Zacks: Analysts Expect TD Ameritrade Holding Corp. (NASDAQ:AMTD) to Post $0.73 Earnings Per Share

Wall Street analysts forecast that TD Ameritrade Holding Corp. (NASDAQ:AMTD) will post earnings of $0.73 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for TD Ameritrade’s earnings, with the lowest EPS estimate coming in at $0.66 and the highest estimate coming in at $0.83. TD Ameritrade posted earnings per share of $1.04 during the same quarter last year, which indicates a negative year-over-year growth rate of 29.8%. The business is expected to report its next quarterly earnings report on Monday, July 27th.

On average, analysts expect that TD Ameritrade will report full year earnings of $2.95 per share for the current fiscal year, with EPS estimates ranging from $2.81 to $3.09. For the next financial year, analysts anticipate that the firm will post earnings of $2.11 per share, with EPS estimates ranging from $1.93 to $2.21. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for TD Ameritrade.

TD Ameritrade (NASDAQ:AMTD) last issued its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.02). The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.40 billion. TD Ameritrade had a return on equity of 23.05% and a net margin of 33.18%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 EPS.

A number of equities analysts recently weighed in on AMTD shares. Wells Fargo & Co dropped their price target on TD Ameritrade from $38.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Compass Point cut TD Ameritrade from a “buy” rating to a “neutral” rating and set a $38.00 price target on the stock. in a research note on Wednesday, May 20th. Citigroup cut TD Ameritrade from a “buy” rating to a “neutral” rating and lowered their target price for the company from $40.50 to $39.50 in a research note on Monday, April 27th. Deutsche Bank lowered their target price on TD Ameritrade from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Finally, Keefe, Bruyette & Woods cut TD Ameritrade from an “outperform” rating to a “market perform” rating in a research note on Sunday, April 19th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. TD Ameritrade has an average rating of “Hold” and an average price target of $41.63.

In related news, Director Joseph H. Moglia sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $40.00, for a total value of $200,000.00. Following the completion of the sale, the director now directly owns 112,760 shares in the company, valued at approximately $4,510,400. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Joseph H. Moglia sold 9,683 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $44.00, for a total value of $426,052.00. Following the completion of the sale, the director now owns 94,113 shares of the company’s stock, valued at $4,140,972. The disclosure for this sale can be found here. 0.44% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of AMTD. Magnetar Financial LLC acquired a new stake in TD Ameritrade in the 4th quarter worth approximately $195,276,000. Third Point LLC acquired a new stake in TD Ameritrade in the 4th quarter worth approximately $149,100,000. Norges Bank acquired a new stake in TD Ameritrade in the 4th quarter worth approximately $148,482,000. Renaissance Technologies LLC lifted its holdings in TD Ameritrade by 88.9% in the 4th quarter. Renaissance Technologies LLC now owns 4,864,505 shares of the financial services provider’s stock worth $241,766,000 after purchasing an additional 2,289,479 shares during the last quarter. Finally, Water Island Capital LLC lifted its holdings in TD Ameritrade by 208.3% in the 1st quarter. Water Island Capital LLC now owns 2,622,447 shares of the financial services provider’s stock worth $90,894,000 after purchasing an additional 1,771,922 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

AMTD traded down $2.54 during trading on Friday, reaching $34.21. The company had a trading volume of 12,607,304 shares, compared to its average volume of 4,873,406. The firm’s 50-day simple moving average is $38.15 and its 200 day simple moving average is $42.19. The company has a market cap of $19.88 billion, a price-to-earnings ratio of 9.72, a PEG ratio of 1.64 and a beta of 1.21. TD Ameritrade has a 12-month low of $27.70 and a 12-month high of $53.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.14 and a current ratio of 1.15.

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.

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

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