What is Cormark’s Forecast for TSE:TD FY2024 Earnings?

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Equities researchers at Cormark lifted their FY2024 earnings estimates for Toronto-Dominion Bank in a note issued to investors on Monday, November 25th. Cormark analyst L. Persaud now anticipates that the company will earn $7.90 per share for the year, up from their previous estimate of $7.89. 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 $8.74 EPS.

Other equities research analysts also recently issued research reports about the stock. Jefferies Financial Group increased their target price on shares of Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the company a “hold” rating in a research note on Monday, August 12th. National Bank Financial upgraded shares of Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a report on Thursday, August 22nd. National Bankshares upgraded shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating and upped their price target for the stock from C$74.00 to C$78.00 in a report on Friday, August 23rd. Desjardins cut their price target on shares of Toronto-Dominion Bank from C$91.00 to C$90.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Finally, BMO Capital Markets upped their price target on shares of Toronto-Dominion Bank from C$84.00 to C$94.00 in a report on Monday, November 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$87.42.

Toronto-Dominion Bank Trading Up 1.1 %

Shares of TD opened at C$78.63 on Tuesday. Toronto-Dominion Bank has a twelve month low of C$73.67 and a twelve month high of C$87.99. The company has a market cap of C$137.60 billion, a P/E ratio of 18.20, a P/E/G ratio of 1.22 and a beta of 0.82. The company’s fifty day simple moving average is C$81.09 and its 200-day simple moving average is C$79.14.

Toronto-Dominion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date of this dividend was Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 94.44%.

Toronto-Dominion Bank Company Profile

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.