The Trade Desk Inc (TTD) Expected to Post Earnings of $0.36 Per Share

Wall Street brokerages expect The Trade Desk Inc (NASDAQ:TTD) to report earnings of $0.36 per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for The Trade Desk’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.40. The Trade Desk posted earnings of $0.52 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 30.8%. The firm is scheduled to announce its next quarterly earnings results on Thursday, August 9th.

On average, analysts expect that The Trade Desk will report full-year earnings of $1.67 per share for the current financial year, with EPS estimates ranging from $1.54 to $1.83. For the next financial year, analysts forecast that the company will report earnings of $2.14 per share, with EPS estimates ranging from $2.04 to $2.23. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for The Trade Desk.

Get The Trade Desk alerts:

The Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, May 10th. The technology company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.24. The Trade Desk had a return on equity of 25.10% and a net margin of 16.48%. The company had revenue of $85.70 million during the quarter, compared to analysts’ expectations of $73.25 million. During the same period last year, the business posted $0.18 earnings per share. The firm’s revenue was up 60.5% compared to the same quarter last year.

TTD has been the subject of a number of research analyst reports. Zacks Investment Research upgraded The Trade Desk from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Thursday, January 11th. Vetr cut The Trade Desk from a “strong-buy” rating to a “buy” rating and set a $54.47 price target for the company. in a research note on Thursday, January 11th. SunTrust Banks reiterated a “buy” rating and issued a $60.00 price target on shares of The Trade Desk in a research note on Friday, January 12th. Stifel Nicolaus initiated coverage on The Trade Desk in a research note on Thursday, January 18th. They issued a “buy” rating and a $62.00 price target for the company. Finally, BidaskClub upgraded The Trade Desk from a “sell” rating to a “hold” rating in a research note on Thursday, February 15th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $68.94.

The Trade Desk traded up $22.88, reaching $75.61, during midday trading on Friday, MarketBeat Ratings reports. The company’s stock had a trading volume of 12,761,766 shares, compared to its average volume of 610,591. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.48 and a current ratio of 1.48. The Trade Desk has a 52-week low of $67.33 and a 52-week high of $75.70. The stock has a market cap of $2.16 billion, a PE ratio of 63.54, a price-to-earnings-growth ratio of 1.74 and a beta of 1.92.

In related news, CEO Jeffrey Terry Green sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $49.10, for a total transaction of $441,900.00. Following the sale, the chief executive officer now directly owns 113,819 shares of the company’s stock, valued at $5,588,512.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Eric B. Paley sold 482,039 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $57.51, for a total value of $27,722,062.89. The disclosure for this sale can be found here. Insiders sold 856,175 shares of company stock worth $48,721,277 over the last three months. Corporate insiders own 26.87% of the company’s stock.

A number of institutional investors have recently bought and sold shares of TTD. Ameriprise Financial Inc. grew its holdings in The Trade Desk by 52.1% during the third quarter. Ameriprise Financial Inc. now owns 37,985 shares of the technology company’s stock worth $2,337,000 after acquiring an additional 13,012 shares during the period. Legal & General Group Plc grew its holdings in The Trade Desk by 60.4% in the third quarter. Legal & General Group Plc now owns 6,211 shares of the technology company’s stock valued at $378,000 after purchasing an additional 2,339 shares during the period. Wells Fargo & Company MN grew its holdings in The Trade Desk by 9.6% in the third quarter. Wells Fargo & Company MN now owns 72,312 shares of the technology company’s stock valued at $4,447,000 after purchasing an additional 6,319 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in The Trade Desk by 232.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 95,959 shares of the technology company’s stock valued at $5,903,000 after purchasing an additional 67,059 shares during the period. Finally, California State Teachers Retirement System grew its holdings in The Trade Desk by 23.6% in the third quarter. California State Teachers Retirement System now owns 37,957 shares of the technology company’s stock valued at $2,335,000 after purchasing an additional 7,257 shares during the period. 70.76% of the stock is currently owned by hedge funds and other institutional investors.

About The Trade Desk

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.

Get a free copy of the Zacks research report on The Trade Desk (TTD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Leave a Reply

Your email address will not be published. Required fields are marked *