Analysts Expect TD Ameritrade (AMTD) Will Announce Quarterly Sales of $1.31 Billion

Equities research analysts expect that TD Ameritrade (NASDAQ:AMTD) will post sales of $1.31 billion for the current quarter, Zacks reports. Five analysts have provided 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 during the same quarter last year, which would suggest a positive year over year growth rate of 44.9%. The firm is expected to report its next quarterly earnings report before the market opens on Tuesday, April 24th.

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 fiscal year, analysts expect that the company will report sales of $5.66 billion per share, with estimates ranging from $5.42 billion to $5.90 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for TD Ameritrade.

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TD Ameritrade (NASDAQ:AMTD) last announced its earnings results on Monday, January 22nd. The financial services provider reported $0.80 EPS for the quarter, beating the Zacks’ 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.

A number of brokerages have commented on AMTD. Sanford C. Bernstein started coverage on shares of TD Ameritrade in a report on Monday. They set an “outperform” rating for the company. Rosenblatt Securities set a $65.00 price objective on shares of TD Ameritrade and gave the stock a “buy” rating in a research note on Friday. Bank of America raised shares of TD Ameritrade from a “neutral” rating to a “buy” rating and set a $66.00 price objective for the company in a research note on Monday. They noted that the move was a valuation call. BidaskClub cut shares of TD Ameritrade from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 26th. Finally, Nomura increased their price objective on shares of TD Ameritrade from $63.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $62.66.

AMTD stock traded up $0.54 during midday trading on Wednesday, reaching $58.11. 1,878,922 shares of the company’s stock traded hands, compared to its average volume of 3,339,636. TD Ameritrade has a 52-week low of $36.12 and a 52-week high of $63.01. The stock has a market cap of $32,663.45, a P/E ratio of 31.58, a P/E/G ratio of 0.94 and a beta of 1.35. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35.

In related news, EVP Thomas A. Nally sold 17,243 shares of the firm’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 directly owns 160,079 shares of the company’s stock, valued at $8,985,234.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph H. Moglia sold 10,000 shares of the firm’s 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 transaction, the director now directly owns 145,000 shares of the company’s stock, valued at $8,015,600. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in TD Ameritrade by 4.2% during the fourth quarter. BlackRock Inc. now owns 14,003,570 shares of the financial services provider’s stock valued at $715,999,000 after acquiring an additional 570,868 shares in the last quarter. Snyder Capital Management L P grew its stake in TD Ameritrade by 4.8% during the fourth quarter. Snyder Capital Management L P now owns 177,675 shares of the financial services provider’s stock valued at $9,085,000 after acquiring an additional 8,148 shares in the last quarter. California Public Employees Retirement System grew its stake in TD Ameritrade by 1.6% during the fourth quarter. California Public Employees Retirement System now owns 563,312 shares of the financial services provider’s stock valued at $28,802,000 after acquiring an additional 8,891 shares in the last quarter. American International Group Inc. grew its stake in TD Ameritrade by 71.0% during the fourth quarter. American International Group Inc. now owns 14,302 shares of the financial services provider’s stock valued at $731,000 after acquiring an additional 5,939 shares in the last quarter. Finally, Stephens Inc. AR grew its stake in TD Ameritrade by 53.9% during the fourth quarter. Stephens Inc. AR now owns 7,538 shares of the financial services provider’s stock valued at $385,000 after acquiring an additional 2,639 shares in the last quarter. 92.04% of the stock is owned by institutional investors.

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About TD Ameritrade

TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services include tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform for investors and traders to identify opportunities and stay informed; thinkorswim, a desktop platform for traders; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts.

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

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