Cormark Has Negative Forecast for TD FY2025 Earnings

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) – Equities research analysts at Cormark decreased their FY2025 earnings per share (EPS) estimates for Toronto-Dominion Bank in a note issued to investors on Friday, February 21st. Cormark analyst L. Persaud now anticipates that the bank will post earnings of $5.43 per share for the year, down from their previous forecast of $5.62. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $5.48 per share. Cormark also issued estimates for Toronto-Dominion Bank’s FY2026 earnings at $6.02 EPS.

Several other equities research analysts have also recently issued reports on the company. Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Desjardins lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Royal Bank of Canada lowered their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a report on Friday, December 6th. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday. Finally, Jefferies Financial Group lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Stock Performance

Shares of TD opened at $59.59 on Monday. The business has a fifty day moving average of $56.30 and a 200 day moving average of $57.59. Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91. The firm has a market capitalization of $104.40 billion, a P/E ratio of 17.17, a PEG ratio of 1.95 and a beta of 0.84. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Dunhill Financial LLC boosted its position in Toronto-Dominion Bank by 164.9% during the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after acquiring an additional 249 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of Toronto-Dominion Bank in the 4th quarter worth about $27,000. Bank of Jackson Hole Trust acquired a new position in shares of Toronto-Dominion Bank in the 4th quarter valued at about $32,000. CoreCap Advisors LLC boosted its stake in Toronto-Dominion Bank by 57.5% during the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank’s stock valued at $34,000 after purchasing an additional 230 shares during the period. Finally, Versant Capital Management Inc raised its position in shares of Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after buying an additional 200 shares in the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were issued a dividend of $0.7482 per share. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a yield of 5.02%. The ex-dividend date of this dividend was Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 83.86%.

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.