Analysts expect that TD Ameritrade Holding Corp. (NASDAQ:AMTD) will report sales of $1.47 billion for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for TD Ameritrade’s earnings. The highest sales estimate is $1.50 billion and the lowest is $1.44 billion. TD Ameritrade posted sales of $1.26 billion during the same quarter last year, which indicates a positive year over year growth rate of 16.7%. The company is scheduled to announce its next earnings results after the market closes on Tuesday, January 22nd.
On average, analysts expect that TD Ameritrade will report full year sales of $5.88 billion for the current year, with estimates ranging from $5.69 billion to $5.95 billion. For the next year, analysts expect that the firm will post sales of $6.28 billion, with estimates ranging from $6.21 billion to $6.43 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for TD Ameritrade.
TD Ameritrade (NASDAQ:AMTD) last announced its quarterly earnings results on Monday, October 22nd. The financial services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.04. TD Ameritrade had a net margin of 27.02% and a return on equity of 24.54%. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the company earned $0.49 EPS. The firm’s revenue was up 42.2% on a year-over-year basis.
Shares of TD Ameritrade stock opened at $51.50 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.15 and a quick ratio of 1.15. TD Ameritrade has a twelve month low of $45.70 and a twelve month high of $63.01. The firm has a market cap of $29.17 billion, a P/E ratio of 15.42, a price-to-earnings-growth ratio of 0.65 and a beta of 1.18.
A number of hedge funds have recently modified their holdings of AMTD. CENTRAL TRUST Co raised its stake in shares of TD Ameritrade by 76.3% in the 4th quarter. CENTRAL TRUST Co now owns 543 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 235 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of TD Ameritrade in the 2nd quarter valued at about $115,000. IFP Advisors Inc raised its stake in shares of TD Ameritrade by 255.4% in the 3rd quarter. IFP Advisors Inc now owns 2,207 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 1,586 shares in the last quarter. Commerce Bank acquired a new stake in shares of TD Ameritrade in the 3rd quarter valued at about $210,000. Finally, Chesley Taft & Associates LLC acquired a new stake in shares of TD Ameritrade in the 3rd quarter valued at about $220,000. Hedge funds and other institutional investors own 91.20% 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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