FY2018 Earnings Forecast for TD Ameritrade Holding Corp. Issued By Jefferies Group (AMTD)

TD Ameritrade Holding Corp. (NASDAQ:AMTD) – Research analysts at Jefferies Group increased their FY2018 earnings estimates for TD Ameritrade in a research report issued to clients and investors on Monday. Jefferies Group analyst D. Fannon now anticipates that the financial services provider will post earnings of $2.50 per share for the year, up from their prior estimate of $2.17. Jefferies Group currently has a “Hold” rating and a $46.00 price target on the stock. Jefferies Group also issued estimates for TD Ameritrade’s FY2019 earnings at $3.37 EPS.

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

Several other equities analysts also recently issued reports on the stock. BidaskClub raised shares of TD Ameritrade from a “buy” rating to a “strong-buy” rating in a report on Thursday. Barclays raised shares of TD Ameritrade from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $54.00 to $68.00 in a report on Monday. Wells Fargo & Co reaffirmed an “outperform” rating and set a $67.00 price objective (up from $56.00) on shares of TD Ameritrade in a report on Thursday, January 4th. Zacks Investment Research raised shares of TD Ameritrade from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Tuesday, December 26th. Finally, Credit Suisse Group began coverage on shares of TD Ameritrade in a report on Thursday, November 30th. They set an “underperform” rating and a $45.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. TD Ameritrade has a consensus rating of “Buy” and an average price target of $52.38.

TD Ameritrade (NASDAQ:AMTD) traded up $0.76 during mid-day trading on Wednesday, reaching $54.50. 1,840,000 shares of the company traded hands, compared to its average volume of 2,680,000. The firm has a market capitalization of $30,900.00, a price-to-earnings ratio of 33.23, a PEG ratio of 1.06 and a beta of 1.57. 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 has a 52 week low of $36.12 and a 52 week high of $54.59.

Large investors have recently bought and sold shares of the company. Crow Point Partners LLC purchased a new position in shares of TD Ameritrade in the third quarter worth about $102,000. Federated Investors Inc. PA lifted its stake 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 worth $174,000 after buying an additional 198 shares in the last quarter. Gamco Investors INC. ET AL purchased a new position in shares of TD Ameritrade in the third quarter worth about $203,000. Fox Run Management L.L.C. purchased a new position in shares of TD Ameritrade in the third quarter worth about $220,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake 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 worth $199,000 after buying an additional 1,008 shares in the last quarter. 88.56% of the stock is currently owned by hedge funds and other 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.

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

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