Toronto-Dominion Bank (NYSE:TD) Announces Earnings Results, Beats Estimates By $0.03 EPS

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) released its earnings results on Thursday. The bank reported $1.39 EPS for the quarter, beating the consensus estimate of $1.36 by $0.03, Zacks reports. Toronto-Dominion Bank had a net margin of 7.37% and a return on equity of 13.96%.

Toronto-Dominion Bank Trading Up 0.1 %

NYSE TD traded up $0.06 on Thursday, reaching $59.79. The company had a trading volume of 1,684,690 shares, compared to its average volume of 2,568,502. Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $104.76 billion, a price-to-earnings ratio of 17.23, a P/E/G ratio of 1.95 and a beta of 0.84. The business has a 50 day moving average of $56.46 and a two-hundred day moving average of $57.61.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were paid a $0.7482 dividend. The ex-dividend date was Friday, January 10th. This represents a $2.99 annualized dividend and a dividend yield of 5.01%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio is currently 83.86%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TD. Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. Desjardins downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Finally, Barclays cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $80.50.

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.