TD Ameritrade (NASDAQ:AMTD) issued its earnings results on Monday. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.17, reports. TD Ameritrade had a return on equity of 15.91% and a net margin of 23.72%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the firm posted $0.41 EPS. TD Ameritrade’s quarterly revenue was up 46.3% compared to the same quarter last year. TD Ameritrade updated its FY18 guidance to $2.55-3.05 EPS.
Shares of TD Ameritrade (NASDAQ:AMTD) traded up $0.71 on Monday, reaching $55.88. The company’s stock had a trading volume of 4,570,000 shares, compared to its average volume of 2,590,000. The company has a market cap of $31,700.00, a price-to-earnings ratio of 34.07, a price-to-earnings-growth ratio of 1.03 and a beta of 1.57. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.08 and a quick ratio of 1.08. TD Ameritrade has a 52-week low of $36.12 and a 52-week high of $56.04.
A number of research firms recently weighed in on AMTD. Credit Suisse Group reaffirmed an “underperform” rating and set a $52.00 price target (up from $45.00) on shares of TD Ameritrade in a report on Tuesday, January 16th. BidaskClub raised TD Ameritrade from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 11th. Zacks Investment Research cut TD Ameritrade from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 5th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $67.00 price target (up from $56.00) on shares of TD Ameritrade in a report on Thursday, January 4th. Finally, Barclays raised TD Ameritrade from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $54.00 to $68.00 in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $52.81.
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.
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