Equities research analysts predict that TD Ameritrade Holding Corp. (NASDAQ:AMTD) will post $1.46 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for TD Ameritrade’s earnings, with the lowest sales estimate coming in at $1.44 billion and the highest estimate coming in at $1.48 billion. TD Ameritrade posted sales of $1.42 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.8%. The company is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, April 23rd.
On average, analysts expect that TD Ameritrade will report full year sales of $5.96 billion for the current year, with estimates ranging from $5.91 billion to $6.02 billion. For the next financial year, analysts anticipate that the company will report sales of $6.23 billion, with estimates ranging from $6.17 billion to $6.28 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow TD Ameritrade.
TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.10. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.49 billion. TD Ameritrade had a return on equity of 25.99% and a net margin of 31.17%. The business’s revenue was up 20.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 EPS.
Several research firms recently issued reports on AMTD. ValuEngine lowered TD Ameritrade from a “hold” rating to a “sell” rating in a research report on Monday, March 25th. Wolfe Research raised TD Ameritrade from an “underperform” rating to a “market perform” rating in a research report on Wednesday, March 27th. Bank of America set a $60.00 price target on TD Ameritrade and gave the company a “buy” rating in a research report on Tuesday, April 9th. Barclays reissued a “buy” rating on shares of TD Ameritrade in a research report on Friday, January 25th. Finally, Zacks Investment Research lowered TD Ameritrade from a “buy” rating to a “hold” rating in a research report on Monday, January 28th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. TD Ameritrade presently has an average rating of “Hold” and a consensus target price of $62.50.
In other TD Ameritrade news, EVP Thomas A. Nally sold 25,000 shares of the stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $56.10, for a total value of $1,402,500.00. Following the sale, the executive vice president now directly owns 157,780 shares of the company’s stock, valued at $8,851,458. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.44% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Bowling Portfolio Management LLC bought a new position in shares of TD Ameritrade in the first quarter worth $1,397,000. Liberty Wealth Management LLC bought a new position in shares of TD Ameritrade in the first quarter worth $33,000. Gulf International Bank UK Ltd grew its stake in shares of TD Ameritrade by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 62,741 shares of the financial services provider’s stock worth $3,136,000 after purchasing an additional 400 shares in the last quarter. IFM Investors Pty Ltd grew its stake in shares of TD Ameritrade by 5.8% in the first quarter. IFM Investors Pty Ltd now owns 18,188 shares of the financial services provider’s stock worth $909,000 after purchasing an additional 995 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of TD Ameritrade by 32.8% in the first quarter. Nisa Investment Advisors LLC now owns 63,749 shares of the financial services provider’s stock worth $3,187,000 after purchasing an additional 15,739 shares in the last quarter. 91.71% of the stock is owned by institutional investors.
Shares of AMTD stock traded down $0.56 on Friday, hitting $53.53. 2,910,053 shares of the stock traded hands, compared to its average volume of 2,072,386. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.42. The firm has a market cap of $30.04 billion, a P/E ratio of 16.03, a P/E/G ratio of 0.79 and a beta of 1.23. TD Ameritrade has a 1-year low of $45.70 and a 1-year high of $62.99.
TD Ameritrade Company Profile
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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