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

Analysts expect TD Ameritrade Holding Corp. (NASDAQ:AMTD) to announce earnings of $0.73 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for TD Ameritrade’s earnings, with the highest EPS estimate coming in at $0.83 and the lowest estimate coming in at $0.66. TD Ameritrade posted earnings of $1.04 per share during the same quarter last year, which would suggest a negative year over year growth rate of 29.8%. The business is expected to issue its next quarterly earnings results on Monday, July 27th.

On average, 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 expect that the firm will report earnings of $2.11 per share, with EPS estimates ranging from $1.93 to $2.21. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for TD Ameritrade.

TD Ameritrade (NASDAQ:AMTD) last announced its earnings results on Wednesday, April 22nd. The financial services provider reported $0.86 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.02). The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.40 billion. TD Ameritrade had a return on equity of 23.05% and a net margin of 33.18%. 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 company posted $0.93 EPS.

Several analysts have recently commented on the company. Citigroup cut TD Ameritrade from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $40.50 to $39.50 in a report on Monday, April 27th. Zacks Investment Research raised TD Ameritrade from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Thursday, June 11th. Piper Sandler cut their price target on TD Ameritrade from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Keefe, Bruyette & Woods lowered TD Ameritrade from an “outperform” rating to a “market perform” rating in a research note on Sunday, April 19th. Finally, BidaskClub lowered TD Ameritrade from a “sell” rating to a “strong sell” rating in a research note on Friday. Four 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. TD Ameritrade presently has a consensus rating of “Hold” and an average price target of $41.63.

Shares of AMTD stock traded down $2.54 during trading hours on Friday, hitting $34.21. 12,607,304 shares of the company’s stock were exchanged, compared to its average volume of 4,873,406. The stock’s 50-day moving average is $38.15 and its 200-day moving average is $42.19. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.15 and a quick ratio of 1.14. The stock has a market cap of $19.88 billion, a price-to-earnings ratio of 9.72, a price-to-earnings-growth ratio of 1.64 and a beta of 1.21. TD Ameritrade has a 52 week low of $27.70 and a 52 week high of $53.99.

In other TD Ameritrade news, Director Joseph H. Moglia sold 5,000 shares of the stock in a transaction dated 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 $4,510,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph H. Moglia sold 9,683 shares of the stock in a transaction dated 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. Corporate insiders own 0.44% of the company’s stock.

Several institutional investors have recently made changes to their positions in the business. State Street Corp increased 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 worth $260,350,000 after acquiring an additional 1,492,124 shares in the last quarter. Optimal Asset Management Inc. increased 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 worth $840,000 after acquiring an additional 5,872 shares in the last quarter. Tredje AP fonden increased 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 worth $693,000 after acquiring an additional 3,294 shares in the last quarter. Boussard & Gavaudan Investment Management LLP bought a new stake in shares of TD Ameritrade in the first quarter worth about $4,088,000. Finally, Morgan Stanley grew its holdings in shares of TD Ameritrade by 49.9% during the first quarter. Morgan Stanley now owns 980,381 shares of the financial services provider’s stock worth $33,979,000 after buying an additional 326,320 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

About TD Ameritrade

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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