$0.97 EPS Expected for TD Ameritrade Holding Corp. (NASDAQ:AMTD) This Quarter

Wall Street analysts expect TD Ameritrade Holding Corp. (NASDAQ:AMTD) to announce earnings of $0.97 per share for the current quarter, Zacks reports. Four analysts have issued estimates for TD Ameritrade’s earnings, with estimates ranging from $0.96 to $0.99. TD Ameritrade posted earnings per share of $0.89 during the same quarter last year, which would indicate a positive year-over-year growth rate of 9%. The business is expected to report its next earnings results after the market closes on Monday, July 22nd.

On average, analysts expect that TD Ameritrade will report full year earnings of $4.00 per share for the current fiscal year, with EPS estimates ranging from $3.97 to $4.04. For the next financial year, analysts forecast that the firm will report earnings of $4.28 per share, with EPS estimates ranging from $4.05 to $4.35. Zacks’ EPS averages are an average based on a survey of research analysts that follow TD Ameritrade.

TD Ameritrade (NASDAQ:AMTD) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $0.93 earnings per share for the quarter, hitting the consensus estimate of $0.93. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.46 billion. TD Ameritrade had a return on equity of 26.73% and a net margin of 34.94%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.73 earnings per share.

Several research firms recently weighed in on AMTD. Barclays lifted their price objective on TD Ameritrade from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, March 18th. Zacks Investment Research upgraded TD Ameritrade from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Wednesday, March 13th. BidaskClub upgraded TD Ameritrade from a “sell” rating to a “hold” rating in a report on Thursday, May 9th. Bank of America set a $60.00 price objective on TD Ameritrade and gave the company a “buy” rating in a report on Tuesday, April 9th. Finally, Wolfe Research upgraded TD Ameritrade from an “underperform” rating to a “market perform” rating in a report on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $61.38.

Shares of AMTD stock traded up $0.36 on Wednesday, hitting $48.65. The stock had a trading volume of 3,606,726 shares, compared to its average volume of 2,286,607. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.17 and a current ratio of 1.17. The business has a 50 day moving average price of $51.47. The company has a market capitalization of $27.00 billion, a P/E ratio of 14.57, a PEG ratio of 0.73 and a beta of 1.22. TD Ameritrade has a one year low of $45.70 and a one year high of $60.99.

A number of institutional investors have recently made changes to their positions in AMTD. Vanguard Group Inc grew its stake in shares of TD Ameritrade by 0.3% during the third quarter. Vanguard Group Inc now owns 15,634,496 shares of the financial services provider’s stock worth $825,971,000 after acquiring an additional 42,680 shares during the last quarter. BlackRock Inc. boosted its position in TD Ameritrade by 7.2% in the first quarter. BlackRock Inc. now owns 15,155,722 shares of the financial services provider’s stock valued at $757,634,000 after buying an additional 1,012,753 shares during the last quarter. Boston Partners boosted its position in TD Ameritrade by 5.8% in the fourth quarter. Boston Partners now owns 6,799,245 shares of the financial services provider’s stock valued at $332,891,000 after buying an additional 373,417 shares during the last quarter. JPMorgan Chase & Co. boosted its position in TD Ameritrade by 46.6% in the first quarter. JPMorgan Chase & Co. now owns 4,704,467 shares of the financial services provider’s stock valued at $235,175,000 after buying an additional 1,496,455 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in TD Ameritrade by 24.7% in the first quarter. First Trust Advisors LP now owns 4,634,288 shares of the financial services provider’s stock valued at $231,668,000 after buying an additional 917,454 shares during the last quarter. Institutional investors and hedge funds own 92.03% of the company’s stock.

TD Ameritrade Company Profile

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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