TD Ameritrade Holding Corp. (AMTD) Expected to Post Quarterly Sales of $1.31 Billion

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%.

A number of equities analysts recently weighed in on the company. BidaskClub raised TD Ameritrade from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 3rd. Morgan Stanley lifted their price target on TD Ameritrade from $56.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. Nomura lifted their price target on TD Ameritrade from $63.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Barclays lifted their price target on TD Ameritrade from $68.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $67.00 price target (up previously from $56.00) on shares of TD Ameritrade in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. TD Ameritrade has a consensus rating of “Buy” and a consensus price target of $57.29.

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.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at https://stocknewstimes.com/2018/02/20/td-ameritrade-holding-corp-amtd-expected-to-post-quarterly-sales-of-1-31-billion.html.

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.

Get a free copy of the Zacks research report on TD Ameritrade (AMTD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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