Brokerages Expect E*TRADE Financial Corp (ETFC) Will Post Earnings of $0.47 Per Share

Brokerages forecast that E*TRADE Financial Corp (NASDAQ:ETFC) will report earnings per share of $0.47 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for E*TRADE Financial Corp’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.51. E*TRADE Financial Corp reported earnings of $0.48 per share during the same quarter last year, which would suggest a negative year over year growth rate of 2.1%. The business is scheduled to report its next earnings results on Thursday, July 20th.

According to Zacks, analysts expect that E*TRADE Financial Corp will report full year earnings of $1.93 per share for the current year, with EPS estimates ranging from $1.87 to $1.97. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.26 per share, with EPS estimates ranging from $2.03 to $2.39. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for E*TRADE Financial Corp.

E*TRADE Financial Corp (NASDAQ:ETFC) last announced its quarterly earnings data on Thursday, April 20th. The financial services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.39 by $0.09. The business earned $553 million during the quarter, compared to analyst estimates of $532.43 million. E*TRADE Financial Corp had a return on equity of 8.82% and a net margin of 28.44%. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 earnings per share.

Several brokerages have recently issued reports on ETFC. SunTrust Banks, Inc. decreased their price objective on E*TRADE Financial Corp to $40.00 in a report on Thursday, March 2nd. Instinet restated a “buy” rating and set a $44.00 price target (up previously from $42.00) on shares of E*TRADE Financial Corp in a report on Sunday, April 23rd. Zacks Investment Research lowered E*TRADE Financial Corp from a “hold” rating to a “sell” rating in a report on Monday, April 10th. Deutsche Bank AG decreased their price target on E*TRADE Financial Corp from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, April 6th. Finally, Goldman Sachs Group Inc upgraded E*TRADE Financial Corp from a “neutral” rating to a “buy” rating in a report on Tuesday, January 10th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $35.69.

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In other E*TRADE Financial Corp news, insider Rodger A. Lawson sold 7,947 shares of the company’s stock in a transaction on Monday, March 27th. The stock was sold at an average price of $33.03, for a total value of $262,489.41. Following the transaction, the insider now owns 94,910 shares of the company’s stock, valued at approximately $3,134,877.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Karl A. Roessner sold 16,476 shares of the company’s stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $34.72, for a total value of $572,046.72. Following the completion of the transaction, the chief executive officer now directly owns 260,364 shares in the company, valued at approximately $9,039,838.08. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

A number of institutional investors have recently made changes to their positions in ETFC. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of E*TRADE Financial Corp by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,693 shares of the financial services provider’s stock valued at $544,000 after buying an additional 62 shares during the period. Cim Investment Mangement Inc. increased its position in shares of E*TRADE Financial Corp by 1.2% in the fourth quarter. Cim Investment Mangement Inc. now owns 16,909 shares of the financial services provider’s stock valued at $586,000 after buying an additional 195 shares during the period. BB&T Securities LLC increased its position in shares of E*TRADE Financial Corp by 1.1% in the third quarter. BB&T Securities LLC now owns 50,340 shares of the financial services provider’s stock valued at $1,465,000 after buying an additional 563 shares during the period. Nuveen Fund Advisors LLC increased its position in shares of E*TRADE Financial Corp by 9.2% in the third quarter. Nuveen Fund Advisors LLC now owns 10,497 shares of the financial services provider’s stock valued at $306,000 after buying an additional 888 shares during the period. Finally, Zacks Investment Management increased its position in shares of E*TRADE Financial Corp by 2.5% in the third quarter. Zacks Investment Management now owns 39,286 shares of the financial services provider’s stock valued at $1,144,000 after buying an additional 943 shares during the period. 92.78% of the stock is currently owned by institutional investors.

Shares of E*TRADE Financial Corp (NASDAQ:ETFC) traded down 0.89% during trading on Thursday, reaching $34.55. The company’s stock had a trading volume of 2,933,562 shares. E*TRADE Financial Corp has a one year low of $21.52 and a one year high of $38.61. The stock has a market cap of $9.50 billion, a price-to-earnings ratio of 17.91 and a beta of 1.76. The company has a 50-day moving average price of $34.54 and a 200-day moving average price of $34.15.

E*TRADE Financial Corp Company Profile

E*Trade Financial Corporation is a financial services company. The Company provides online brokerage and related products and services primarily to individual retail investors under the brand E*TRADE Financial. The Company also provides investor-focused banking products, primarily sweep deposits, to retail investors.

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