Equities research analysts expect The Trade Desk (NASDAQ:TTD) to post $73.50 million in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for The Trade Desk’s earnings. The highest sales estimate is $74.10 million and the lowest is $73.09 million. The Trade Desk posted sales of $53.35 million during the same quarter last year, which would indicate a positive year over year growth rate of 37.8%. The company is expected to issue its next earnings results on Thursday, May 10th.
According to Zacks, analysts expect that The Trade Desk will report full-year sales of $73.50 million for the current year, with estimates ranging from $403.05 million to $406.40 million. For the next fiscal year, analysts anticipate that the business will report sales of $508.08 million per share, with estimates ranging from $500.34 million to $521.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow The Trade Desk.
The Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.12. The Trade Desk had a net margin of 16.48% and a return on equity of 25.10%. The business had revenue of $102.60 million during the quarter, compared to analyst estimates of $101.71 million. During the same period last year, the firm posted $0.33 EPS. The company’s revenue was up 41.7% on a year-over-year basis.
In related news, COO Robert David Perdue sold 10,000 shares of the firm’s stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $50.05, for a total value of $500,500.00. Following the completion of the sale, the chief operating officer now directly owns 238,443 shares in the company, valued at $11,934,072.15. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Brian John Stempeck sold 22,500 shares of the firm’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $55.33, for a total value of $1,244,925.00. Following the completion of the sale, the insider now owns 67,050 shares of the company’s stock, valued at $3,709,876.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 823,706 shares of company stock valued at $46,967,046. 26.87% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. lifted its position in The Trade Desk by 22.7% in the fourth quarter. Alliancebernstein L.P. now owns 2,620,560 shares of the technology company’s stock worth $119,838,000 after buying an additional 484,238 shares during the last quarter. Allianz Asset Management GmbH lifted its position in shares of The Trade Desk by 33.2% during the fourth quarter. Allianz Asset Management GmbH now owns 1,859,515 shares of the technology company’s stock worth $85,036,000 after purchasing an additional 463,352 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its position in shares of The Trade Desk by 33.6% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,465,060 shares of the technology company’s stock worth $66,997,000 after purchasing an additional 368,555 shares during the last quarter. BlackRock Inc. lifted its position in shares of The Trade Desk by 2.3% during the fourth quarter. BlackRock Inc. now owns 1,401,836 shares of the technology company’s stock worth $64,106,000 after purchasing an additional 32,139 shares during the last quarter. Finally, Bamco Inc. NY lifted its position in shares of The Trade Desk by 11.9% during the fourth quarter. Bamco Inc. NY now owns 962,515 shares of the technology company’s stock worth $44,016,000 after purchasing an additional 102,432 shares during the last quarter. Institutional investors own 72.89% of the company’s stock.
Shares of TTD stock traded down $1.31 on Monday, reaching $47.68. The company’s stock had a trading volume of 512,971 shares, compared to its average volume of 805,862. The Trade Desk has a 1 year low of $35.04 and a 1 year high of $67.30. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market cap of $2,050.23, a PE ratio of 40.07, a price-to-earnings-growth ratio of 1.66 and a beta of 1.93.
The Trade Desk Company Profile
The Trade Desk, Inc, a technology company, a self-service omni-channel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. Its platform allows clients to manage integrated advertising campaigns across various advertising formats, including connected television (TV), mobile, video, audio, display, social, and native, as well as on various devices, such as smart TVs, computers, and mobile devices.
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