Wall Street analysts expect Trade Desk Inc (NASDAQ:TTD) to announce earnings per share of $0.68 for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Trade Desk’s earnings. The highest EPS estimate is $0.72 and the lowest is $0.63. Trade Desk posted earnings per share of $0.60 during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.3%. The business is scheduled to report its next quarterly earnings report on Thursday, August 8th.
On average, analysts expect that Trade Desk will report full-year earnings of $2.93 per share for the current year, with EPS estimates ranging from $2.75 to $3.13. For the next financial year, analysts anticipate that the company will report earnings of $3.59 per share, with EPS estimates ranging from $3.17 to $3.99. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Trade Desk.
Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, May 9th. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.42. Trade Desk had a return on equity of 24.41% and a net margin of 17.41%. The firm had revenue of $121.00 million for the quarter, compared to analyst estimates of $117.13 million. During the same quarter in the prior year, the company earned $0.34 EPS. Trade Desk’s revenue was up 41.2% on a year-over-year basis.
A number of research firms recently issued reports on TTD. JMP Securities reaffirmed an “outperform” rating and issued a $1,375.00 target price (up previously from $1,300.00) on shares of Alphabet in a research note on Tuesday, April 30th. Zacks Investment Research raised Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Saturday. Susquehanna Bancshares upped their target price on Trade Desk from $205.00 to $260.00 and gave the company a “positive” rating in a research note on Friday, May 10th. Pivotal Research reaffirmed a “buy” rating and issued a $265.00 target price (up previously from $255.00) on shares of Trade Desk in a research note on Wednesday, June 5th. Finally, ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $191.65.
TTD stock opened at $244.05 on Tuesday. Trade Desk has a 1 year low of $83.66 and a 1 year high of $257.99. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average of $229.90. The stock has a market cap of $10.87 billion, a price-to-earnings ratio of 127.11, a P/E/G ratio of 6.68 and a beta of 2.72.
In other news, CEO Jeffrey Terry Green sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $222.70, for a total transaction of $2,227,000.00. Following the completion of the sale, the chief executive officer now directly owns 103,392 shares in the company, valued at approximately $23,025,398.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas Falk sold 25,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $199.24, for a total value of $4,981,000.00. Following the sale, the director now owns 9,289 shares of the company’s stock, valued at $1,850,740.36. The disclosure for this sale can be found here. Insiders sold a total of 161,872 shares of company stock valued at $35,600,226 over the last quarter. 17.44% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC increased its holdings in shares of Trade Desk by 59.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 159 shares of the technology company’s stock worth $36,000 after buying an additional 59 shares during the last quarter. Meridian Wealth Management LLC acquired a new stake in shares of Trade Desk during the 1st quarter worth $40,000. Neuburgh Advisers LLC increased its holdings in shares of Trade Desk by 77.8% during the 4th quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock worth $41,000 after buying an additional 154 shares during the last quarter. Financial Gravity Wealth Inc. acquired a new stake in shares of Trade Desk during the 1st quarter worth $62,000. Finally, Flinton Capital Management LLC increased its holdings in shares of Trade Desk by 77.8% during the 4th quarter. Flinton Capital Management LLC now owns 544 shares of the technology company’s stock worth $63,000 after buying an additional 238 shares during the last quarter. Institutional investors and hedge funds own 67.39% of the company’s stock.
Trade Desk Company Profile
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 display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).
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