-0.36% percent quarterly performance for Toronto Dominion Bank (TD) is not indicative of the underlying story

Toronto Dominion Bank (NYSE: TD) kicked off on Tuesday, up 1.18% from the previous trading day, before settling in for the closing price of $55.03. Over the past 52 weeks, TD has traded in a range of $53.52-$65.12.

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Financial Sector giant saw their annual sales surged by 17.20% over the last five years. While this was happening, its average annual earnings per share was recorded -2.37%. With a float of $1.74 billion, this company’s outstanding shares have now reached $1.79 billion.

In terms of profitability, gross margin is 100.0%, operating margin of 3.9%, and the pretax margin is 9.84%.

Toronto Dominion Bank (TD) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Banks – Diversified Industry. The insider ownership of Toronto Dominion Bank is 0.18%, while institutional ownership is 53.34%.

Toronto Dominion Bank (TD) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 7/31/2024, the organization reported 1.35 earnings per share (EPS), lower than consensus estimate (set at 1.4) by -0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.45 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -2.37% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.74% during the next five years compared to -2.32% drop over the previous five years of trading.

Toronto Dominion Bank (NYSE: TD) Trading Performance Indicators

Take a look at Toronto Dominion Bank’s (TD) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.57.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.13, a number that is poised to hit 1.33 in the next quarter and is forecasted to reach 5.83 in one year’s time.

Technical Analysis of Toronto Dominion Bank (TD)

Analysing the last 5-days average volume posted by the [Toronto Dominion Bank, TD], we can find that recorded value of 2.19 million was lower than the volume posted last year of 2.79 million. As of the previous 9 days, the stock’s Stochastic %D was 20.32%. Additionally, its Average True Range was 0.89.

During the past 100 days, Toronto Dominion Bank’s (TD) raw stochastic average was set at 18.96%, which indicates a significant decrease from 39.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 11.51% in the past 14 days, which was lower than the 19.37% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $59.98, while its 200-day Moving Average is $58.43. Now, the first resistance to watch is $55.90. This is followed by the second major resistance level at $56.11. The third major resistance level sits at $56.49. If the price goes on to break the first support level at $55.31, it is likely to go to the next support level at $54.93. Should the price break the second support level, the third support level stands at $54.72.

Toronto Dominion Bank (NYSE: TD) Key Stats

The company with the Market Capitalisation of 135.36 billion has total of 1,748,517K Shares Outstanding. Its annual sales at the moment are 75,046 M in contrast with the sum of 7,994 M annual income. Company’s last quarter sales were recorded 22,200 M and last quarter income was -132,170 K.