Equities research analysts expect that TD Ameritrade Holding Corp. (NASDAQ:AMTD) will report sales of $1.46 billion for the current quarter, Zacks reports. 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 business is expected to announce its next earnings results after the market closes on Monday, July 22nd.
On average, 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 financial year, analysts forecast that the firm will report sales of $5.95 billion, with estimates ranging from $5.83 billion to $6.10 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover TD Ameritrade.
TD Ameritrade (NASDAQ:AMTD) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.93. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.46 billion. TD Ameritrade had a net margin of 34.94% and a return on equity of 26.73%. TD Ameritrade’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business earned $0.73 EPS.
A number of analysts have weighed in on AMTD shares. BidaskClub upgraded shares of Zai Lab from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th. Zacks Investment Research lowered shares of Hope Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Bank of America set a $180.00 price objective on shares of CME Group and gave the company a “hold” rating in a research note on Tuesday, April 9th. Morgan Stanley raised their price objective on shares of Visa from $175.00 to $191.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Finally, Barclays set a $325.00 price objective on shares of Align Technology and gave the company a “buy” rating in a research note on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $58.86.
NASDAQ:AMTD traded up $0.56 on Friday, reaching $51.59. 2,198,964 shares of the stock traded hands, compared to its average volume of 2,220,479. The firm has a market capitalization of $28.54 billion, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 0.87 and a beta of 1.14. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.42. TD Ameritrade has a 12 month low of $45.70 and a 12 month high of $60.99. The stock’s fifty day moving average is $50.62.
Hedge funds and other institutional investors have recently made changes to their positions in the company. RWC Asset Management LLP raised its position in TD Ameritrade by 8.7% in the 4th quarter. RWC Asset Management LLP now owns 998,619 shares of the financial services provider’s stock worth $48,893,000 after purchasing an additional 80,058 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in TD Ameritrade in the 4th quarter worth approximately $205,000. Raymond James Financial Services Advisors Inc. bought a new position in TD Ameritrade in the 4th quarter worth approximately $289,000. Advisor Group Inc. raised its position in TD Ameritrade by 37.8% in the 4th quarter. Advisor Group Inc. now owns 3,098 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 850 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in TD Ameritrade by 1.1% in the 4th quarter. California State Teachers Retirement System now owns 456,114 shares of the financial services provider’s stock worth $22,331,000 after purchasing an additional 4,943 shares during the last quarter. 92.01% 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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