Analysts Anticipate TD Ameritrade Holding Corp. (AMTD) Will Post Quarterly Sales of $1.46 Billion

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Equities research analysts expect TD Ameritrade Holding Corp. (NASDAQ:AMTD) to announce sales of $1.46 billion for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for TD Ameritrade’s earnings, with the lowest sales estimate coming in at $1.44 billion and the highest estimate coming in at $1.48 billion. TD Ameritrade reported sales of $1.42 billion during the same quarter last year, which indicates a positive year over year growth rate of 2.8%. The firm is scheduled to report its next quarterly earnings results after the market closes on Tuesday, April 23rd.

On average, analysts expect that TD Ameritrade will report full year sales of $5.96 billion for the current year, with estimates ranging from $5.91 billion to $6.02 billion. For the next year, analysts forecast that the firm will post sales of $6.23 billion, with estimates ranging from $6.17 billion to $6.28 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for TD Ameritrade.

TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.10. TD Ameritrade had a return on equity of 25.99% and a net margin of 31.17%. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. The business’s revenue was up 20.6% on a year-over-year basis.

AMTD has been the subject of a number of research analyst reports. Zacks Investment Research upgraded TD Ameritrade from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Tuesday, January 15th. Morgan Stanley set a $64.00 price objective on TD Ameritrade and gave the stock a “buy” rating in a report on Tuesday, January 29th. Barclays cut their price target on TD Ameritrade from $63.00 to $62.00 and set an “overweight” rating for the company in a research note on Thursday, April 11th. Wells Fargo & Co cut their price target on TD Ameritrade from $65.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, January 4th. Finally, BidaskClub upgraded TD Ameritrade from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $62.50.

In related news, EVP Thomas A. Nally sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $56.10, for a total value of $1,402,500.00. Following the completion of the sale, the executive vice president now directly owns 157,780 shares in the company, valued at $8,851,458. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.44% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bowling Portfolio Management LLC acquired a new position in TD Ameritrade during the first quarter valued at approximately $1,397,000. Liberty Wealth Management LLC acquired a new position in TD Ameritrade during the first quarter valued at approximately $33,000. Gulf International Bank UK Ltd raised its position in TD Ameritrade by 0.6% during the first quarter. Gulf International Bank UK Ltd now owns 62,741 shares of the financial services provider’s stock valued at $3,136,000 after purchasing an additional 400 shares in the last quarter. IFM Investors Pty Ltd raised its position in TD Ameritrade by 5.8% during the first quarter. IFM Investors Pty Ltd now owns 18,188 shares of the financial services provider’s stock valued at $909,000 after purchasing an additional 995 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in TD Ameritrade by 32.8% during the first quarter. Nisa Investment Advisors LLC now owns 63,749 shares of the financial services provider’s stock valued at $3,187,000 after purchasing an additional 15,739 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

Shares of NASDAQ:AMTD traded down $0.56 during trading on Friday, reaching $53.53. 2,910,053 shares of the stock were exchanged, compared to its average volume of 2,072,386. TD Ameritrade has a 12 month low of $45.70 and a 12 month high of $62.99. The stock has a market cap of $30.04 billion, a PE ratio of 16.03, a P/E/G ratio of 0.79 and a beta of 1.23. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.42.

TD Ameritrade Company Profile

TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors and traders, and independent registered investment advisors (RIAs) in the United States. It offers trade execution, clearing, and margin lending services; futures and foreign exchange trade execution services; and trustee, custodial, and other trust-related services to retirement plans and other custodial accounts, as well as provides cash sweep and deposit account products through third-party relationships.

See Also: Cost of Equity For A Business, Investors

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

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