Trade Desk Inc (TTD) Expected to Post Earnings of $0.45 Per Share
Equities analysts expect Trade Desk Inc (NASDAQ:TTD) to announce $0.45 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Trade Desk’s earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.40. Trade Desk posted earnings of $0.33 per share during the same quarter last year, which indicates a positive year over year growth rate of 36.4%. The business is expected to announce its next earnings report on Thursday, February 15th.
According to Zacks, analysts expect that Trade Desk will report full-year earnings of $1.49 per share for the current year, with EPS estimates ranging from $1.43 to $1.58. For the next year, analysts anticipate that the business will report earnings of $1.51 per share, with EPS estimates ranging from $1.39 to $1.63. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Trade Desk.
Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 9th. The technology company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.15. The firm had revenue of $79.40 million for the quarter, compared to the consensus estimate of $76.84 million. Trade Desk had a return on equity of 24.34% and a net margin of 15.93%. The company’s revenue for the quarter was up 49.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 earnings per share.
Trade Desk (NASDAQ:TTD) opened at $48.00 on Friday. The stock has a market capitalization of $1,970.00 and a price-to-earnings ratio of 48.21. Trade Desk has a 1-year low of $25.62 and a 1-year high of $67.30. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.13.
In other news, insider Brian John Stempeck sold 10,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $48.78, for a total value of $487,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Randall Pickles sold 70,000 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $60.89, for a total value of $4,262,300.00. Following the completion of the transaction, the insider now directly owns 56,499 shares of the company’s stock, valued at $3,440,224.11. The disclosure for this sale can be found here. Over the last three months, insiders sold 144,394 shares of company stock valued at $8,819,977. Insiders own 26.87% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Optimum Investment Advisors raised its holdings in shares of Trade Desk by 22.6% in the third quarter. Optimum Investment Advisors now owns 6,500 shares of the technology company’s stock worth $400,000 after acquiring an additional 1,200 shares during the last quarter. GSA Capital Partners LLP increased its stake in Trade Desk by 48.2% in the third quarter. GSA Capital Partners LLP now owns 27,294 shares of the technology company’s stock valued at $1,679,000 after purchasing an additional 8,875 shares during the last quarter. Ashford Capital Management Inc. increased its stake in Trade Desk by 21.1% in the third quarter. Ashford Capital Management Inc. now owns 302,740 shares of the technology company’s stock valued at $18,622,000 after purchasing an additional 52,795 shares during the last quarter. Bamco Inc. NY increased its stake in Trade Desk by 44.6% in the third quarter. Bamco Inc. NY now owns 860,083 shares of the technology company’s stock valued at $52,904,000 after purchasing an additional 265,270 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in Trade Desk by 6.7% in the third quarter. Janus Henderson Group PLC now owns 518,193 shares of the technology company’s stock valued at $31,874,000 after purchasing an additional 32,423 shares during the last quarter. 65.42% of the stock is owned by institutional investors.
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About Trade Desk
The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.
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