Analysts Estimate Report : What to Look Out for Toronto-Dominion Bank Stock Forecast, Price & News (NYSE:TD)

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Earnings results for Toronto-Dominion Bank Stock Forecast, Price & News (NYSE:TD)

Toronto Dominion Bank (The) is expected* to report earnings on 08/27/2020 before market open. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.75. The reported EPS for the same quarter last year was $1.34.

Toronto-Dominion Bank last posted its quarterly earnings results on May 28th, 2020. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.25. The company earned $10.53 billion during the quarter, compared to the consensus estimate of $9.82 billion. Its revenue was up 2.9% on a year-over-year basis. Toronto-Dominion Bank has generated $5.03 earnings per share over the last year and currently has a price-to-earnings ratio of 11.8. Toronto-Dominion Bank has confirmed that its next quarterly earnings report will be published on Thursday, August 27th, 2020.

Analyst Opinion on Toronto-Dominion Bank Stock Forecast, Price & News (NYSE:TD)

13 Wall Street analysts have issued ratings and price targets for Toronto-Dominion Bank in the last 12 months. Their average twelve-month price target is $73.67, predicting that the stock has a possible upside of 45.99%. The high price target for TD is $84.00 and the low price target for TD is $58.00. There are currently 1 sell rating, 8 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Toronto-Dominion Bank has received a consensus rating of Hold. The company’s average rating score is 2.23, and is based on 4 buy ratings, 8 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $73.67, Toronto-Dominion Bank has a forecasted upside of 46.0% from its current price of $50.46. Toronto-Dominion Bank has only been the subject of 4 research reports in the past 90 days.

Dividend Strength: Toronto-Dominion Bank Stock Forecast, Price & News (NYSE:TD)

Toronto-Dominion Bank is a leading dividend payer. It pays a dividend yield of 4.76%, putting its dividend yield in the top 25% of dividend-paying stocks. Toronto-Dominion Bank has only been increasing its dividend for 1 years. The dividend payout ratio of Toronto-Dominion Bank is 46.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Toronto-Dominion Bank will have a dividend payout ratio of 55.48% next year. This indicates that Toronto-Dominion Bank will be able to sustain or increase its dividend.

Insiders buying/selling: Toronto-Dominion Bank Stock Forecast, Price & News (NYSE:TD)

In the past three months, Toronto-Dominion Bank insiders have not sold or bought any company stock. 47.89% of the stock of Toronto-Dominion Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Toronto-Dominion Bank Stock Forecast, Price & News (NYSE:TD

Earnings for Toronto-Dominion Bank are expected to grow by 18.98% in the coming year, from $3.53 to $4.20 per share. The P/E ratio of Toronto-Dominion Bank is 11.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.69. The P/E ratio of Toronto-Dominion Bank is 11.79, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.41. Toronto-Dominion Bank has a PEG Ratio of 1.96. PEG Ratios above 1 indicate that a company could be overvalued. Toronto-Dominion Bank has a P/B Ratio of 1.48. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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