Analysts Expect TD Ameritrade Holding Corp. (NASDAQ:AMTD) Will Post Quarterly Sales of $1.29 Billion

Equities research analysts expect TD Ameritrade Holding Corp. (NASDAQ:AMTD) to report sales of $1.29 billion for the current quarter, according to Zacks. Four analysts have issued estimates for TD Ameritrade’s earnings, with estimates ranging from $1.24 billion to $1.36 billion. TD Ameritrade reported sales of $1.49 billion during the same quarter last year, which would suggest a negative year over year growth rate of 13.4%. The company is expected to issue its next quarterly earnings report on Monday, July 27th.

According to Zacks, analysts expect that TD Ameritrade will report full-year sales of $5.19 billion for the current year, with estimates ranging from $5.08 billion to $5.34 billion. For the next fiscal year, analysts expect that the firm will post sales of $4.44 billion, with estimates ranging from $4.30 billion to $4.60 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow TD Ameritrade.

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

Several equities analysts have recently weighed in on the stock. Citigroup downgraded shares of TD Ameritrade from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $40.50 to $39.50 in a research note on Monday, April 27th. Compass Point downgraded shares of 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. Wolfe Research downgraded shares of TD Ameritrade from an “outperform” rating to an “underperform” rating in a research note on Monday, June 8th. Piper Sandler decreased their price target on shares of TD Ameritrade from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Finally, Zacks Investment Research raised shares of TD Ameritrade from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Thursday, June 11th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $41.63.

Shares of NASDAQ:AMTD traded down $2.54 during midday trading on Friday, hitting $34.21. The company’s stock had a trading volume of 12,607,304 shares, compared to its average volume of 4,873,406. The business’s 50 day simple moving average is $38.15 and its 200 day simple moving average is $42.19. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.14 and a current ratio of 1.15. The company has a market cap of $19.88 billion, a P/E ratio of 9.72, a price-to-earnings-growth 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.

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

Several institutional investors and hedge funds have recently made changes to their positions in AMTD. State Street Corp grew its holdings in shares of TD Ameritrade by 24.8% in the first quarter. State Street Corp now owns 7,511,546 shares of the financial services provider’s stock valued at $260,350,000 after purchasing an additional 1,492,124 shares in the last quarter. Optimal Asset Management Inc. grew its holdings in shares of TD Ameritrade by 32.0% in the first quarter. Optimal Asset Management Inc. now owns 24,231 shares of the financial services provider’s stock valued at $840,000 after purchasing an additional 5,872 shares in the last quarter. Tredje AP fonden grew its holdings in shares of TD Ameritrade by 19.7% in the first quarter. Tredje AP fonden now owns 20,001 shares of the financial services provider’s stock valued at $693,000 after purchasing an additional 3,294 shares in the last quarter. Boussard & Gavaudan Investment Management LLP acquired a new position in shares of TD Ameritrade in the first quarter valued at approximately $4,088,000. Finally, Morgan Stanley grew its holdings in shares of TD Ameritrade by 49.9% in the first quarter. Morgan Stanley now owns 980,381 shares of the financial services provider’s stock valued at $33,979,000 after purchasing an additional 326,320 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

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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