E*TRADE Financial Corp (NASDAQ:ETFC) – Investment analysts at SunTrust Banks lifted their Q1 2018 EPS estimates for E*TRADE Financial in a research note issued on Thursday. SunTrust Banks analyst D. Mewhirter now expects that the financial services provider will post earnings of $0.61 per share for the quarter, up from their previous forecast of $0.60. SunTrust Banks currently has a “Buy” rating and a $53.00 target price on the stock. SunTrust Banks also issued estimates for E*TRADE Financial’s Q2 2018 earnings at $0.68 EPS, Q3 2018 earnings at $0.66 EPS, Q4 2018 earnings at $0.70 EPS and FY2018 earnings at $2.65 EPS.
E*TRADE Financial (NASDAQ:ETFC) last posted its earnings results on Thursday, October 19th. The financial services provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. E*TRADE Financial had a net margin of 27.35% and a return on equity of 9.34%. The business had revenue of $599.00 million for the quarter, compared to the consensus estimate of $598.96 million. During the same quarter last year, the firm posted $0.51 EPS. The company’s revenue for the quarter was up 23.3% on a year-over-year basis.
E*TRADE Financial (NASDAQ ETFC) traded down $0.27 during trading hours on Friday, hitting $48.43. 3,313,800 shares of the stock were exchanged, compared to its average volume of 2,700,669. E*TRADE Financial has a twelve month low of $32.25 and a twelve month high of $50.90. The company has a market cap of $13,051.33, a PE ratio of 24.60, a P/E/G ratio of 1.72 and a beta of 1.45. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.26.
A number of hedge funds have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC boosted its stake in E*TRADE Financial by 4.6% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 682,174 shares of the financial services provider’s stock worth $29,750,000 after purchasing an additional 30,103 shares in the last quarter. Visionary Asset Management Inc. acquired a new stake in E*TRADE Financial in the 3rd quarter worth approximately $209,000. IFM Investors Pty Ltd acquired a new stake in E*TRADE Financial in the 3rd quarter worth approximately $429,000. Guardian Capital LP acquired a new stake in E*TRADE Financial in the 3rd quarter worth approximately $416,000. Finally, Piedmont Investment Advisors LLC boosted its stake in E*TRADE Financial by 17.4% in the 3rd quarter. Piedmont Investment Advisors LLC now owns 127,071 shares of the financial services provider’s stock worth $5,542,000 after purchasing an additional 18,826 shares in the last quarter. Institutional investors own 94.32% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This piece of content was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://sportsperspectives.com/2017/12/15/etrade-financial-corp-expected-to-earn-q1-2018-earnings-of-0-61-per-share-etfc.html.
About E*TRADE Financial
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.
Receive News & Ratings for E*TRADE Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for E*TRADE Financial and related companies with MarketBeat.com's FREE daily email newsletter.