Wall Street analysts expect TD Ameritrade Holding Corp. (NASDAQ:AMTD) to post $1.31 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for TD Ameritrade’s earnings, with the highest sales estimate coming in at $1.36 billion and the lowest estimate coming in at $1.28 billion. TD Ameritrade reported sales of $904.00 million in the same quarter last year, which indicates a positive year over year growth rate of 44.9%. The firm is scheduled 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 year, with estimates ranging from $5.13 billion to $5.29 billion. For the next year, analysts expect that the business will report sales of $5.66 billion per share, with estimates ranging from $5.42 billion to $5.90 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover TD Ameritrade.
TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.29. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.20 billion. TD Ameritrade had a net margin of 23.39% and a return on equity of 18.27%.
In related news, EVP Thomas A. Nally sold 17,243 shares of TD Ameritrade stock in a transaction on 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 approximately $8,985,234.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph H. Moglia sold 10,000 shares of TD Ameritrade stock in a transaction on Thursday, January 25th. The shares were 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 disclosure for this sale can be found here. 0.44% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in AMTD. Cerebellum GP LLC acquired a new stake in TD Ameritrade during the 4th quarter worth $126,000. Global Trust Asset Management LLC acquired a new stake in TD Ameritrade during the 4th quarter worth $179,000. Pitcairn Co. acquired a new stake in TD Ameritrade during the 4th quarter worth $204,000. CIBC World Markets Inc. acquired a new stake in TD Ameritrade during the 4th quarter worth $228,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in TD Ameritrade by 33.8% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,791 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 1,210 shares during the last quarter. 92.03% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AMTD stock traded down $1.65 during midday trading on Friday, hitting $56.77. 3,030,639 shares of the stock were exchanged, compared to its average volume of 3,464,457. The firm has a market cap of $34,779.73, a PE ratio of 32.44, a price-to-earnings-growth ratio of 1.00 and a beta of 1.42. TD Ameritrade has a twelve month low of $36.12 and a twelve month high of $63.01. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.35.
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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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