Equities research analysts expect that TD Ameritrade Holding Corp. (NASDAQ:AMTD) will post $0.41 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for TD Ameritrade Holding Corp.’s earnings, with estimates ranging from $0.39 to $0.48. TD Ameritrade Holding Corp. posted earnings per share of $0.39 in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.1%. The company is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, July 18th.
On average, analysts expect that TD Ameritrade Holding Corp. will report full year earnings of $1.65 per share for the current fiscal year, with EPS estimates ranging from $1.61 to $1.70. For the next year, analysts expect that the firm will post earnings of $1.93 per share, with EPS estimates ranging from $1.77 to $2.11. Zacks’ earnings per share averages are an average based on a survey of research firms that follow TD Ameritrade Holding Corp..
TD Ameritrade Holding Corp. (NASDAQ:AMTD) last issued its quarterly earnings results on Wednesday, April 19th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.01. TD Ameritrade Holding Corp. had a net margin of 25.09% and a return on equity of 16.21%. The firm had revenue of $904 million for the quarter, compared to analyst estimates of $882.25 million. During the same quarter last year, the business posted $0.38 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year.
Several brokerages have commented on AMTD. SunTrust Banks, Inc. reiterated a “buy” rating and set a $50.00 target price on shares of TD Ameritrade Holding Corp. in a research report on Tuesday, February 28th. Zacks Investment Research cut shares of TD Ameritrade Holding Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, February 15th. Credit Suisse Group AG upgraded shares of TD Ameritrade Holding Corp. from a “neutral” rating to an “outperform” rating and set a $48.00 target price for the company in a research report on Friday, February 3rd. Jefferies Group LLC reiterated a “hold” rating and set a $41.00 target price on shares of TD Ameritrade Holding Corp. in a research report on Wednesday, March 1st. Finally, Deutsche Bank AG dropped their target price on shares of TD Ameritrade Holding Corp. from $38.00 to $37.00 and set a “hold” rating for the company in a research report on Monday, April 24th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $41.67.
Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) traded up 0.244% during trading on Tuesday, hitting $39.065. The stock had a trading volume of 2,251,848 shares. The stock’s 50 day moving average is $38.34 and its 200 day moving average is $40.66. The stock has a market capitalization of $20.63 billion, a price-to-earnings ratio of 24.264 and a beta of 1.63. TD Ameritrade Holding Corp. has a 52 week low of $26.37 and a 52 week high of $47.41.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 16th. Stockholders of record on Tuesday, May 2nd will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, April 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.84%. TD Ameritrade Holding Corp.’s dividend payout ratio is 45.28%.
In other news, Director Joseph H. Moglia sold 20,000 shares of the stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $39.18, for a total transaction of $783,600.00. Following the completion of the transaction, the director now directly owns 190,000 shares in the company, valued at approximately $7,444,200. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.42% of the company’s stock.
Several institutional investors have recently bought and sold shares of AMTD. Van ECK Associates Corp increased its position in TD Ameritrade Holding Corp. by 9.7% in the fourth quarter. Van ECK Associates Corp now owns 3,366 shares of the financial services provider’s stock worth $147,000 after buying an additional 297 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in TD Ameritrade Holding Corp. by 1.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,394 shares of the financial services provider’s stock worth $171,000 after buying an additional 44 shares in the last quarter. Trexquant Investment LP acquired a new position in TD Ameritrade Holding Corp. during the fourth quarter worth approximately $201,000. Pitcairn Co. acquired a new position in TD Ameritrade Holding Corp. during the fourth quarter worth approximately $205,000. Finally, Numeric Investors LLC acquired a new position in TD Ameritrade Holding Corp. during the fourth quarter worth approximately $205,000. Institutional investors own 88.69% of the company’s stock.
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TD Ameritrade Holding Corp. 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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