Toronto-Dominion Bank (TD) Expected to Announce Earnings on Thursday

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) will likely be releasing its earnings data before the market opens on Thursday, February 27th. Analysts expect Toronto-Dominion Bank to post earnings of $1.36 per share and revenue of $13.21 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Toronto-Dominion Bank Stock Down 0.8 %

TD stock opened at $59.38 on Tuesday. 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 stock has a market capitalization of $103.93 billion, a P/E ratio of 17.11, a P/E/G ratio of 1.95 and a beta of 0.84. Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The business has a 50-day moving average of $56.16 and a 200-day moving average of $57.58.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were given a dividend of $0.7482 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a yield of 5.04%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio is 84.15%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Monday. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Royal Bank of Canada lowered their target price on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Friday, December 6th. Finally, Desjardins lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Toronto-Dominion Bank currently has an average rating of “Hold” and an average target price 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.