TD Ameritrade Holding Corp. (NASDAQ:AMTD) announced its earnings results on Monday. The financial services provider reported $1.05 EPS for the quarter, beating the consensus estimate of $0.97 by $0.08, Briefing.com reports. TD Ameritrade had a return on equity of 27.18% and a net margin of 36.72%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the business posted $0.92 earnings per share. TD Ameritrade’s revenue was up 11.4% compared to the same quarter last year. TD Ameritrade updated its FY 2020 guidance to EPS.
NASDAQ:AMTD opened at $38.75 on Thursday. The firm has a market capitalization of $20.93 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 1.44 and a beta of 1.21. TD Ameritrade Holding Corp. has a 1-year low of $32.69 and a 1-year high of $57.88. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.41. The business’s fifty day moving average price is $42.14 and its 200 day moving average price is $48.18.
Several research firms recently weighed in on AMTD. Wells Fargo & Co lowered TD Ameritrade from an “outperform” rating to an “underperform” rating and dropped their price target for the company from $58.00 to $30.00 in a research report on Thursday, October 3rd. Morgan Stanley upped their price target on TD Ameritrade from $53.00 to $54.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Gabelli reissued a “buy” rating on shares of TD Ameritrade in a research report on Wednesday, July 24th. UBS Group upped their price target on TD Ameritrade from $33.00 to $39.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Citigroup lowered TD Ameritrade from a “neutral” rating to a “sell” rating and dropped their price target for the company from $35.50 to $27.00 in a research report on Monday, October 14th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. TD Ameritrade has an average rating of “Hold” and an average target price of $44.64.
TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors and traders, and independent registered investment advisors (RIAs) in the United States. It offers trade execution, clearing, and margin lending services; futures and foreign exchange trade execution services; and trustee, custodial, and other trust-related services to retirement plans and other custodial accounts, as well as provides cash sweep and deposit account products through third-party relationships.
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