(AMTD) TD AMERITRADE Holdings Corp. – Aggressive Growth – Zacks Rank Buy

June 25th, 2009

TD AMERITRADE Holdings Corp. (AMTD) continues to grow as investors return to the markets after a long wait on the sidelines.

Company Description

TD AMERITRADE provides self-directed investors with brokerage services through its subsidiaries. The company offers products for all types of traders and investors as well as a national branch system and an expansive network of independent investment advisors.

Great Quarter

On Apr 21 the broker reported great second-quarter results for fiscal 2009 that included trading levels near a record high. Average client trades per day was roughly 325,000, up 8%. Investors who have been on the sideline for a long period of time have rushed back in fear of missing the run up. Is it good timing? That remains to be seen.

Regardless, net income came in at $132 million, or 23 cents per share, meeting analysts’ expectations for the second consecutive quarter.

Buy Back Complete

During the second quarter TD AMERITRADE completed its repurchase program. Approximately 36 million shares were bought at an average price of $11.88.

Analyst Upgrades

The company also reaffirmed its full-year guidance of earnings between $0.90 and $1.15. Following the previously mentioned release the consensus estimate rose 8 cents, to $1.06, in the upper third of the company’s guidance.

Forecasts for next year are averaging $1.24, which is up 11 cents over the past 3 months. While the projections are calling for a 20% contraction this year, the company should grow 17% next year.

Aqcuisition Complete

Earlier this month TD AMERITRADE announced that the deal to purchase thinkorswim, a growing online broker and educator that specializes in options. The combination of cash and stock is valued at just over $600 million.

The Chart

AMTD has had very consistent earnings results over the past 5 years, with just 2 misses. One of the misses came in the midst of the greatest financial crisis most have ever seen. Take a look below.


Zacks Investment Research
View original at: Zacks.com News Feed

More on this topic (What's this?)
Focus On 5 Stocks Seeing Big Analyst Upgrades (Investment Underground » Page n..., 1/8/12)
Thinkorswim: Still Awesome After Ameritrade Merger (LongShortTrader, 8/25/09)
TD Ameritrade Stock Brokerage Review (The Wild Investor, 3/9/09)
Transferring TD Ameritrade Account to Interactive Brokers (Moomin Valley, 4/19/09)
Read more on TD Ameritrade Holding at Wikinvest

Related Posts:

  1. (URS) URS Corp. – Aggressive Growth – Zacks Rank BuyURS Corp. (URS) Company Description URS Corp provides a wide range of construction management and...
  2. (BWY) BWAY Holdings Co. – Aggressive Growth – Zacks Rank BuyBWAY Holding Co. (BWY) shares have gone on to set a new 52-week high following...
  3. (HMSY) HMS Holdings Corp. – Aggressive Growth – Zacks Rank BuyHMS Holdings Corp. (HMSY) released another earnings surprise followed by bullish comments from its CEO....
  4. (RAH) Ralcorp Holdings Inc. – Aggressive Growth – Zacks Rank BuyRalcorp Holdings, Inc. (RAH) is growing rapidly and continues to acquire other brands. Shares are...
  5. (TG) Tredegar Corp. – Aggressive Growth – Zacks Rank BuyTredegar Corp. (TG) recently shocked Wall Street with its latest earnings report. Shares are climbing...
  6. (HMSY) HMS Holdings Corp. – Aggressive Growth – Zacks Rank BuyHMS Holdings Corp. (HMSY) just announced a record-breaking quarter and estimates are on the rise....


Search Posts by Tag: | | Financial | Investment Brokerage - National

RSS Feeds by Tag: AMTD | TD AMERITRADE Holding Corporat | Financial | Investment Brokerage - National |

Other Posts by: | RSS Feed for this author