Equities analysts forecast that TD Ameritrade Holding Corp. (NASDAQ:AMTD) will post $1.46 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for TD Ameritrade’s earnings, with estimates ranging from $1.44 billion to $1.49 billion. TD Ameritrade reported sales of $1.38 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 5.8%. The firm is expected to issue its next quarterly earnings report after the market closes on Monday, July 22nd.
According to Zacks, analysts expect that TD Ameritrade will report full year sales of $5.88 billion for the current year, with estimates ranging from $5.86 billion to $5.91 billion. For the next fiscal year, analysts expect that the company will post sales of $5.95 billion, with estimates ranging from $5.83 billion to $6.10 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow TD Ameritrade.
TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.46 billion. TD Ameritrade had a net margin of 34.94% and a return on equity of 26.73%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the company earned $0.73 earnings per share.
A number of research analysts have recently issued reports on the stock. UBS Group reiterated a “sell” rating on shares of in a report on Monday, June 24th. Citigroup cut shares of Apergy from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $41.00 to $34.00 in a report on Tuesday, July 9th. Bank of America set a $180.00 price objective on shares of CME Group and gave the company a “hold” rating in a report on Tuesday, April 9th. BidaskClub upgraded shares of Zai Lab from a “buy” rating to a “strong-buy” rating in a report on Friday, June 28th. Finally, Morgan Stanley boosted their price target on shares of Visa from $175.00 to $191.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $58.86.
A number of institutional investors have recently added to or reduced their stakes in the stock. RWC Asset Management LLP increased its position in shares of TD Ameritrade by 8.7% during the 4th quarter. RWC Asset Management LLP now owns 998,619 shares of the financial services provider’s stock valued at $48,893,000 after purchasing an additional 80,058 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of TD Ameritrade during the 4th quarter valued at $205,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of TD Ameritrade during the 4th quarter valued at $289,000. Advisor Group Inc. increased its position in shares of TD Ameritrade by 37.8% during the 4th quarter. Advisor Group Inc. now owns 3,098 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 850 shares during the period. Finally, California State Teachers Retirement System increased its position in shares of TD Ameritrade by 1.1% during the 4th quarter. California State Teachers Retirement System now owns 456,114 shares of the financial services provider’s stock valued at $22,331,000 after purchasing an additional 4,943 shares during the period. Institutional investors and hedge funds own 92.01% of the company’s stock.
Shares of NASDAQ AMTD traded up $0.56 during mid-day trading on Friday, reaching $51.59. 2,198,964 shares of the company’s stock traded hands, compared to its average volume of 2,220,479. The company has a market capitalization of $28.54 billion, a PE ratio of 15.45, a P/E/G ratio of 0.87 and a beta of 1.14. The business has a 50-day moving average of $50.62. TD Ameritrade has a 1-year low of $45.70 and a 1-year high of $60.99. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.17 and a current ratio of 1.17.
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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