TD Ameritrade Holding Corp. (NASDAQ:AMTD) Expected to Announce Earnings of $0.97 Per Share

Analysts expect TD Ameritrade Holding Corp. (NASDAQ:AMTD) to post $0.97 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have issued estimates for TD Ameritrade’s earnings, with the lowest EPS estimate coming in at $0.94 and the highest estimate coming in at $0.99. TD Ameritrade reported earnings of $0.89 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 9%. The firm is expected to report its next quarterly earnings results after the market closes on Monday, July 22nd.

According to Zacks, analysts expect that TD Ameritrade will report full-year earnings of $3.97 per share for the current year, with EPS estimates ranging from $3.93 to $4.00. For the next financial year, analysts expect that the company will report earnings of $4.04 per share, with EPS estimates ranging from $3.86 to $4.26. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow TD Ameritrade.

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

A number of research firms have weighed in on AMTD. Citigroup lowered shares of Apergy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $41.00 to $34.00 in a research note on Tuesday, July 9th. ValuEngine upgraded shares of Valmont Industries from a “sell” rating to a “hold” rating in a research note on Friday, July 12th. Morgan Stanley lifted their target price on shares of Visa from $175.00 to $191.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Compass Point set a $52.00 target price on shares of E*TRADE Financial and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research cut shares of Hope Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $58.86.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMTD. Liberty Wealth Management LLC purchased a new stake in TD Ameritrade during the 1st quarter valued at approximately $33,000. Lenox Wealth Management Inc. purchased a new position in shares of TD Ameritrade in the first quarter valued at $102,000. Kinneret Advisory LLC purchased a new position in shares of TD Ameritrade in the fourth quarter valued at $151,000. Advisor Group Inc. grew its holdings in shares of TD Ameritrade by 37.8% in the fourth quarter. Advisor Group Inc. now owns 3,098 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 850 shares in the last quarter. Finally, Penserra Capital Management LLC grew its holdings in shares of TD Ameritrade by 88.3% in the first quarter. Penserra Capital Management LLC now owns 3,721 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 1,745 shares in the last quarter. Institutional investors own 92.01% of the company’s stock.

NASDAQ AMTD traded down $0.45 on Friday, hitting $50.49. 86,186 shares of the stock traded hands, compared to its average volume of 2,458,455. The company has a 50-day moving average price of $50.61. TD Ameritrade has a twelve month low of $45.70 and a twelve month high of $60.99. The stock has a market capitalization of $27.96 billion, a P/E ratio of 15.12, a P/E/G ratio of 0.85 and a beta of 1.14. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.17 and a quick ratio of 1.17.

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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