TD Ameritrade Holding Corporation (NASDAQ:AMTD) provider of securities brokerage services, is reporting third quarter earnings results on Tuesday 21st July 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.85 per share.
For the full year, analysts predict revenues of $ 5428.92 million, while looking forward to income of $ 3.12 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 4,900.00 million ~ $ 5,300.00 million
Click Here For More Historical Outlooks Of TD Ameritrade Holding Corporation
Previous Quarter Performance
TD Ameritrade Holding Corporation recorded income for the second quarter of $ 0.86 per share, from the revenue of $ 1,480.00 million. The quarterly earnings decreased 7.53 percent compared with the same quarter last year. Street analysts expected TD Ameritrade Holding Corporation to report income of $ 0.87 per share on revenue of $ 1407.68 million for the second quarter. The bottom line results missed street analysts by $ 0.01 or 1.15 percent, at the same time, top line results outshined analysts by $ 72.32 million or 5.14 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of AMTD was $ 36.59, representing a 32.09 % increase from the 52 week low of $ 27.70 and a 32.23 % decrease over the 52 week high of $ 53.99.
The company has a market capital of $ 19.79 billion and is part of the Financial Services sector and Capital Markets industry.
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Recent Analyst recommendations
On 10th July 2020, maintained by Wells Fargo & Co at Equal-Weight rating, with $ 37.00 target price.
On 9th July 2020, upgraded by Wolfe Research to Peer Perform from Underperform rating.
On 9th July 2020, maintained by Deutsche Bank at Hold rating, with $ 37.00 target price.
On 1st July 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 37.00 target price.
Recent Stock Dividend Announcement
On April 22, 2020, the board of directors authorized quarterly dividend of $ 0.31 per share to holders of record as of the close of business on May 6, 2020, with payment date of May 20, 2020 and ex-dividend date on May 5, 2020.
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. The company offers retail brokerage services for common and preferred stocks; exchange-traded funds (ETFs); options; futures; foreign exchange; mutual funds; fixed income products; primary and secondary offerings of fixed income securities, closed-end funds, and preferred stocks; margin lending; cash management services; and annuities.
