Brokers Offer Predictions for Toronto-Dominion Bank’s FY2018 Earnings (TD)

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Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Equities researchers at Desjardins upped their FY2018 earnings estimates for shares of Toronto-Dominion Bank in a research note issued to investors on Tuesday, November 6th. Desjardins analyst D. Young now anticipates that the company will post earnings of $6.44 per share for the year, up from their previous estimate of $6.40. Desjardins currently has a “Buy” rating and a $87.00 price objective on the stock. Desjardins also issued estimates for Toronto-Dominion Bank’s Q4 2018 earnings at $1.60 EPS and FY2020 earnings at $7.35 EPS.

TD has been the topic of several other reports. National Bank Financial boosted their price target on shares of Toronto-Dominion Bank from C$84.00 to C$86.00 and gave the stock an “outperform” rating in a research report on Friday, August 31st. Eight Capital boosted their price target on shares of Toronto-Dominion Bank from C$89.00 to C$93.00 in a research report on Friday, August 31st. Finally, BMO Capital Markets boosted their price target on shares of Toronto-Dominion Bank from C$82.00 to C$83.00 in a research report on Friday, August 31st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of C$85.15.

Shares of TSE TD opened at C$73.33 on Wednesday. Toronto-Dominion Bank has a fifty-two week low of C$69.21 and a fifty-two week high of C$80.05.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings data on Thursday, August 30th. The company reported C$1.66 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.61 by C$0.05. The company had revenue of C$9.89 billion for the quarter, compared to the consensus estimate of C$9.39 billion.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 10th were paid a dividend of $0.67 per share. The ex-dividend date was Tuesday, October 9th. This represents a $2.68 annualized dividend and a yield of 3.65%.

In other Toronto-Dominion Bank news, insider Michael George Rhodes sold 25,824 shares of Toronto-Dominion Bank stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of C$78.98, for a total transaction of C$2,039,579.52.

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. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large 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.

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Earnings History and Estimates for Toronto-Dominion Bank (TSE:TD)

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