Equities research analysts predict that TD Ameritrade Holding Corp. (NASDAQ:AMTD) will report $1.31 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for TD Ameritrade’s earnings. The highest sales estimate is $1.36 billion and the lowest is $1.28 billion. TD Ameritrade posted sales of $904.00 million during the same quarter last year, which suggests a positive year-over-year growth rate of 44.9%. The firm is expected to announce its next earnings report on Wednesday, April 18th.
On average, analysts expect that TD Ameritrade will report full year sales of $1.31 billion for the current fiscal year, with estimates ranging from $5.13 billion to $5.28 billion. For the next year, analysts forecast that the business will report sales of $5.64 billion per share, with estimates ranging from $5.42 billion to $5.87 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for TD Ameritrade.
TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.29. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.20 billion. TD Ameritrade had a return on equity of 18.27% and a net margin of 23.39%.
Shares of TD Ameritrade (NASDAQ:AMTD) remained flat at $$56.29 on Monday. The stock had a trading volume of 1,987,709 shares, compared to its average volume of 3,820,000. The stock has a market cap of $31,930.00, a PE ratio of 34.75, a PEG ratio of 0.92 and a beta of 1.50. TD Ameritrade has a one year low of $36.12 and a one year high of $58.83. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.12.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Tuesday, February 6th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, February 5th. This represents a $0.84 dividend on an annualized basis and a yield of 1.49%. TD Ameritrade’s payout ratio is presently 51.85%.
In other news, Director Joseph H. Moglia sold 10,000 shares of TD Ameritrade stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $55.28, for a total transaction of $552,800.00. Following the completion of the sale, the director now directly owns 145,000 shares in the company, valued at approximately $8,015,600. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Thomas A. Nally sold 17,243 shares of TD Ameritrade stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $56.13, for a total value of $967,849.59. Following the sale, the executive vice president now owns 160,079 shares of the company’s stock, valued at $8,985,234.27. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.
Several institutional investors have recently made changes to their positions in AMTD. Crow Point Partners LLC acquired a new stake in shares of TD Ameritrade during the 3rd quarter valued at about $102,000. Cerebellum GP LLC acquired a new stake in shares of TD Ameritrade during the 4th quarter valued at about $126,000. Global Trust Asset Management LLC acquired a new stake in shares of TD Ameritrade during the 4th quarter valued at about $179,000. Gamco Investors INC. ET AL acquired a new stake in shares of TD Ameritrade during the 3rd quarter valued at about $203,000. Finally, Pitcairn Co. acquired a new stake in shares of TD Ameritrade during the 4th quarter valued at about $204,000. Institutional investors and hedge funds own 88.45% of the company’s stock.
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About TD Ameritrade
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.
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