Analysts Expect Trade Desk Inc (TTD) Will Post Earnings of $0.45 Per Share

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.

Several equities analysts recently issued reports on the company. Jefferies Group reissued a “buy” rating and issued a $63.00 target price on shares of Trade Desk in a research report on Friday, November 10th. Vetr raised Trade Desk from a “buy” rating to a “strong-buy” rating and set a $71.76 target price on the stock in a research report on Thursday, November 9th. Zacks Investment Research downgraded Trade Desk from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Royal Bank of Canada upped their target price on Trade Desk from $65.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Finally, BidaskClub raised Trade Desk from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Trade Desk currently has an average rating of “Buy” and a consensus price target of $66.48.

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.

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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.

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