TD Ameritrade Holding Corp. (NASDAQ:AMTD) Expected to Announce Earnings of $0.73 Per Share

Equities analysts expect TD Ameritrade Holding Corp. (NASDAQ:AMTD) to post earnings per share (EPS) of $0.73 for the current quarter, according to Zacks. Four analysts have provided estimates for TD Ameritrade’s earnings, with estimates ranging from $0.66 to $0.83. TD Ameritrade reported earnings per share of $1.04 in the same quarter last year, which suggests a negative year over year growth rate of 29.8%. The company is scheduled to issue its next earnings report on Monday, July 27th.

According to Zacks, analysts expect that TD Ameritrade will report full year earnings of $2.95 per share for the current year, with EPS estimates ranging from $2.81 to $3.09. For the next fiscal 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 Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for TD Ameritrade.

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

Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded TD Ameritrade from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Thursday, June 11th. BidaskClub downgraded TD Ameritrade from a “sell” rating to a “strong sell” rating in a research report on Friday. ValuEngine downgraded TD Ameritrade from a “hold” rating to a “sell” rating in a research report on Tuesday. Keefe, Bruyette & Woods downgraded TD Ameritrade from an “outperform” rating to a “market perform” rating in a research report on Sunday, April 19th. Finally, Citigroup downgraded TD Ameritrade from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $40.50 to $39.50 in a research report on Monday, April 27th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. TD Ameritrade has a consensus rating of “Hold” and an average price target of $41.63.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMTD. Principal Financial Group Inc. increased its stake in TD Ameritrade by 1.7% in the fourth quarter. Principal Financial Group Inc. now owns 44,981 shares of the financial services provider’s stock valued at $2,236,000 after acquiring an additional 736 shares during the last quarter. Synovus Financial Corp bought a new position in shares of TD Ameritrade during the fourth quarter valued at about $119,000. Comerica Bank grew its stake in shares of TD Ameritrade by 4.3% during the fourth quarter. Comerica Bank now owns 10,004 shares of the financial services provider’s stock valued at $493,000 after buying an additional 416 shares during the last quarter. ETRADE Capital Management LLC bought a new position in shares of TD Ameritrade during the fourth quarter valued at about $322,000. Finally, FIL Ltd grew its stake in shares of TD Ameritrade by 2.8% during the fourth quarter. FIL Ltd now owns 229,202 shares of the financial services provider’s stock valued at $11,391,000 after buying an additional 6,211 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ 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 business’s fifty day moving average is $38.15 and its two-hundred day moving average is $42.19. TD Ameritrade has a 12 month low of $27.70 and a 12 month high of $53.99. The firm has a market capitalization of $19.88 billion, a price-to-earnings ratio of 9.72, a PEG 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.

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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