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

Equities research analysts predict that TD Ameritrade Holding Corp. (NASDAQ:AMTD) will 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 estimates ranging from $1.28 billion to $1.36 billion. TD Ameritrade reported sales of $904.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 44.9%. The business is scheduled to report its next earnings results on Wednesday, April 18th.

According to Zacks, analysts expect that TD Ameritrade will report full year sales of $1.31 billion for the current financial year, with estimates ranging from $5.13 billion to $5.29 billion. For the next fiscal year, analysts anticipate that the company will post sales of $5.66 billion per share, with estimates ranging from $5.42 billion to $5.90 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow TD Ameritrade.

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TD Ameritrade (NASDAQ:AMTD) last issued its earnings results on Monday, January 22nd. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.29. TD Ameritrade had a net margin of 23.39% and a return on equity of 18.27%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.20 billion.

AMTD has been the subject of several research analyst reports. Zacks Investment Research cut shares of TD Ameritrade from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 5th. Credit Suisse Group initiated coverage on shares of TD Ameritrade in a report on Thursday, November 30th. They issued an “underperform” rating and a $45.00 target price for the company. BidaskClub upgraded shares of TD Ameritrade from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 2nd. Barclays upgraded shares of TD Ameritrade from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $54.00 to $68.00 in a report on Monday, January 8th. Finally, Citigroup upped their target price on shares of TD Ameritrade from $60.00 to $61.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $60.97.

Shares of AMTD stock traded up $0.08 during trading on Friday, hitting $61.30. 2,232,183 shares of the stock traded hands, compared to its average volume of 3,481,189. TD Ameritrade has a fifty-two week low of $36.12 and a fifty-two week high of $63.01. 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 has a market cap of $34,359.88, a PE ratio of 35.03, a price-to-earnings-growth ratio of 0.99 and a beta of 1.42.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Tuesday, February 6th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Monday, February 5th. TD Ameritrade’s dividend payout ratio is currently 48.00%.

In other TD Ameritrade news, EVP Thomas A. Nally sold 17,243 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $56.13, for a total transaction of $967,849.59. Following the completion of the transaction, the executive vice president now owns 160,079 shares in the company, valued at approximately $8,985,234.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joseph H. Moglia sold 10,000 shares of the company’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $55.28, for a total transaction of $552,800.00. Following the transaction, the director now owns 145,000 shares of the company’s stock, valued at approximately $8,015,600. The disclosure for this sale can be found here. 0.44% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in AMTD. Cerebellum GP LLC purchased a new position in TD Ameritrade during the 4th quarter worth $126,000. Global Trust Asset Management LLC purchased a new position in TD Ameritrade during the 4th quarter worth $179,000. Pitcairn Co. purchased a new position in TD Ameritrade during the 4th quarter worth $204,000. CIBC World Markets Inc. purchased a new position in TD Ameritrade during the 4th quarter worth $228,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its position 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 buying an additional 1,210 shares during the last quarter. Institutional investors own 92.03% of the company’s stock.

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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.

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

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