Equities research analysts expect that Trade Desk Inc (NASDAQ:TTD) will post earnings per share (EPS) of $0.68 for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Trade Desk’s earnings, with estimates ranging from $0.63 to $0.72. Trade Desk reported earnings of $0.60 per share in the same quarter last year, which would suggest a positive year over year growth rate of 13.3%. The business is scheduled to announce its next earnings results on Thursday, August 8th.
According to Zacks, 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 expect that the firm will report earnings of $3.59 per share, with EPS estimates ranging from $3.17 to $3.99. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Trade Desk.
Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, May 9th. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.42. The company had revenue of $121.00 million for the quarter, compared to the consensus estimate of $117.13 million. Trade Desk had a return on equity of 24.41% and a net margin of 17.41%. The firm’s quarterly revenue was up 41.2% on a year-over-year basis. During the same quarter last year, the company earned $0.34 EPS.
Several analysts recently issued reports on the company. Royal Bank of Canada downgraded Roku from an “outperform” rating to a “sector perform” rating and set a $90.00 target price on the stock. in a research note on Monday, July 1st. They noted that the move was a valuation call. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. TheStreet downgraded Trade Desk from a “b-” rating to a “c-” rating in a research note on Thursday, May 9th. Pivotal Research reissued a “buy” rating and set a $265.00 target price (up previously from $255.00) on shares of Trade Desk in a research note on Wednesday, June 5th. Finally, 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $191.65.
In other news, Director Thomas Falk sold 25,000 shares of Trade Desk stock in a transaction that occurred 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 completion of the transaction, the director now owns 9,289 shares in the company, valued at approximately $1,850,740.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Susan Vobejda sold 365 shares of Trade Desk stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $242.00, for a total value of $88,330.00. Following the completion of the transaction, the insider now owns 37,194 shares of the company’s stock, valued at approximately $9,000,948. The disclosure for this sale can be found here. In the last ninety days, insiders sold 161,872 shares of company stock worth $35,600,226. Corporate insiders own 17.44% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Valeo Financial Advisors LLC boosted its holdings in shares of Trade Desk by 59.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 159 shares of the technology company’s stock worth $36,000 after purchasing an additional 59 shares during the period. Meridian Wealth Management LLC purchased a new position in shares of Trade Desk in the 1st quarter worth approximately $40,000. Financial Gravity Wealth Inc. purchased a new position in shares of Trade Desk in the 1st quarter worth approximately $62,000. Neuburgh Advisers LLC boosted its holdings in Trade Desk by 77.8% during the 4th quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock valued at $41,000 after acquiring an additional 154 shares during the period. Finally, Flinton Capital Management LLC boosted its holdings in Trade Desk by 77.8% during the 4th quarter. Flinton Capital Management LLC now owns 544 shares of the technology company’s stock valued at $63,000 after acquiring an additional 238 shares during the period. Hedge funds and other institutional investors own 67.39% of the company’s stock.
Shares of TTD opened at $244.05 on Tuesday. The company’s 50 day simple moving average is $229.90. The company has a market cap of $10.87 billion, a P/E ratio of 127.11, a PEG ratio of 6.68 and a beta of 2.72. Trade Desk has a 12-month low of $83.66 and a 12-month high of $257.99. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.62 and a quick ratio of 1.62.
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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