TD Ameritrade (NASDAQ:AMTD) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

TD Ameritrade Holding Corp. (NASDAQ:AMTD) announced its earnings results on Tuesday. The financial services provider reported $0.74 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.03), Briefing.com reports. TD Ameritrade had a net margin of 36.72% and a return on equity of 27.18%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the company earned $1.11 EPS. The firm’s revenue for the quarter was down 14.8% on a year-over-year basis.

TD Ameritrade stock opened at $50.75 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.17 and a current ratio of 1.17. The stock’s 50 day simple moving average is $50.61 and its two-hundred day simple moving average is $46.17. TD Ameritrade Holding Corp. has a fifty-two week low of $32.69 and a fifty-two week high of $57.88. The stock has a market cap of $27.37 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 1.50 and a beta of 1.29.

In other news, CEO Stephen J. Boyle sold 18,180 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $52.25, for a total value of $949,905.00. Following the completion of the sale, the chief executive officer now directly owns 186,522 shares in the company, valued at approximately $9,745,774.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ellen L. S. Koplow sold 17,241 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $52.01, for a total value of $896,704.41. Following the completion of the sale, the executive vice president now owns 104,862 shares of the company’s stock, valued at $5,453,872.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 74,464 shares of company stock worth $3,917,498. Insiders own 0.44% of the company’s stock.

AMTD has been the subject of several analyst reports. G.Research downgraded TD Ameritrade from a “buy” rating to a “hold” rating in a research note on Thursday, November 21st. Citigroup raised TD Ameritrade from a “sell” rating to a “neutral” rating and increased their price objective for the company from $31.00 to $53.00 in a report on Tuesday, November 26th. Barclays raised TD Ameritrade from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $33.00 to $53.00 in a report on Wednesday, November 27th. Zacks Investment Research raised TD Ameritrade from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Tuesday, December 24th. Finally, Gabelli lowered TD Ameritrade from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $47.70.

About TD Ameritrade

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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Earnings History for TD Ameritrade (NASDAQ:AMTD)

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