Brokers Set Expectations for TD Ameritrade Holding Corp.’s Q1 2018 Earnings (NASDAQ:AMTD)

TD Ameritrade Holding Corp. (NASDAQ:AMTD) – Jefferies Group lifted their Q1 2018 EPS estimates for TD Ameritrade in a research note issued to investors on Monday, Zacks Investment Research reports. Jefferies Group analyst D. Fannon now forecasts that the financial services provider will post earnings per share of $0.50 for the quarter, up from their prior forecast of $0.47. Jefferies Group currently has a “Hold” rating and a $46.00 price objective on the stock. Jefferies Group also issued estimates for TD Ameritrade’s Q2 2018 earnings at $0.58 EPS, Q3 2018 earnings at $0.68 EPS and Q4 2018 earnings at $0.75 EPS.

A number of other equities research analysts also recently weighed in on AMTD. BidaskClub upgraded TD Ameritrade from a “hold” rating to a “buy” rating in a research report on Saturday, September 23rd. Goldman Sachs Group restated a “neutral” rating and set a $53.00 target price on shares of TD Ameritrade in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded TD Ameritrade from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective for the company in a report on Tuesday, October 3rd. Morgan Stanley upped their price objective on TD Ameritrade from $43.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday, October 5th. Finally, Bank of America downgraded TD Ameritrade from a “buy” rating to a “neutral” rating and increased their price target for the stock from $51.00 to $52.00 in a report on Monday, October 9th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $52.81.

TD Ameritrade (AMTD) traded up $0.09 during mid-day trading on Tuesday, hitting $54.59. The stock had a trading volume of 2,440,500 shares, compared to its average volume of 2,742,410. The company has a market capitalization of $30,950.00, a P/E ratio of 33.29, a P/E/G ratio of 1.04 and a beta of 1.57. TD Ameritrade has a 12 month low of $36.12 and a 12 month high of $55.29. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.37.

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

Hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its position in shares of TD Ameritrade by 10.5% during the second quarter. Public Employees Retirement System of Ohio now owns 113,288 shares of the financial services provider’s stock worth $4,870,000 after buying an additional 10,781 shares during the period. BT Investment Management Ltd boosted its position in shares of TD Ameritrade by 4.2% during the third quarter. BT Investment Management Ltd now owns 3,591,397 shares of the financial services provider’s stock worth $175,260,000 after buying an additional 143,923 shares during the period. Toronto Dominion Bank boosted its position in shares of TD Ameritrade by 5.0% during the third quarter. Toronto Dominion Bank now owns 234,004,635 shares of the financial services provider’s stock worth $11,419,426,000 after buying an additional 11,082,105 shares during the period. Personal Capital Advisors Corp boosted its position in shares of TD Ameritrade by 0.7% during the third quarter. Personal Capital Advisors Corp now owns 806,815 shares of the financial services provider’s stock worth $39,373,000 after buying an additional 5,783 shares during the period. Finally, Virginia Retirement Systems ET AL boosted its position in shares of TD Ameritrade by 924.4% during the third quarter. Virginia Retirement Systems ET AL now owns 84,000 shares of the financial services provider’s stock worth $4,099,000 after buying an additional 75,800 shares during the period. 88.52% of the stock is owned by institutional investors.

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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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