FY2022 EPS Estimates for The Toronto-Dominion Bank Increased by National Bank Financial (TSE:TD)

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Equities researchers at National Bank Financial increased their FY2022 earnings estimates for Toronto-Dominion Bank in a research note issued to investors on Monday, November 22nd. National Bank Financial analyst G. Dechaine now expects that the company will earn $7.84 per share for the year, up from their previous estimate of $7.75. National Bank Financial currently has a “Outperform” rating on the stock. National Bank Financial also issued estimates for Toronto-Dominion Bank’s FY2023 earnings at $8.13 EPS.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its earnings results on Thursday, August 26th. The company reported C$1.96 EPS for the quarter, missing the Zacks’ consensus estimate of C$1.97 by C($0.01). The business had revenue of C$10.71 billion during the quarter, compared to the consensus estimate of C$9.77 billion.

A number of other equities research analysts have also recently weighed in on TD. Barclays raised Toronto-Dominion Bank from an “equal weight” rating to an “overweight” rating and set a C$89.00 price target on the stock in a report on Tuesday, September 7th. National Bankshares raised Toronto-Dominion Bank from a “sector perform” rating to a “buy” rating and lifted their price target for the company from C$89.00 to C$93.00 in a report on Friday, October 1st. Royal Bank of Canada reaffirmed a “$91.00” rating on shares of Toronto-Dominion Bank in a report on Friday, August 27th. BMO Capital Markets reaffirmed a “market perfom” rating on shares of Toronto-Dominion Bank in a report on Monday, August 30th. Finally, CIBC lifted their price target on Toronto-Dominion Bank from C$99.00 to C$108.00 in a report on Monday. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of C$91.37.

TD opened at C$96.11 on Wednesday. The business’s 50 day moving average is C$88.18 and its 200-day moving average is C$86.46. The stock has a market cap of C$174.92 billion and a PE ratio of 11.33. Toronto-Dominion Bank has a twelve month low of C$69.28 and a twelve month high of C$96.39.

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. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network.

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

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