Toronto-Dominion Bank (NYSE:TD – Get Free Report) (TSE:TD) issued its quarterly earnings data on Thursday. The bank reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.56, Briefing.com reports. The firm had revenue of $14.18 billion during the quarter, compared to analysts’ expectations of $9.40 billion. Toronto-Dominion Bank had a return on equity of 14.38% and a net margin of 9.96%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.48 EPS.
Toronto-Dominion Bank Stock Performance
Shares of NYSE:TD traded up $0.18 during trading on Friday, hitting $58.63. The stock had a trading volume of 89,931 shares, compared to its average volume of 2,765,958. Toronto-Dominion Bank has a 12-month low of $53.52 and a 12-month high of $65.12. The stock has a market capitalization of $102.45 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 1.62 and a beta of 0.82. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.11. The stock has a 50-day simple moving average of $56.71 and a two-hundred day simple moving average of $57.68.
Toronto-Dominion Bank Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be paid a $0.739 dividend. This represents a $2.96 annualized dividend and a dividend yield of 5.04%. The ex-dividend date is Thursday, October 10th. Toronto-Dominion Bank’s payout ratio is 67.73%.
Analyst Upgrades and Downgrades
Get Our Latest Stock Report on TD
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.
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