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Analysts Expect TD Ameritrade Holding Corp. (NASDAQ:AMTD) Will Announce Quarterly Sales of $1.41 Billion

Last updated on Saturday, September 19, 2020 | 2020 MarketBeat

Wall Street analysts expect TD Ameritrade Holding Corp. (NASDAQ:AMTD) to report $1.41 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for TD Ameritrade's earnings, with the lowest sales estimate coming in at $1.33 billion and the highest estimate coming in at $1.48 billion. TD Ameritrade reported sales of $1.56 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 9.6%. The company is expected to announce its next quarterly earnings report on Monday, October 19th.

According to Zacks, analysts expect that TD Ameritrade will report full-year sales of $5.77 billion for the current year, with estimates ranging from $5.68 billion to $5.84 billion. For the next fiscal year, analysts expect that the company will post sales of $5.09 billion, with estimates ranging from $4.80 billion to $5.46 billion. Zacks' sales calculations are a mean average based on a survey of analysts that cover TD Ameritrade.

TD Ameritrade (NASDAQ:AMTD) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.24. TD Ameritrade had a return on equity of 22.51% and a net margin of 32.88%. The firm had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.41 billion.

Several analysts have weighed in on the company. Wolfe Research raised TD Ameritrade from an "underperform" rating to a "peer perform" rating and set a $39.00 price target on the stock in a report on Thursday, July 9th. Deutsche Bank increased their price objective on TD Ameritrade from $37.00 to $38.00 and gave the company a "hold" rating in a research report on Wednesday, July 22nd. Wells Fargo & Company reduced their price objective on TD Ameritrade from $39.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Friday, July 10th. Citigroup increased their price objective on TD Ameritrade from $41.00 to $42.00 and gave the company a "neutral" rating in a research report on Wednesday, July 22nd. Finally, ValuEngine upgraded TD Ameritrade from a "sell" rating to a "hold" rating in a research report on Saturday, September 5th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the company's stock. The company currently has a consensus rating of "Hold" and a consensus target price of $41.62.

NASDAQ:AMTD opened at $38.96 on Friday. The business's 50-day moving average price is $37.79 and its two-hundred day moving average price is $37.03. TD Ameritrade has a twelve month low of $27.70 and a twelve month high of $53.99. The stock has a market cap of $21.07 billion, a P/E ratio of 10.91 and a beta of 1.17. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.39.

The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a dividend of $0.31 per share. The ex-dividend date was Thursday, August 6th. This represents a $1.24 annualized dividend and a yield of 3.18%. TD Ameritrade's payout ratio is 30.02%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. bought a new stake in shares of TD Ameritrade in the 2nd quarter worth approximately $39,000. FNY Investment Advisers LLC grew its position in shares of TD Ameritrade by 101.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 1,208 shares of the financial services provider's stock worth $43,000 after buying an additional 608 shares during the last quarter. Fifth Third Bancorp grew its position in shares of TD Ameritrade by 134.0% in the 1st quarter. Fifth Third Bancorp now owns 1,968 shares of the financial services provider's stock worth $68,000 after buying an additional 1,127 shares during the last quarter. Cerebellum GP LLC bought a new stake in shares of TD Ameritrade in the 2nd quarter worth approximately $126,000. Finally, CSat Investment Advisory L.P. grew its position in shares of TD Ameritrade by 14.4% in the 1st quarter. CSat Investment Advisory L.P. now owns 2,545 shares of the financial services provider's stock worth $88,000 after buying an additional 320 shares during the last quarter. Institutional investors and hedge funds own 43.07% 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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