Brokerages expect that TD Ameritrade Holding Corp. (NASDAQ:AMTD) will post earnings of $0.95 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for TD Ameritrade’s earnings, with the highest EPS estimate coming in at $0.98 and the lowest estimate coming in at $0.92. TD Ameritrade reported earnings of $0.73 per share during the same quarter last year, which indicates a positive year over year growth rate of 30.1%. The company is scheduled to issue its next quarterly earnings report on Monday, April 22nd.
According to Zacks, analysts expect that TD Ameritrade will report full-year earnings of $4.07 per share for the current financial year, with EPS estimates ranging from $3.90 to $4.23. For the next year, analysts expect that the firm will report earnings of $4.41 per share, with EPS estimates ranging from $4.25 to $4.53. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover TD Ameritrade.
TD Ameritrade (NASDAQ:AMTD) last issued its earnings results on Tuesday, January 22nd. The financial services provider reported $1.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.10. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.49 billion. TD Ameritrade had a return on equity of 25.99% and a net margin of 31.17%. The company’s revenue was up 20.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS.
A number of research analysts have recently commented on the company. Zacks Investment Research raised 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, January 15th. Barclays reissued a “buy” rating on shares of TD Ameritrade in a report on Friday, January 25th. BidaskClub raised TD Ameritrade from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Morgan Stanley set a $64.00 price objective on TD Ameritrade and gave the company a “buy” rating in a report on Tuesday, January 29th. Finally, Goldman Sachs Group initiated coverage on TD Ameritrade in a report on Friday, November 30th. They set a “neutral” rating and a $60.00 price objective on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $61.43.
Shares of AMTD stock traded down $2.40 during trading hours on Tuesday, reaching $49.70. The company’s stock had a trading volume of 6,090,565 shares, compared to its average volume of 1,654,821. The company has a market cap of $27.89 billion, a PE ratio of 14.88, a P/E/G ratio of 0.74 and a beta of 1.25. TD Ameritrade has a fifty-two week low of $45.70 and a fifty-two week high of $62.99. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.18 and a current ratio of 1.18.
In other TD Ameritrade news, EVP Thomas A. Nally sold 25,000 shares of TD Ameritrade stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $56.10, for a total transaction of $1,402,500.00. Following the transaction, the executive vice president now directly owns 157,780 shares of the company’s stock, valued at approximately $8,851,458. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.44% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Advisor Networks LLC increased its position in TD Ameritrade by 3.5% during the 4th quarter. Cetera Advisor Networks LLC now owns 5,909 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 201 shares in the last quarter. Parallel Advisors LLC grew its holdings in TD Ameritrade by 37.6% during the fourth quarter. Parallel Advisors LLC now owns 824 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 225 shares during the period. CENTRAL TRUST Co grew its holdings in TD Ameritrade by 76.3% during the fourth quarter. CENTRAL TRUST Co now owns 543 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 235 shares during the period. State of Alaska Department of Revenue grew its holdings in TD Ameritrade by 0.9% during the fourth quarter. State of Alaska Department of Revenue now owns 40,801 shares of the financial services provider’s stock worth $1,996,000 after acquiring an additional 360 shares during the period. Finally, Beacon Investment Advisory Services Inc. grew its holdings in TD Ameritrade by 0.3% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 146,375 shares of the financial services provider’s stock worth $7,167,000 after acquiring an additional 389 shares during the period. 91.02% of the stock is currently owned by hedge funds and other institutional investors.
About TD Ameritrade
TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors and traders, and independent registered investment advisors (RIAs) in the United States. It offers trade execution, clearing, and margin lending services; futures and foreign exchange trade execution services; and trustee, custodial, and other trust-related services to retirement plans and other custodial accounts, as well as provides cash sweep and deposit account products through third-party relationships.
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