$1.47 Billion in Sales Expected for TD Ameritrade Holding Corp. (AMTD) This Quarter

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.

A number of brokerages recently weighed in on AMTD. Citigroup upped their price target on shares of TD Ameritrade from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 24th. Morgan Stanley decreased their price target on shares of TD Ameritrade from $65.00 to $59.00 and set an “overweight” rating for the company in a research report on Friday, January 4th. Bank of America decreased their price target on shares of TD Ameritrade from $67.00 to $63.00 and set a “buy” rating for the company in a research report on Wednesday, September 26th. Barclays cut their price objective on shares of TD Ameritrade from $69.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, October 24th. Finally, UBS Group upgraded shares of TD Ameritrade from a “neutral” rating to a “buy” rating in a report on Monday, November 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $62.39.

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

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