Cormark Expects Reduced Earnings for Toronto-Dominion Bank

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Equities researchers at Cormark dropped their FY2025 earnings per share (EPS) estimates for shares of Toronto-Dominion Bank in a research report issued to clients and investors on Friday, December 6th. Cormark analyst L. Persaud now forecasts that the company will post earnings per share of $7.91 for the year, down from their prior forecast of $8.10. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $7.22 per share. Cormark also issued estimates for Toronto-Dominion Bank’s FY2026 earnings at $8.56 EPS.

Several other analysts have also weighed in on TD. Bank of America lifted their price objective on Toronto-Dominion Bank from C$85.00 to C$90.00 in a report on Friday, August 23rd. National Bankshares dropped their target price on Toronto-Dominion Bank from C$85.00 to C$80.00 in a research report on Friday, December 6th. Scotiabank downgraded Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$98.00 to C$81.00 in a research report on Friday, December 6th. Canaccord Genuity Group decreased their price objective on Toronto-Dominion Bank from C$89.00 to C$87.00 in a research note on Friday, December 6th. Finally, Desjardins downgraded Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$86.00.

Toronto-Dominion Bank Stock Up 0.9 %

TD opened at C$75.28 on Monday. The firm has a market capitalization of C$131.74 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The stock’s 50 day moving average price is C$79.80 and its two-hundred day moving average price is C$79.17. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$87.99.

Toronto-Dominion Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 5.42%. The ex-dividend date was Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio is 94.44%.

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.