Analysts expect that TD Ameritrade Holding Corp. (NASDAQ:AMTD) will announce sales of $1.30 billion for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for TD Ameritrade’s earnings. The highest sales estimate is $1.32 billion and the lowest is $1.28 billion. TD Ameritrade posted sales of $904.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 43.8%. The business is expected to announce its next quarterly earnings report on Wednesday, April 18th.
On average, analysts expect that TD Ameritrade will report full year sales of $1.30 billion for the current financial year, with estimates ranging from $5.13 billion to $5.23 billion. For the next financial year, analysts anticipate that the firm will post sales of $5.63 billion per share, with estimates ranging from $5.42 billion to $5.81 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow TD Ameritrade.
TD Ameritrade (NASDAQ:AMTD) last issued its earnings results on Monday, January 22nd. The financial services provider reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.29. TD Ameritrade had a net margin of 23.39% and a return on equity of 18.27%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.20 billion.
Shares of TD Ameritrade (NASDAQ AMTD) opened at $54.69 on Monday. TD Ameritrade has a one year low of $36.12 and a one year high of $58.83. The stock has a market cap of $31,029.42, a price-to-earnings ratio of 25.68, a P/E/G ratio of 0.91 and a beta of 1.50. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Tuesday, February 6th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Monday, February 5th. TD Ameritrade’s payout ratio is 48.00%.
In other TD Ameritrade news, EVP Thomas A. Nally sold 17,243 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $56.13, for a total transaction of $967,849.59. Following the completion of the transaction, the executive vice president now directly owns 160,079 shares of the company’s stock, valued at approximately $8,985,234.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph H. Moglia sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $55.28, for a total transaction of $552,800.00. Following the transaction, the director now directly owns 145,000 shares of the company’s stock, valued at $8,015,600. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.
A number of institutional investors have recently bought and sold shares of AMTD. Toronto Dominion Bank lifted its stake in shares of TD Ameritrade by 5.0% in the 3rd quarter. Toronto Dominion Bank now owns 234,004,635 shares of the financial services provider’s stock worth $11,419,426,000 after acquiring an additional 11,082,105 shares during the period. Janus Henderson Group PLC lifted its stake in shares of TD Ameritrade by 2.3% in the 3rd quarter. Janus Henderson Group PLC now owns 20,878,793 shares of the financial services provider’s stock worth $1,018,884,000 after acquiring an additional 473,846 shares during the period. BlackRock Inc. lifted its stake in shares of TD Ameritrade by 4.2% in the 4th quarter. BlackRock Inc. now owns 14,003,570 shares of the financial services provider’s stock worth $715,999,000 after acquiring an additional 570,868 shares during the period. State Street Corp lifted its stake in shares of TD Ameritrade by 0.5% in the 2nd quarter. State Street Corp now owns 4,752,164 shares of the financial services provider’s stock worth $204,291,000 after acquiring an additional 23,599 shares during the period. Finally, Boston Partners lifted its stake in shares of TD Ameritrade by 41.6% in the 4th quarter. Boston Partners now owns 4,156,751 shares of the financial services provider’s stock worth $212,535,000 after acquiring an additional 1,221,924 shares during the period. 88.39% of the stock is owned by hedge funds and other institutional investors.
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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.
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