Research Analysts Issue Forecasts for Toronto-Dominion Bank’s Q2 2018 Earnings (TD)

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Equities researchers at Cormark issued their Q2 2018 earnings estimates for shares of Toronto-Dominion Bank in a research report issued to clients and investors on Friday. Cormark analyst M. Grauman forecasts that the company will post earnings per share of $1.41 for the quarter. Cormark also issued estimates for Toronto-Dominion Bank’s Q3 2018 earnings at $1.48 EPS, FY2018 earnings at $5.86 EPS, Q1 2019 earnings at $1.54 EPS, Q2 2019 earnings at $1.48 EPS, Q3 2019 earnings at $1.55 EPS, Q4 2019 earnings at $1.59 EPS and FY2019 earnings at $6.16 EPS.

Several other analysts have also recently issued reports on the company. Royal Bank Of Canada increased their target price on Toronto-Dominion Bank from C$72.00 to C$78.00 and gave the stock a “sector perform” rating in a research report on Friday. National Bank Financial increased their target price on Toronto-Dominion Bank from C$74.00 to C$78.00 and gave the stock an “outperform” rating in a research report on Friday. Eight Capital increased their target price on Toronto-Dominion Bank from C$73.00 to C$76.00 in a research report on Friday. CSFB increased their target price on Toronto-Dominion Bank from C$75.00 to C$77.00 in a research report on Friday. Finally, Canaccord Genuity increased their target price on Toronto-Dominion Bank from C$78.00 to C$80.00 in a research report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Toronto-Dominion Bank has a consensus rating of “Buy” and an average target price of C$75.31.

Shares of Toronto-Dominion Bank (TSE TD) opened at C$73.32 on Monday. Toronto-Dominion Bank has a 1 year low of C$61.50 and a 1 year high of C$75.09.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Tuesday, January 9th. Toronto-Dominion Bank’s dividend payout ratio is presently 41.82%.

In other Toronto-Dominion Bank news, insider Theresa Lynn Currie sold 2,128 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of C$66.86, for a total transaction of C$142,278.08.

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About Toronto-Dominion Bank

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

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

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