Equities analysts predict that TD Ameritrade Holding Corp. (NASDAQ:AMTD) will post $0.88 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for TD Ameritrade’s earnings. The highest EPS estimate is $0.91 and the lowest is $0.84. TD Ameritrade posted earnings of $0.49 per share in the same quarter last year, which indicates a positive year over year growth rate of 79.6%. The business is scheduled to report its next quarterly earnings results after the market closes on Monday, October 22nd.
According to Zacks, analysts expect that TD Ameritrade will report full-year earnings of $3.30 per share for the current fiscal year, with EPS estimates ranging from $3.26 to $3.32. For the next year, analysts forecast that the firm will report earnings of $3.88 per share, with EPS estimates ranging from $3.60 to $4.04. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow TD Ameritrade.
TD Ameritrade (NASDAQ:AMTD) last announced its earnings results on Monday, July 23rd. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.10. TD Ameritrade had a net margin of 24.42% and a return on equity of 21.71%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the business posted $0.44 earnings per share. TD Ameritrade’s revenue for the quarter was up 48.4% on a year-over-year basis.
AMTD has been the subject of several research analyst reports. ValuEngine lowered shares of TD Ameritrade from a “buy” rating to a “hold” rating in a research report on Saturday, June 16th. BidaskClub lowered shares of TD Ameritrade from a “buy” rating to a “hold” rating in a research report on Saturday, June 30th. Barclays lifted their target price on shares of TD Ameritrade from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, July 12th. Morgan Stanley dropped their target price on shares of TD Ameritrade from $66.00 to $62.00 and set an “equal weight” rating for the company in a research report on Thursday, July 12th. Finally, Raymond James dropped their target price on shares of TD Ameritrade from $74.00 to $71.00 and set an “outperform” rating for the company in a research report on Friday, July 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $64.66.
In other TD Ameritrade news, EVP Peter J. Desilva acquired 5,000 shares of the stock in a transaction dated Tuesday, August 21st. The stock was purchased at an average cost of $56.73 per share, for a total transaction of $283,650.00. Following the acquisition, the executive vice president now owns 24,000 shares in the company, valued at approximately $1,361,520. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.44% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of AMTD. Chicago Partners Investment Group LLC purchased a new position in shares of TD Ameritrade in the second quarter worth $115,000. Summit Trail Advisors LLC increased its stake in shares of TD Ameritrade by 6,041.6% in the first quarter. Summit Trail Advisors LLC now owns 171,903 shares of the financial services provider’s stock worth $172,000 after buying an additional 169,104 shares during the period. Chesley Taft & Associates LLC purchased a new position in shares of TD Ameritrade in the third quarter worth $220,000. First Mercantile Trust Co. increased its stake in shares of TD Ameritrade by 38.5% in the second quarter. First Mercantile Trust Co. now owns 4,357 shares of the financial services provider’s stock worth $239,000 after buying an additional 1,211 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of TD Ameritrade by 34.0% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,122 shares of the financial services provider’s stock worth $281,000 after buying an additional 1,300 shares during the period. 90.94% of the stock is currently owned by institutional investors.
TD Ameritrade stock traded up $0.76 during mid-day trading on Monday, hitting $50.53. 2,810,067 shares of the company traded hands, compared to its average volume of 2,635,317. TD Ameritrade has a one year low of $46.66 and a one year high of $63.01. The firm has a market cap of $29.99 billion, a PE ratio of 27.46, a PEG ratio of 0.57 and a beta of 1.33. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.13 and a quick ratio of 1.13.
TD Ameritrade Company Profile
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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