Toronto-Dominion Bank (TSE:TD) Releases Earnings Results

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) posted its quarterly earnings results on Thursday. The company reported C$2.38 earnings per share (EPS) for the quarter, FiscalAI reports. Toronto-Dominion Bank had a net margin of 19.11% and a return on equity of 17.26%. The company had revenue of C$16.04 billion during the quarter.

Toronto-Dominion Bank Stock Performance

TD stock opened at C$155.13 on Thursday. The stock has a market capitalization of C$258.89 billion, a P/E ratio of 12.56, a PEG ratio of 1.22 and a beta of 0.92. Toronto-Dominion Bank has a one year low of C$94.05 and a one year high of C$157.16. The company has a 50 day moving average price of C$141.00 and a two-hundred day moving average price of C$131.77.

Toronto-Dominion Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 30th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, April 9th. Toronto-Dominion Bank’s payout ratio is presently 34.25%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TD shares. Royal Bank Of Canada dropped their price objective on shares of Toronto-Dominion Bank from C$148.00 to C$138.00 and set an “outperform” rating for the company in a research note on Wednesday, March 25th. Canadian Imperial Bank of Commerce raised their price objective on shares of Toronto-Dominion Bank from C$142.00 to C$151.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Jefferies Financial Group raised their price objective on shares of Toronto-Dominion Bank from C$134.00 to C$142.00 in a research note on Wednesday, May 20th. Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from C$142.00 to C$150.00 in a research note on Monday, May 4th. Finally, BMO Capital Markets lifted their target price on shares of Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$144.96.

Toronto-Dominion Bank Company Profile

TD Asset Management Inc (‘TDAM’), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.