Brokerages Anticipate TD Ameritrade Holding Corp. (NASDAQ:AMTD) Will Announce Quarterly Sales of $1.29 Billion

Equities research analysts predict that TD Ameritrade Holding Corp. (NASDAQ:AMTD) will post $1.29 billion in sales for the current quarter, according to Zacks. Four analysts have provided estimates for TD Ameritrade’s earnings, with the lowest sales estimate coming in at $1.24 billion and the highest estimate coming in at $1.36 billion. TD Ameritrade reported sales of $1.49 billion in the same quarter last year, which indicates a negative year over year growth rate of 13.4%. The company is scheduled to issue its next quarterly earnings results on Monday, July 27th.

On average, 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 financial year, analysts forecast that the business will report sales of $4.44 billion, with estimates ranging from $4.30 billion to $4.60 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for TD Ameritrade.

TD Ameritrade (NASDAQ:AMTD) last released its earnings results 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 business 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%. TD Ameritrade’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 earnings per share.

AMTD has been the subject of several analyst reports. Compass Point downgraded shares of TD Ameritrade from a “buy” rating to a “neutral” rating and set a $38.00 price target for the company. in a research report on Wednesday, May 20th. Piper Sandler reduced their price target on shares of TD Ameritrade from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. Keefe, Bruyette & Woods downgraded shares of TD Ameritrade from an “outperform” rating to a “market perform” rating in a research report on Sunday, April 19th. BidaskClub downgraded shares of TD Ameritrade from a “sell” rating to a “strong sell” rating in a research report on Friday. Finally, Morgan Stanley lifted their target price on shares of TD Ameritrade from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. TD Ameritrade presently has a consensus rating of “Hold” and a consensus target price of $41.63.

Shares of AMTD traded down $2.54 on Friday, hitting $34.21. 12,607,304 shares of the stock traded hands, compared to its average volume of 4,873,406. The company has a market capitalization of $19.88 billion, a PE ratio of 9.72, a P/E/G ratio of 1.64 and a beta of 1.21. 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 business has a 50 day simple moving average of $38.15 and a 200 day simple moving average of $42.19. TD Ameritrade has a one year low of $27.70 and a one year high of $53.99.

In other news, Director Joseph H. Moglia sold 9,683 shares of the business’s stock in a transaction on 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 owns 94,113 shares of the company’s stock, valued at approximately $4,140,972. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Joseph H. Moglia sold 5,000 shares of the business’s stock in a transaction on 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 directly owns 112,760 shares of the company’s stock, valued at approximately $4,510,400. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JT Stratford LLC lifted its stake in shares of TD Ameritrade by 6.0% during the 4th quarter. JT Stratford LLC now owns 5,260 shares of the financial services provider’s stock valued at $261,000 after buying an additional 297 shares in the last quarter. CSat Investment Advisory L.P. lifted its stake in shares of TD Ameritrade by 14.4% during the 1st quarter. CSat Investment Advisory L.P. now owns 2,545 shares of the financial services provider’s stock valued at $88,000 after buying an additional 320 shares in the last quarter. Sun Life Financial INC lifted its stake in shares of TD Ameritrade by 3.9% during the 1st quarter. Sun Life Financial INC now owns 8,652 shares of the financial services provider’s stock valued at $300,000 after buying an additional 323 shares in the last quarter. Comerica Bank lifted its stake in shares of TD Ameritrade by 3.7% during the 1st quarter. Comerica Bank now owns 10,374 shares of the financial services provider’s stock valued at $381,000 after buying an additional 370 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV lifted its stake in TD Ameritrade by 2.1% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 23,042 shares of the financial services provider’s stock worth $1,145,000 after purchasing an additional 474 shares in the last quarter. Institutional investors 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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