Toronto-Dominion Bank (TD) Announces Quarterly Earnings Results, Beats Expectations By $0.50 EPS

Share on StockTwits

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) announced its quarterly earnings results on Thursday. The bank reported $1.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.50, Briefing.com reports. Toronto-Dominion Bank had a return on equity of 16.36% and a net margin of 20.48%. The business had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $9.46 billion. During the same quarter in the prior year, the company posted $1.62 earnings per share. Toronto-Dominion Bank’s revenue was up 8.0% compared to the same quarter last year.

TD stock opened at $56.01 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.93 and a current ratio of 0.93. Toronto-Dominion Bank has a 1-year low of $47.73 and a 1-year high of $62.00. The firm has a market capitalization of $101.38 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 1.78 and a beta of 1.06.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th were given a $0.564 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $2.26 annualized dividend and a yield of 4.03%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.51. Toronto-Dominion Bank’s payout ratio is currently 44.14%.

Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Barclays reiterated a “hold” rating on shares of Toronto-Dominion Bank in a report on Friday, May 17th. BMO Capital Markets reiterated a “buy” rating on shares of Toronto-Dominion Bank in a report on Thursday, February 28th. Finally, National Bank Financial downgraded Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $60.00.

Hedge funds have recently bought and sold shares of the business. Monte Financial Group LLC boosted its position in Toronto-Dominion Bank by 101.8% in the first quarter. Monte Financial Group LLC now owns 51,739 shares of the bank’s stock worth $2,811,000 after purchasing an additional 26,098 shares during the last quarter. Natixis Advisors L.P. boosted its position in Toronto-Dominion Bank by 25.2% in the fourth quarter. Natixis Advisors L.P. now owns 44,812 shares of the bank’s stock worth $2,228,000 after purchasing an additional 9,014 shares during the last quarter. IHT Wealth Management LLC boosted its position in Toronto-Dominion Bank by 3.9% in the fourth quarter. IHT Wealth Management LLC now owns 6,439 shares of the bank’s stock worth $320,000 after purchasing an additional 244 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Toronto-Dominion Bank by 129.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 953,875 shares of the bank’s stock worth $47,389,000 after purchasing an additional 537,965 shares during the last quarter. Finally, DT Investment Partners LLC lifted its position in shares of Toronto-Dominion Bank by 1.5% during the 4th quarter. DT Investment Partners LLC now owns 58,106 shares of the bank’s stock valued at $2,889,000 after buying an additional 840 shares during the last quarter. 48.54% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Toronto-Dominion Bank (TD) Announces Quarterly Earnings Results, Beats Expectations By $0.50 EPS” was originally posted by Ticker Report and is the property of of Ticker Report. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and international copyright & trademark law. The correct version of this piece can be viewed at https://www.tickerreport.com/banking-finance/4351145/toronto-dominion-bank-td-announces-quarterly-earnings-results-beats-expectations-by-0-50-eps.html.

About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.

Featured Article: Why is the ex-dividend date different from the record date?

Earnings History for Toronto-Dominion Bank (NYSE:TD)

Receive News & Ratings for Toronto-Dominion Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toronto-Dominion Bank and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Mirati Therapeutics Inc  Expected to Post Earnings of -$1.22 Per Share
Mirati Therapeutics Inc Expected to Post Earnings of -$1.22 Per Share
Masimo Co.  Expected to Post Quarterly Sales of $222.97 Million
Masimo Co. Expected to Post Quarterly Sales of $222.97 Million
Zacks: Brokerages Expect Omeros Co.  Will Announce Quarterly Sales of $28.29 Million
Zacks: Brokerages Expect Omeros Co. Will Announce Quarterly Sales of $28.29 Million
Brokerages Expect United States Cellular Corp  Will Post Quarterly Sales of $1.01 Billion
Brokerages Expect United States Cellular Corp Will Post Quarterly Sales of $1.01 Billion
$241.44 Million in Sales Expected for ExlService Holdings, Inc.  This Quarter
$241.44 Million in Sales Expected for ExlService Holdings, Inc. This Quarter
Omeros Co.  Expected to Post Earnings of -$0.38 Per Share
Omeros Co. Expected to Post Earnings of -$0.38 Per Share


© 2006-2019 Ticker Report