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

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) announced its quarterly earnings data on Thursday. The bank reported $1.39 earnings per share (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 Price Performance

NYSE:TD traded up $0.06 during trading hours on Thursday, reaching $59.79. 1,684,690 shares of the company’s stock were exchanged, compared to its average volume of 2,568,502. Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91. The business’s 50-day simple moving average is $56.46 and its two-hundred day simple moving average is $57.61. The company has a market capitalization of $104.76 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 1.95 and a beta of 0.84. The company has a quick ratio of 1.03, a current 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 issued a $0.7482 dividend. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend was Friday, January 10th. Toronto-Dominion Bank’s payout ratio is presently 83.86%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Bank of America upgraded shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. Royal Bank of Canada lowered their price target 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 downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Desjardins downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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.