Zacks: Analysts Anticipate Trade Desk Inc (NASDAQ:TTD) to Announce $0.68 EPS

Equities research analysts expect that Trade Desk Inc (NASDAQ:TTD) will post earnings of $0.68 per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Trade Desk’s earnings, with the highest EPS estimate coming in at $0.72 and the lowest estimate coming in at $0.63. Trade Desk reported earnings per share of $0.60 in the same quarter last year, which would suggest a positive year over year growth rate of 13.3%. The business is scheduled to issue its next quarterly 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 fiscal year, with EPS estimates ranging from $2.75 to $3.13. For the next year, analysts anticipate that the business will post earnings of $3.59 per share, with EPS estimates ranging from $3.17 to $3.99. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Trade Desk.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, May 9th. The technology company reported $0.49 EPS 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 company had revenue of $121.00 million during the quarter, compared to the consensus estimate of $117.13 million. During the same quarter in the prior year, the company posted $0.34 EPS. The company’s quarterly revenue was up 41.2% compared to the same quarter last year.

A number of research analysts have recently commented on TTD shares. SunTrust Banks upped their price objective on shares of Match Group to $62.00 and gave the company a “hold” rating in a research note on Thursday, May 9th. Pivotal Research reaffirmed a “buy” rating and set a $265.00 price objective (up previously from $255.00) on shares of Trade Desk in a research note on Wednesday, June 5th. Nomura reaffirmed a “reduce” rating and set a $144.00 price objective on shares of Trade Desk in a research note on Wednesday, June 12th. DA Davidson set a $40.00 price objective on shares of Wolverine World Wide and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, Raymond James reaffirmed an “average” rating and set a $4.50 price objective on shares of John Hancock Financial Opprts Fund in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $191.65.

In other Trade Desk news, insider Susan Vobejda sold 365 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $242.00, for a total value of $88,330.00. Following the completion of the sale, the insider now owns 37,194 shares of the company’s stock, valued at $9,000,948. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul Ross sold 2,682 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $232.51, for a total transaction of $623,591.82. Following the completion of the sale, the chief financial officer now directly owns 37,784 shares of the company’s stock, valued at approximately $8,785,157.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 105,340 shares of company stock valued at $24,259,288. Corporate insiders own 17.44% of the company’s stock.

Large investors have recently modified their holdings of the business. Truvestments Capital LLC acquired a new stake in Trade Desk in the second quarter valued at approximately $34,000. Valeo Financial Advisors LLC grew its position in Trade Desk by 59.0% in the second quarter. Valeo Financial Advisors LLC now owns 159 shares of the technology company’s stock valued at $36,000 after acquiring an additional 59 shares in the last quarter. Meridian Wealth Management LLC acquired a new stake in Trade Desk in the first quarter valued at approximately $40,000. Financial Gravity Wealth Inc. acquired a new stake in Trade Desk in the first quarter valued at approximately $62,000. Finally, NEXT Financial Group Inc grew its position in Trade Desk by 349.3% in the second quarter. NEXT Financial Group Inc now owns 337 shares of the technology company’s stock valued at $77,000 after acquiring an additional 262 shares in the last quarter. 67.38% of the stock is owned by institutional investors.

Shares of NASDAQ TTD traded down $4.62 on Tuesday, reaching $243.54. 675,257 shares of the company traded hands, compared to its average volume of 1,500,003. Trade Desk has a fifty-two week low of $83.66 and a fifty-two week high of $257.99. The firm’s 50 day moving average is $232.89. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $11.05 billion, a PE ratio of 126.84, a PEG ratio of 6.68 and a beta of 2.73.

About 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 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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