E*TRADE Financial Corp Expected to Earn Q1 2018 Earnings of $0.61 Per Share (ETFC)

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.

A number of other analysts have also recently weighed in on ETFC. Barclays initiated coverage on shares of E*TRADE Financial in a report on Friday, September 8th. They issued an “overweight” rating and a $45.00 price target on the stock. Zacks Investment Research cut shares of E*TRADE Financial from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Bank of America upgraded shares of E*TRADE Financial from a “neutral” rating to a “buy” rating and raised their price target for the company from $44.00 to $49.00 in a report on Monday, October 9th. Wells Fargo & Company raised their price target on shares of E*TRADE Financial from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Finally, Deutsche Bank raised their price target on shares of E*TRADE Financial from $48.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $47.60.

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.

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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.

Earnings History and Estimates for E*TRADE Financial (NASDAQ:ETFC)

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