Brokerages Expect TD Ameritrade Holding Corp. (AMTD) Will Announce Quarterly Sales of $1.44 Billion

Equities research analysts forecast that TD Ameritrade Holding Corp. (NASDAQ:AMTD) will report sales of $1.44 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for TD Ameritrade’s earnings, with estimates ranging from $1.42 billion to $1.46 billion. TD Ameritrade posted sales of $1.26 billion during the same quarter last year, which suggests a positive year over year growth rate of 14.3%. The company is scheduled to announce its next quarterly earnings report on Monday, January 28th.

On average, analysts expect that TD Ameritrade will report full year sales of $5.92 billion for the current fiscal year, with estimates ranging from $5.80 billion to $5.96 billion. For the next fiscal year, analysts forecast that the firm will report sales of $6.41 billion, with estimates ranging from $6.33 billion to $6.48 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover TD Ameritrade.

TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings results on Monday, October 22nd. The financial services provider reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.04. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. TD Ameritrade had a return on equity of 24.54% and a net margin of 27.02%. The business’s quarterly revenue was up 42.2% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share.

A number of equities research analysts have commented on AMTD shares. Bank of America decreased their price target on TD Ameritrade from $67.00 to $63.00 and set a “buy” rating on the stock in a report on Wednesday, September 26th. BidaskClub raised TD Ameritrade from a “hold” rating to a “buy” rating in a report on Thursday, August 30th. Wolfe Research began coverage on TD Ameritrade in a report on Tuesday, September 25th. They issued an “underperform” rating on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a $62.00 target price on shares of TD Ameritrade in a report on Friday, July 13th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $68.50 target price on shares of TD Ameritrade in a report on Tuesday, July 24th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $63.45.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Chicago Partners Investment Group LLC bought a new stake in TD Ameritrade during the second quarter worth approximately $115,000. IFP Advisors Inc increased its stake in TD Ameritrade by 255.4% during the third quarter. IFP Advisors Inc now owns 2,207 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 1,586 shares during the last quarter. Commerce Bank bought a new stake in TD Ameritrade during the third quarter worth approximately $210,000. Chesley Taft & Associates LLC bought a new stake in TD Ameritrade during the third quarter worth approximately $220,000. Finally, First Mercantile Trust Co. increased its stake in TD Ameritrade by 38.5% during the second quarter. First Mercantile Trust Co. now owns 4,357 shares of the financial services provider’s stock worth $239,000 after acquiring an additional 1,211 shares during the last quarter. 91.33% of the stock is currently owned by institutional investors.

NASDAQ:AMTD traded down $0.79 on Friday, reaching $52.50. 1,440,574 shares of the company’s stock traded hands, compared to its average volume of 2,691,020. The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The stock has a market cap of $30.27 billion, a PE ratio of 15.96, a P/E/G ratio of 0.61 and a beta of 1.23. TD Ameritrade has a 12 month low of $48.03 and a 12 month high of $63.01.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Tuesday, November 6th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.29%. This is a boost from TD Ameritrade’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, November 5th.

About TD Ameritrade

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.

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

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