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.
Featured Story: Quantitative Easing
Get a free copy of the Zacks research report on TD Ameritrade (AMTD)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
7 Valuable China Stocks That May Get Delisted
As if investors didn’t have enough to think about in 2020, tensions between the United States and China are continuing to flare up. One of the issues, of course, is the “what did they know and when did they know it” events surrounding the novel coronavirus. There are also issues surrounding global supply chains and the fate of 5G networking.
But another issue that should be drawing the concern of investors is the threat of Chinese stocks being delisted from American exchanges. On Friday, June 26 Luckin Coffee was delisted from the NASDAQ. The company had been in hot water since reports early this year that it had credited itself with thousands of phantom sales.
But that isn’t the reason for the delisting. The reality is that Chinese companies don’t abide by the same agreed upon accounting standards as American companies. And that can make it harder for investors to get an accurate picture of what is going on with their business at a given moment.
However, like most issues between the two countries, it’s not as simple as that. There are Chinese companies that are considering voluntarily and unilaterally removing themselves from American exchanges and list on the Hong Kong or Shanghai exchanges.
While neither of these moves would mean that U.S. investors would be prohibited from trading these stocks, it could make it more difficult.
U.S. relations with China will be an issue during this election year, and likely beyond. It would be well worth your time and attention to pay careful attention to your current or planned exposure to these China stocks.
View the "7 Valuable China Stocks That May Get Delisted".