Entry level $40.00 = Target price $52.00 = Stop loss $38.00
Earnings summary
Adjusted earnings per share are up 14.13% from 92 cents in its fiscal fourth quarter of 2018.
Revenue reported in the quarter is 11.43% higher YoY than $1.40 billion.
The TD Ameritrade earnings report also includes an operating income of $780 million.
That’s a 22.85% increase over its operating income of $635 million from the same time last year.
Net income of $551 is 21.37% better than the $454 million reported in the same period of the year prior.
AMTD also saw net new client assets increase by 7% during the quarter.
Average client trades per day were up 5% from its fiscal third quarter of the previous year.
Steve Boyle VP and CFO stated=
“Despite the volatile year in the market and interest rate variations, our strong full-year results demonstrate the strength of the diversity of our business. Integrating greater efficiency and long-term resiliency throughout our business has allowed us to keep expense growth in check, making it easier for us to respond to shifting market and competitive dynamics.”
P/E ratio 10.02 = holds a lot of upside.
Average analysts price target $36 = multiple downgrades early October.
TD Ameritrade Holding Corp. engages in the provision of securities brokerage services and related technology-based financial services. It offers the following products and services to retail clients: touch-tone trading; trading over the internet, unlimited streaming, free real-time quotes; extended trading hours; direct access to market destinations, and commitment ton the speed of order execution. The company was founded by John Joe Ricketts in 1971 and is headquartered in Omaha, NE.
Earnings summary
Adjusted earnings per share are up 14.13% from 92 cents in its fiscal fourth quarter of 2018.
Revenue reported in the quarter is 11.43% higher YoY than $1.40 billion.
The TD Ameritrade earnings report also includes an operating income of $780 million.
That’s a 22.85% increase over its operating income of $635 million from the same time last year.
Net income of $551 is 21.37% better than the $454 million reported in the same period of the year prior.
AMTD also saw net new client assets increase by 7% during the quarter.
Average client trades per day were up 5% from its fiscal third quarter of the previous year.
Steve Boyle VP and CFO stated=
“Despite the volatile year in the market and interest rate variations, our strong full-year results demonstrate the strength of the diversity of our business. Integrating greater efficiency and long-term resiliency throughout our business has allowed us to keep expense growth in check, making it easier for us to respond to shifting market and competitive dynamics.”
P/E ratio 10.02 = holds a lot of upside.
Average analysts price target $36 = multiple downgrades early October.
TD Ameritrade Holding Corp. engages in the provision of securities brokerage services and related technology-based financial services. It offers the following products and services to retail clients: touch-tone trading; trading over the internet, unlimited streaming, free real-time quotes; extended trading hours; direct access to market destinations, and commitment ton the speed of order execution. The company was founded by John Joe Ricketts in 1971 and is headquartered in Omaha, NE.