Analysts Expect Trade Desk Inc (TTD) Will Announce Quarterly Sales of $116.66 Million

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Wall Street analysts expect Trade Desk Inc (NASDAQ:TTD) to report sales of $116.66 million for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Trade Desk’s earnings. The highest sales estimate is $117.50 million and the lowest is $115.94 million. Trade Desk reported sales of $79.41 million in the same quarter last year, which indicates a positive year over year growth rate of 46.9%. The company is expected to issue its next earnings results on Thursday, November 8th.

On average, analysts expect that Trade Desk will report full year sales of $456.79 million for the current year, with estimates ranging from $456.03 million to $458.70 million. For the next fiscal year, analysts expect that the firm will post sales of $595.72 million per share, with estimates ranging from $574.40 million to $615.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Trade Desk.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, August 9th. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.16. The company had revenue of $112.30 million during the quarter, compared to analysts’ expectations of $103.87 million. Trade Desk had a return on equity of 21.65% and a net margin of 14.59%. The business’s revenue was up 54.3% on a year-over-year basis. During the same period last year, the business earned $0.52 earnings per share.

TTD has been the subject of a number of research analyst reports. Zacks Investment Research raised Trade Desk from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a report on Friday, August 24th. BidaskClub raised Trade Desk from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 14th. SunTrust Banks lifted their price target on Trade Desk to $120.00 and gave the company a “buy” rating in a report on Friday, August 10th. Macquarie raised Trade Desk to a “buy” rating and lifted their price target for the company from $95.00 to $130.00 in a report on Friday, August 10th. Finally, Pivotal Research initiated coverage on Trade Desk in a report on Monday, July 9th. They issued a “sell” rating and a $58.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $102.89.

Shares of NASDAQ TTD opened at $143.23 on Friday. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of 120.17, a P/E/G ratio of 4.04 and a beta of 3.05. Trade Desk has a 52-week low of $40.70 and a 52-week high of $151.76.

In other Trade Desk news, CFO Paul Ross sold 7,132 shares of the business’s stock in a transaction dated Wednesday, July 18th. The stock was sold at an average price of $94.80, for a total transaction of $676,113.60. Following the completion of the sale, the chief financial officer now directly owns 65,348 shares of the company’s stock, valued at approximately $6,194,990.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Robert David Perdue sold 5,485 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $144.39, for a total value of $791,979.15. Following the sale, the chief operating officer now directly owns 137,578 shares of the company’s stock, valued at $19,864,887.42. The disclosure for this sale can be found here. Insiders have sold a total of 365,636 shares of company stock valued at $37,046,991 over the last three months. Company insiders own 26.87% of the company’s stock.

Large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. bought a new stake in Trade Desk during the 2nd quarter worth about $147,000. Mount Yale Investment Advisors LLC grew its position in shares of Trade Desk by 235.7% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 1,655 shares of the technology company’s stock worth $155,000 after buying an additional 1,162 shares during the period. Strs Ohio acquired a new position in shares of Trade Desk during the 2nd quarter worth about $187,000. CAPROCK Group Inc. acquired a new position in shares of Trade Desk during the 2nd quarter worth about $201,000. Finally, Sawtooth Solutions LLC acquired a new position in shares of Trade Desk during the 2nd quarter worth about $219,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

About Trade Desk

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.

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