Trade Desk Inc (TTD) Expected to Post Earnings of $0.45 Per Share

Brokerages expect that Trade Desk Inc (NASDAQ:TTD) will report earnings per share (EPS) of $0.45 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Trade Desk’s earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.55. Trade Desk reported earnings per share of $0.33 in the same quarter last year, which would suggest a positive year-over-year growth rate of 36.4%. The business is expected to report its next quarterly earnings results on Thursday, February 15th.

According to Zacks, analysts expect that Trade Desk will report full year earnings of $1.50 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 business will post earnings of $1.79 per share, with EPS estimates ranging from $1.61 to $2.01. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Trade Desk.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, November 9th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.15. The firm had revenue of $79.40 million during the quarter, compared to the consensus estimate of $76.84 million. Trade Desk had a net margin of 15.93% and a return on equity of 24.34%. The company’s revenue for the quarter was up 49.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 earnings per share.

Several research firms have recently weighed in on TTD. JMP Securities began coverage on shares of Trade Desk in a research report on Monday, October 2nd. They set an “outperform” rating and a $70.00 price objective for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $65.00 price objective on shares of Trade Desk in a research report on Monday, October 2nd. Susquehanna Bancshares reiterated a “positive” rating and set a $66.00 price objective on shares of Trade Desk in a research report on Wednesday, October 4th. Needham & Company LLC reiterated a “buy” rating and set a $66.00 price objective (up from $62.00) on shares of Trade Desk in a research report on Thursday, October 5th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $67.00 price objective (up from $62.00) on shares of Trade Desk in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $63.60.

Trade Desk (NASDAQ TTD) opened at $47.36 on Monday. The stock has a market cap of $1,945.27, a price-to-earnings ratio of 46.89, a PEG ratio of 1.23 and a beta of 5.35. Trade Desk has a 52 week low of $28.11 and a 52 week high of $67.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.56 and a current ratio of 1.56.

In related news, COO Robert David Perdue sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $64.87, for a total transaction of $810,875.00. Following the transaction, the chief operating officer now directly owns 82,409 shares of the company’s stock, valued at $5,345,871.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $66.26, for a total transaction of $596,340.00. Following the transaction, the chief executive officer now directly owns 99,400 shares in the company, valued at $6,586,244. The disclosure for this sale can be found here. Insiders sold 92,888 shares of company stock valued at $4,936,706 over the last 90 days. Corporate insiders own 26.87% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Trade Desk by 79.9% in the second quarter. Vanguard Group Inc. now owns 1,995,138 shares of the technology company’s stock worth $99,976,000 after acquiring an additional 885,916 shares during the period. Lord Abbett & CO. LLC increased its stake in shares of Trade Desk by 109.6% in the second quarter. Lord Abbett & CO. LLC now owns 1,432,273 shares of the technology company’s stock worth $71,771,000 after purchasing an additional 748,795 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Trade Desk by 193.5% in the second quarter. Renaissance Technologies LLC now owns 828,300 shares of the technology company’s stock worth $41,506,000 after purchasing an additional 546,100 shares in the last quarter. Macquarie Group Ltd. purchased a new position in shares of Trade Desk in the third quarter worth about $32,658,000. Finally, Janus Henderson Group PLC purchased a new position in shares of Trade Desk in the second quarter worth about $24,342,000. 65.54% of the stock is currently owned by institutional investors.

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About Trade Desk

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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