Q1 2018 EPS Estimates for Toronto-Dominion Bank Boosted by National Bank Financial (TD)

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – National Bank Financial increased their Q1 2018 EPS estimates for Toronto-Dominion Bank in a research note issued on Monday. National Bank Financial analyst G. Dechaine now forecasts that the company will post earnings per share of $1.42 for the quarter, up from their prior estimate of $1.39. National Bank Financial currently has a “Outperform” rating and a $80.00 price target on the stock. National Bank Financial also issued estimates for Toronto-Dominion Bank’s Q2 2018 earnings at $1.41 EPS, Q3 2018 earnings at $1.59 EPS, FY2018 earnings at $5.97 EPS and FY2019 earnings at $6.56 EPS.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings data on Thursday, November 30th. The company reported C$1.36 EPS for the quarter, missing the consensus estimate of C$1.41 by C($0.05). Toronto-Dominion Bank had a net margin of 28.14% and a return on equity of 15.43%.

TD has been the subject of several other research reports. CIBC raised shares of Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from C$79.00 to C$84.00 in a research note on Thursday. BMO Capital Markets boosted their price objective on shares of Toronto-Dominion Bank from C$74.00 to C$76.00 in a research note on Friday, December 1st. CSFB boosted their price target on shares of Toronto-Dominion Bank from C$75.00 to C$77.00 in a research note on Friday, December 1st. Royal Bank of Canada boosted their price target on shares of Toronto-Dominion Bank from C$72.00 to C$78.00 and gave the stock a “sector perform” rating in a research note on Friday, December 1st. Finally, Eight Capital boosted their price target on shares of Toronto-Dominion Bank from C$73.00 to C$76.00 in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of C$76.58.

Toronto-Dominion Bank (TSE:TD) opened at C$74.57 on Wednesday. The company has a market cap of $137,390.00, a P/E ratio of 13.58 and a beta of 0.55. Toronto-Dominion Bank has a 12 month low of C$61.50 and a 12 month high of C$75.21.

In other news, insider Theresa Lynn Currie sold 59,560 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of C$72.64, for a total value of C$4,326,438.40. Also, insider Robert E. Dorrance sold 374,400 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of C$73.69, for a total transaction of C$27,589,536.00.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th were paid a $0.60 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $2.40 dividend on an annualized basis and a yield of 3.22%. Toronto-Dominion Bank’s dividend payout ratio is presently 42.81%.

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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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