Analysts predict that TD Ameritrade Holding Corp. (NASDAQ:AMTD) will report sales of $1.44 billion for the current quarter, according to Zacks. Three analysts have made estimates for TD Ameritrade’s earnings, with the highest sales estimate coming in at $1.46 billion and the lowest estimate coming in at $1.42 billion. TD Ameritrade reported sales of $1.26 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 14.3%. The company is scheduled to issue its next earnings report on Monday, January 28th.
On average, analysts expect that TD Ameritrade will report full year sales of $5.92 billion for the current fiscal year, with estimates ranging from $5.80 billion to $5.96 billion. For the next financial year, analysts anticipate that the company will post sales of $6.41 billion, with estimates ranging from $6.33 billion to $6.48 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover TD Ameritrade.
TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings data on Monday, October 22nd. The financial services provider reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.04. TD Ameritrade had a net margin of 27.02% and a return on equity of 24.54%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the company posted $0.49 EPS. The company’s revenue was up 42.2% on a year-over-year basis.
A number of brokerages have recently weighed in on AMTD. Bank of America set a $67.00 price objective on shares of TD Ameritrade and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Citigroup raised their price objective on shares of TD Ameritrade from $55.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 24th. BidaskClub cut shares of TD Ameritrade from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $68.50 price objective on shares of TD Ameritrade in a research note on Tuesday, July 24th. Finally, Barclays raised their price objective on shares of TD Ameritrade from $73.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $63.45.
In other news, EVP Peter J. Desilva bought 5,000 shares of the stock in a transaction on Tuesday, August 21st. The stock was purchased at an average cost of $56.73 per share, with a total value of $283,650.00. Following the purchase, the executive vice president now owns 24,000 shares of the company’s stock, valued at $1,361,520. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.44% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in AMTD. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of TD Ameritrade by 4.5% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 21,270 shares of the financial services provider’s stock worth $1,165,000 after purchasing an additional 924 shares in the last quarter. SPC Financial Inc. lifted its holdings in shares of TD Ameritrade by 3.0% in the 2nd quarter. SPC Financial Inc. now owns 37,855 shares of the financial services provider’s stock worth $2,073,000 after purchasing an additional 1,095 shares in the last quarter. SNS Financial Group LLC lifted its holdings in shares of TD Ameritrade by 3.2% in the 2nd quarter. SNS Financial Group LLC now owns 37,685 shares of the financial services provider’s stock worth $2,064,000 after purchasing an additional 1,185 shares in the last quarter. DnB Asset Management AS lifted its holdings in shares of TD Ameritrade by 4.4% in the 2nd quarter. DnB Asset Management AS now owns 28,369 shares of the financial services provider’s stock worth $1,554,000 after purchasing an additional 1,200 shares in the last quarter. Finally, First Mercantile Trust Co. lifted its stake in TD Ameritrade by 38.5% during the 2nd quarter. First Mercantile Trust Co. now owns 4,357 shares of the financial services provider’s stock valued at $239,000 after acquiring an additional 1,211 shares in the last quarter. 91.33% of the stock is owned by hedge funds and other institutional investors.
Shares of AMTD opened at $51.77 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.13. TD Ameritrade has a 1-year low of $47.70 and a 1-year high of $63.01. The company has a market cap of $29.56 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 0.59 and a beta of 1.23.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 6th will be paid a $0.30 dividend. This is a boost from TD Ameritrade’s previous quarterly dividend of $0.21. This represents a $1.20 annualized dividend and a yield of 2.32%. The ex-dividend date is Monday, November 5th.
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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