Wall Street analysts expect that TD Ameritrade (NASDAQ:AMTD) will announce $1.31 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for TD Ameritrade’s earnings. The highest sales estimate is $1.36 billion and the lowest is $1.28 billion. TD Ameritrade reported sales of $904.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 44.9%. The business is expected to announce its next quarterly earnings report before the market opens on Tuesday, April 24th.
According to Zacks, analysts expect that TD Ameritrade will report full year sales of $1.31 billion for the current financial year, with estimates ranging from $5.13 billion to $5.29 billion. For the next financial year, analysts expect that the company will report sales of $5.66 billion per share, with estimates ranging from $5.42 billion to $5.90 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow TD Ameritrade.
TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.29. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.20 billion. TD Ameritrade had a net margin of 23.39% and a return on equity of 18.27%.
Several analysts recently issued reports on AMTD shares. Zacks Investment Research raised shares of TD Ameritrade from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Tuesday, December 26th. Credit Suisse Group reaffirmed an “underperform” rating and issued a $52.00 price target (up from $45.00) on shares of TD Ameritrade in a report on Tuesday, January 16th. BidaskClub cut shares of TD Ameritrade from a “strong-buy” rating to a “buy” rating in a report on Friday, December 29th. Sandler O’Neill reaffirmed a “buy” rating and issued a $63.00 price target on shares of TD Ameritrade in a report on Tuesday, January 23rd. Finally, Barclays raised shares of TD Ameritrade from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $54.00 to $68.00 in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. TD Ameritrade presently has an average rating of “Buy” and a consensus target price of $61.91.
AMTD traded down $1.59 during trading on Wednesday, hitting $57.57. The company had a trading volume of 2,654,331 shares, compared to its average volume of 2,660,659. The stock has a market capitalization of $33,565.57, a PE ratio of 31.29, a P/E/G ratio of 0.96 and a beta of 1.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.12 and a quick ratio of 1.10. TD Ameritrade has a 1-year low of $36.12 and a 1-year high of $63.01.
In other news, Director Joseph H. Moglia sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $55.28, for a total transaction of $552,800.00. Following the completion of the transaction, the director now owns 145,000 shares in the company, valued at $8,015,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas A. Nally sold 17,243 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $56.13, for a total transaction of $967,849.59. Following the transaction, the executive vice president now owns 160,079 shares of the company’s stock, valued at approximately $8,985,234.27. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Cerebellum GP LLC bought a new position in shares of TD Ameritrade during the fourth quarter worth about $126,000. Global Trust Asset Management LLC bought a new position in shares of TD Ameritrade during the fourth quarter worth about $179,000. Pitcairn Co. bought a new position in shares of TD Ameritrade during the fourth quarter worth about $204,000. CIBC World Markets Inc. bought a new position in shares of TD Ameritrade during the fourth quarter worth about $228,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its position in shares of TD Ameritrade by 33.8% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,791 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 1,210 shares during the last quarter. Institutional investors and hedge funds own 92.03% of the company’s stock.
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About TD Ameritrade
TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services include tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform for investors and traders to identify opportunities and stay informed; thinkorswim, a desktop platform for traders; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts.
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