Wall Street brokerages predict that Trade Desk Inc (NASDAQ:TTD) will post $0.45 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Trade Desk’s earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.40. Trade Desk posted earnings of $0.33 per share in the same quarter last year, which indicates a positive year over year growth rate of 36.4%. The firm is expected to announce its next earnings report on Thursday, February 15th.
On average, analysts expect that Trade Desk will report full year earnings of $1.48 per share for the current fiscal year, with EPS estimates ranging from $1.43 to $1.57. For the next year, analysts anticipate that the company will report earnings of $1.60 per share, with EPS estimates ranging from $1.39 to $1.79. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Trade Desk.
Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, November 9th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.20 by $0.15. Trade Desk had a return on equity of 24.34% and a net margin of 15.93%. The firm had revenue of $79.40 million during the quarter, compared to analyst estimates of $76.84 million. During the same quarter in the prior year, the business posted $0.24 EPS. The business’s revenue for the quarter was up 49.8% compared to the same quarter last year.
In related news, COO Robert David Perdue sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $46.37, for a total value of $347,775.00. Following the transaction, the chief operating officer now directly owns 102,238 shares of the company’s stock, valued at approximately $4,740,776.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brian John Stempeck sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $64.18, for a total transaction of $641,800.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,616 shares of company stock worth $4,964,670. Corporate insiders own 26.87% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Advisor Group Inc. lifted its stake in Trade Desk by 9,856.5% in the 2nd quarter. Advisor Group Inc. now owns 2,290 shares of the technology company’s stock worth $115,000 after purchasing an additional 2,267 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in Trade Desk by 665.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,334 shares of the technology company’s stock worth $117,000 after purchasing an additional 2,029 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in Trade Desk by 57.7% in the 3rd quarter. Great West Life Assurance Co. Can now owns 2,838 shares of the technology company’s stock worth $165,000 after purchasing an additional 1,038 shares in the last quarter. Principal Financial Group Inc. purchased a new position in Trade Desk in the 3rd quarter worth approximately $234,000. Finally, Legal & General Group Plc lifted its stake in Trade Desk by 75.4% in the 2nd quarter. Legal & General Group Plc now owns 3,872 shares of the technology company’s stock worth $195,000 after purchasing an additional 1,664 shares in the last quarter. 65.38% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Trade Desk (NASDAQ:TTD) opened at $47.65 on Friday. Trade Desk has a twelve month low of $26.52 and a twelve month high of $67.30. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $1,960.00 and a price-to-earnings ratio of 46.72.
COPYRIGHT VIOLATION NOTICE: “Analysts Expect Trade Desk Inc (TTD) Will Post Earnings of $0.45 Per Share” was reported by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/05/analysts-expect-trade-desk-inc-ttd-will-post-earnings-of-0-45-per-share.html.
Trade Desk Company Profile
The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Trade Desk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trade Desk and related companies with MarketBeat.com's FREE daily email newsletter.