Trade Desk Inc (NASDAQ:TTD) Expected to Post Earnings of $0.68 Per Share

Wall Street analysts forecast that Trade Desk Inc (NASDAQ:TTD) will report earnings per share of $0.68 for the current quarter, according to Zacks. 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 reported earnings per share of $0.60 in the same quarter last year, which suggests a positive year over year growth rate of 13.3%. The company is expected to announce its next earnings report 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 fiscal year, analysts expect that the firm will post earnings of $3.59 per share, with EPS estimates ranging from $3.17 to $3.99. Zacks’ EPS averages are an average based on a survey of analysts that cover Trade Desk.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, May 9th. The technology company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.42. Trade Desk had a net margin of 17.41% and a return on equity of 24.41%. The firm had revenue of $121.00 million during the quarter, compared to the consensus estimate of $117.13 million. During the same period in the prior year, the firm earned $0.34 EPS. The company’s revenue was up 41.2% compared to the same quarter last year.

A number of research analysts have recently weighed in on TTD shares. JMP Securities downgraded shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 30th. Stifel Nicolaus reissued a “hold” rating and set a $144.00 target price on shares of Trade Desk in a research report on Wednesday, February 20th. Raymond James reissued an “outperform” rating on shares of Trade Desk in a research report on Thursday, May 9th. Needham & Company LLC started coverage on shares of Trade Desk in a research report on Monday, April 22nd. They set a “hold” rating and a $211.03 target price for the company. Finally, Oppenheimer increased their target price on shares of Trade Desk from $180.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Trade Desk has an average rating of “Buy” and an average target price of $190.18.

In other Trade Desk news, Director Thomas Falk sold 25,000 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $250.00, for a total value of $6,250,000.00. Following the sale, the director now directly owns 10,640 shares in the company, valued at approximately $2,660,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian John Stempeck sold 21,532 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $200.09, for a total transaction of $4,308,337.88. Following the completion of the sale, the insider now owns 42,934 shares in the company, valued at $8,590,664.06. The disclosure for this sale can be found here. Insiders have sold a total of 154,572 shares of company stock worth $32,912,866 over the last 90 days. 17.44% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Trade Desk by 15.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 208,285 shares of the technology company’s stock worth $41,230,000 after buying an additional 28,496 shares during the last quarter. Meridian Wealth Management LLC bought a new position in shares of Trade Desk in the 1st quarter worth $40,000. Rehmann Capital Advisory Group increased its holdings in shares of Trade Desk by 224.2% in the 1st quarter. Rehmann Capital Advisory Group now owns 1,245 shares of the technology company’s stock worth $246,000 after buying an additional 861 shares during the last quarter. BlueMountain Capital Management LLC bought a new position in shares of Trade Desk in the 1st quarter worth $372,000. Finally, BlueCrest Capital Management Ltd bought a new position in shares of Trade Desk in the 1st quarter worth $521,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Shares of Trade Desk stock traded down $1.94 on Friday, reaching $244.94. 1,123,188 shares of the company traded hands, compared to its average volume of 1,618,485. Trade Desk has a 52 week low of $83.66 and a 52 week high of $257.13. The company has a market capitalization of $10.91 billion, a P/E ratio of 127.57, a P/E/G ratio of 6.71 and a beta of 2.88. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.15.

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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