Analysts Expect TD Ameritrade Holding Corp. (AMTD) Will Post Earnings of $0.88 Per Share

Wall Street brokerages expect TD Ameritrade Holding Corp. (NASDAQ:AMTD) to post $0.88 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have issued estimates for TD Ameritrade’s earnings, with estimates ranging from $0.84 to $0.91. TD Ameritrade reported earnings per share of $0.49 in the same quarter last year, which suggests a positive year-over-year growth rate of 79.6%. The company is scheduled to issue its next earnings report after the market closes on Monday, October 22nd.

According to Zacks, analysts expect that TD Ameritrade will report full year earnings of $3.30 per share for the current financial year, with EPS estimates ranging from $3.26 to $3.32. For the next year, analysts anticipate that the firm will post earnings of $3.88 per share, with EPS estimates ranging from $3.60 to $4.04. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for TD Ameritrade.

TD Ameritrade (NASDAQ:AMTD) last issued its earnings results on Monday, July 23rd. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.10. TD Ameritrade had a return on equity of 21.71% and a net margin of 24.42%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the business earned $0.44 EPS. The company’s revenue for the quarter was up 48.4% on a year-over-year basis.

AMTD has been the subject of a number of research reports. BidaskClub cut TD Ameritrade from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 14th. ValuEngine cut TD Ameritrade from a “buy” rating to a “hold” rating in a report on Saturday, June 16th. Barclays boosted their price target on TD Ameritrade from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, July 12th. Morgan Stanley reduced their price target on TD Ameritrade from $66.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 12th. Finally, Raymond James reduced their price target on TD Ameritrade from $74.00 to $71.00 and set an “outperform” rating on the stock in a research report on Friday, July 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $64.66.

In related news, EVP Peter J. Desilva purchased 5,000 shares of TD Ameritrade stock in a transaction that occurred on Tuesday, August 21st. The shares were purchased at an average cost of $56.73 per share, with a total value of $283,650.00. Following the transaction, the executive vice president now owns 24,000 shares of the company’s stock, valued at approximately $1,361,520. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.44% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in AMTD. Natixis Advisors L.P. acquired a new position in shares of TD Ameritrade in the 1st quarter valued at approximately $808,000. PNC Financial Services Group Inc. raised its position in shares of TD Ameritrade by 230.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 44,133 shares of the financial services provider’s stock valued at $2,613,000 after purchasing an additional 30,786 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of TD Ameritrade in the 1st quarter valued at approximately $450,000. Asset Management One Co. Ltd. raised its position in shares of TD Ameritrade by 1.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 420,104 shares of the financial services provider’s stock valued at $24,883,000 after purchasing an additional 5,839 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of TD Ameritrade by 21.1% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 84,673 shares of the financial services provider’s stock valued at $5,016,000 after purchasing an additional 14,737 shares in the last quarter. 90.94% of the stock is currently owned by institutional investors.

Shares of NASDAQ:AMTD opened at $50.80 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.13 and a quick ratio of 1.13. TD Ameritrade has a 1 year low of $46.66 and a 1 year high of $63.01. The stock has a market cap of $29.99 billion, a PE ratio of 27.61, a PEG ratio of 0.57 and a beta of 1.33.

TD Ameritrade Company Profile

TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services include tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform for investors and traders to identify opportunities and stay informed; thinkorswim, a desktop platform for traders; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts.

Further Reading: Earnings Per Share (EPS)

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

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