Toronto–Dominion Bank (NYSE:TD) (TSE:TD) announced its earnings results on Thursday. The bank reported $1.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.45, Briefing.com reports. Toronto–Dominion Bank had a net margin of 22.12% and a return on equity of 15.76%. The firm had revenue of $9.47 billion for the quarter, compared to analyst estimates of $8.76 billion. During the same quarter in the prior year, the business posted $1.34 EPS. The business’s revenue was up 11.7% compared to the same quarter last year.
Shares of Toronto–Dominion Bank traded up $0.04, hitting $58.87, during trading hours on Thursday, according to MarketBeat Ratings. 81,052 shares of the stock were exchanged, compared to its average volume of 1,044,480. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $109.24 billion, a price-to-earnings ratio of 13.97, a P/E/G ratio of 1.17 and a beta of 0.95. Toronto–Dominion Bank has a 1-year low of $46.58 and a 1-year high of $75.46.
The company also recently declared a quarterly dividend, which was paid on Monday, April 30th. Investors of record on Tuesday, April 10th were given a dividend of $0.522 per share. This is a positive change from Toronto–Dominion Bank’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, April 9th. This represents a $2.09 annualized dividend and a dividend yield of 3.55%. Toronto–Dominion Bank’s dividend payout ratio (DPR) is currently 49.06%.
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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