Cormark Predicts Weaker Earnings for Toronto-Dominion Bank

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Research analysts at Cormark lowered their FY2025 EPS estimates for shares of Toronto-Dominion Bank in a research report issued to clients and investors on Friday, December 6th. Cormark analyst L. Persaud now expects that the company will earn $7.91 per share for the year, down from their previous estimate of $8.10. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $7.22 per share. Cormark also issued estimates for Toronto-Dominion Bank’s FY2026 earnings at $8.56 EPS.

A number of other equities analysts have also commented on the stock. Canaccord Genuity Group reduced their target price on shares of Toronto-Dominion Bank from C$89.00 to C$87.00 in a research report on Friday. BMO Capital Markets raised their target price on shares of Toronto-Dominion Bank from C$84.00 to C$94.00 in a research note on Monday, November 18th. Desjardins lowered Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a research report on Thursday. National Bank Financial upgraded Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 22nd. Finally, Jefferies Financial Group lifted their target price on shares of Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the stock a “hold” rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$86.00.

Toronto-Dominion Bank Stock Down 0.7 %

TD opened at C$73.51 on Monday. The business has a fifty day moving average of C$80.01 and a 200 day moving average of C$79.19. Toronto-Dominion Bank has a 52-week low of C$73.22 and a 52-week high of C$87.99. The stock has a market cap of C$128.64 billion, a P/E ratio of 17.02, a PEG ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st were paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date was Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 94.44%.

About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.