Toronto Dominion Bank (NYSE:TD) Releases Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Toronto Dominion Bank (NYSE:TD) (TSE:TD) released its quarterly earnings data on Thursday. The bank reported $1.74 EPS for the quarter, topping the consensus estimate of $1.63 by $0.11, Zacks reports. Toronto Dominion Bank had a return on equity of 14.29% and a net margin of 17.52%.

Toronto Dominion Bank Stock Down 0.5%

Shares of Toronto Dominion Bank stock opened at $112.05 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.09. The company’s fifty day simple moving average is $102.50 and its two-hundred day simple moving average is $95.70. The company has a market cap of $185.57 billion, a P/E ratio of 12.38, a PEG ratio of 1.26 and a beta of 0.71. Toronto Dominion Bank has a 12-month low of $68.03 and a 12-month high of $113.51.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TD shares. Wall Street Zen downgraded shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings raised shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a research note on Friday, March 27th. Zacks Research downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Raymond James Financial upgraded Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Finally, Scotiabank upgraded Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Sivia Capital Partners LLC purchased a new position in Toronto Dominion Bank during the 2nd quarter valued at $259,000. Zevin Asset Management LLC purchased a new position in Toronto Dominion Bank during the 4th quarter valued at $208,000. Gilpin Wealth Management LLC purchased a new position in shares of Toronto Dominion Bank during the 4th quarter worth approximately $75,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Toronto Dominion Bank during the 3rd quarter worth approximately $105,000. Finally, Larson Financial Group LLC grew its holdings in shares of Toronto Dominion Bank by 47.3% during the 3rd quarter. Larson Financial Group LLC now owns 1,050 shares of the bank’s stock worth $84,000 after acquiring an additional 337 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.