FY2018 EPS Estimates for TD Ameritrade Holding Corp. Boosted by Analyst (AMTD)

TD Ameritrade Holding Corp. (NASDAQ:AMTD) – Analysts at William Blair raised their FY2018 earnings per share (EPS) estimates for shares of TD Ameritrade in a research note issued to investors on Wednesday. William Blair analyst C. Shutler now anticipates that the financial services provider will post earnings of $2.66 per share for the year, up from their prior forecast of $2.32. William Blair also issued estimates for TD Ameritrade’s FY2019 earnings at $3.70 EPS.

TD Ameritrade (NASDAQ:AMTD) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.03. The firm had revenue of $983.00 million for the quarter, compared to the consensus estimate of $958.57 million. TD Ameritrade had a return on equity of 15.91% and a net margin of 23.72%. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 EPS.

Several other analysts also recently weighed in on the company. BidaskClub raised TD Ameritrade from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Barclays raised TD Ameritrade from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $54.00 to $68.00 in a research note on Monday, January 8th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $67.00 target price (up previously from $56.00) on shares of TD Ameritrade in a research note on Thursday, January 4th. Zacks Investment Research raised TD Ameritrade from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Tuesday, December 26th. Finally, Credit Suisse Group started coverage on TD Ameritrade in a research note on Thursday, November 30th. They issued an “underperform” rating and a $45.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $52.38.

Shares of TD Ameritrade (NASDAQ:AMTD) traded up $0.76 during trading on Monday, reaching $54.50. The company’s stock had a trading volume of 1,835,200 shares, compared to its average volume of 2,775,956. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.37. The company has a market cap of $30,900.00, a P/E ratio of 33.23, a P/E/G ratio of 1.04 and a beta of 1.57. TD Ameritrade has a 52-week low of $36.12 and a 52-week high of $54.59.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Janus Henderson Group PLC raised its position in shares of TD Ameritrade by 26,316.9% during the second quarter. Janus Henderson Group PLC now owns 20,404,947 shares of the financial services provider’s stock worth $877,208,000 after purchasing an additional 20,327,705 shares during the period. Toronto Dominion Bank raised its position in shares of TD Ameritrade by 5.0% during the third quarter. Toronto Dominion Bank now owns 234,004,635 shares of the financial services provider’s stock worth $11,419,426,000 after purchasing an additional 11,082,105 shares during the period. RPTC Inc. acquired a new stake in shares of TD Ameritrade during the second quarter worth $402,937,000. FMR LLC raised its position in shares of TD Ameritrade by 103.8% during the second quarter. FMR LLC now owns 10,475,718 shares of the financial services provider’s stock worth $450,351,000 after purchasing an additional 5,336,529 shares during the period. Finally, CI Investments Inc. acquired a new stake in shares of TD Ameritrade during the third quarter worth $72,434,000. 88.52% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece can be viewed at https://stocknewstimes.com/2018/01/15/fy2018-eps-estimates-for-td-ameritrade-holding-corp-boosted-by-analyst-amtd.html.

TD Ameritrade Company Profile

TD Ameritrade Holding Corporation is a provider of securities brokerage services and related technology-based financial services. The Company provides its services to retail investors, traders and independent registered investment advisors (RIAs). The Company provides its services through the Internet, a national branch network and relationships with RIAs.

Earnings History and Estimates for TD Ameritrade (NASDAQ:AMTD)

Receive News & Ratings for TD Ameritrade Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TD Ameritrade and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply