$0.50 Earnings Per Share Expected for TD Ameritrade Holding Corp. (AMTD) This Quarter

Analysts expect TD Ameritrade Holding Corp. (NASDAQ:AMTD) to report earnings per share (EPS) of $0.50 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for TD Ameritrade’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.53. TD Ameritrade posted earnings of $0.41 per share in the same quarter last year, which indicates a positive year over year growth rate of 22%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Monday, January 22nd.

According to Zacks, analysts expect that TD Ameritrade will report full year earnings of $2.53 per share for the current fiscal year, with EPS estimates ranging from $2.28 to $2.75. For the next year, analysts expect that the business will post earnings of $3.18 per share, with EPS estimates ranging from $2.85 to $3.70. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for TD Ameritrade.

TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. TD Ameritrade had a net margin of 23.72% and a return on equity of 15.91%. The firm had revenue of $983.00 million for the quarter, compared to the consensus estimate of $958.57 million. During the same quarter in the previous year, the company earned $0.35 earnings per share. The business’s revenue was up 18.6% compared to the same quarter last year.

A number of equities research analysts have weighed in on the stock. Barclays upgraded shares of TD Ameritrade from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $54.00 to $68.00 in a research note on Monday. Wells Fargo & Co reiterated an “outperform” rating and set a $67.00 price target (up previously from $56.00) on shares of TD Ameritrade in a research note on Thursday, January 4th. Citigroup reiterated a “neutral” rating and set a $50.00 price target on shares of TD Ameritrade in a research note on Tuesday, October 10th. BidaskClub upgraded shares of TD Ameritrade from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th. Finally, Goldman Sachs Group reiterated a “neutral” rating and set a $53.00 price target on shares of TD Ameritrade in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $52.38.

Large investors have recently modified their holdings of the company. Crow Point Partners LLC bought a new position in shares of TD Ameritrade in the third quarter valued at about $102,000. Federated Investors Inc. PA raised its holdings in shares of TD Ameritrade by 5.1% in the second quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock valued at $174,000 after buying an additional 198 shares during the last quarter. Gamco Investors INC. ET AL bought a new position in shares of TD Ameritrade in the third quarter valued at about $203,000. Fox Run Management L.L.C. bought a new position in shares of TD Ameritrade in the third quarter valued at about $220,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of TD Ameritrade by 27.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,620 shares of the financial services provider’s stock valued at $199,000 after buying an additional 1,008 shares during the last quarter. Institutional investors own 88.56% of the company’s stock.

TD Ameritrade (NASDAQ AMTD) traded up $0.05 on Friday, reaching $53.72. 4,051,681 shares of the company’s stock were exchanged, compared to its average volume of 3,021,171. TD Ameritrade has a 1 year low of $36.12 and a 1 year high of $54.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $30,570.00, a P/E ratio of 32.76, a P/E/G ratio of 1.06 and a beta of 1.57.

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TD Ameritrade Company Profile

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

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