Toronto-Dominion Bank (TD) Projected to Post Earnings on Thursday

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) is expected to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $1.36 per share and revenue of $13.21 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Toronto-Dominion Bank Stock Up 0.3 %

Shares of TD opened at $59.59 on Wednesday. The business’s 50 day moving average is $56.30 and its 200 day moving average is $57.59. The company has a market capitalization of $104.40 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.95 and a beta of 0.84. Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were paid a dividend of $0.7482 per share. This represents a $2.99 annualized dividend and a yield of 5.02%. The ex-dividend date was Friday, January 10th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 83.86%.

Wall Street Analyst Weigh In

TD has been the topic of a number of research reports. Royal Bank of Canada reduced their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Friday, December 6th. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Monday. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Finally, Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $80.50.

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.