronto-Dominion Bank from C$83.00 to C$81.00 in a research note on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$81.18.

About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.

Further Reading: How is the Producer Price Index calculated?

Earnings History for Toronto-Dominion Bank (TSE:TD)

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