TD Ameritrade (AMTD) Issues FY18 Earnings Guidance

TD Ameritrade (NASDAQ:AMTD) updated its FY18 earnings guidance on Monday. The company provided EPS guidance of $2.55-3.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.69.

A number of research firms have recently issued reports on AMTD. Deutsche Bank raised their price objective on TD Ameritrade from $49.00 to $53.00 and gave the company a hold rating in a research report on Wednesday, October 25th. Wells Fargo & Co reiterated an outperform rating and set a $67.00 target price (up previously from $56.00) on shares of TD Ameritrade in a research note on Thursday, January 4th. Zacks Investment Research upgraded TD Ameritrade from a hold rating to a strong-buy rating and set a $56.00 target price on the stock in a research note on Tuesday, October 3rd. Citigroup reiterated a neutral rating and set a $50.00 target price on shares of TD Ameritrade in a research note on Tuesday, October 10th. Finally, BidaskClub lowered TD Ameritrade from a strong-buy rating to a buy rating in a research note on Friday, December 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $52.81.

TD Ameritrade (AMTD) traded up $0.21 during trading on Monday, reaching $55.17. The company’s stock had a trading volume of 2,936,900 shares, compared to its average volume of 2,693,446. TD Ameritrade has a 12-month low of $36.12 and a 12-month high of $55.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $31,700.00, a price-to-earnings ratio of 33.64, a PEG ratio of 1.03 and a beta of 1.57.

TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. TD Ameritrade had a return on equity of 15.91% and a net margin of 23.72%. The firm had revenue of $983.00 million for the quarter, compared to analyst estimates of $958.57 million. During the same quarter last year, the company earned $0.35 EPS. The company’s revenue was up 18.6% on a year-over-year basis. equities analysts expect that TD Ameritrade will post 2.68 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “TD Ameritrade (AMTD) Issues FY18 Earnings Guidance” was published by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://www.americanbankingnews.com/2018/01/22/td-ameritrade-amtd-issues-fy18-earnings-guidance.html.

About TD Ameritrade

TD Ameritrade Holding Corporation is a provider of securities brokerage services and related technology-based financial services. The Company provides its services to retail investors, traders and independent registered investment advisors (RIAs). The Company provides its services through the Internet, a national branch network and relationships with RIAs.

Earnings History and Estimates for TD Ameritrade (NASDAQ:AMTD)

Receive News & Ratings for TD Ameritrade Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TD Ameritrade and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply