Brokerages Expect E*TRADE Financial Corp (NASDAQ:ETFC) to Post $0.81 EPS

Equities research analysts forecast that E*TRADE Financial Corp (NASDAQ:ETFC) will post earnings of $0.81 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for E*TRADE Financial’s earnings. The highest EPS estimate is $0.86 and the lowest is $0.78. E*TRADE Financial posted earnings per share of $1.09 in the same quarter last year, which would indicate a negative year-over-year growth rate of 25.7%. The business is scheduled to issue its next earnings results on Wednesday, April 15th.

On average, analysts expect that E*TRADE Financial will report full-year earnings of $3.64 per share for the current financial year, with EPS estimates ranging from $3.47 to $3.80. For the next financial year, analysts anticipate that the firm will report earnings of $3.84 per share, with EPS estimates ranging from $3.39 to $4.11. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover E*TRADE Financial.

E*TRADE Financial (NASDAQ:ETFC) last announced its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.01. The firm had revenue of $679.00 million during the quarter, compared to the consensus estimate of $672.06 million. E*TRADE Financial had a return on equity of 18.41% and a net margin of 35.79%. The business’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.06 EPS.

A number of research analysts have issued reports on the company. BidaskClub downgraded E*TRADE Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 20th. JMP Securities upped their price objective on E*TRADE Financial from $50.00 to $53.00 and gave the company a “market outperform” rating in a research note on Monday, January 13th. Deutsche Bank upped their price objective on E*TRADE Financial from $44.00 to $45.00 and gave the company a “hold” rating in a research note on Friday. Barclays upped their price objective on E*TRADE Financial from $39.00 to $41.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Finally, Raymond James upped their price objective on E*TRADE Financial from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $48.79.

NASDAQ:ETFC traded down $0.43 during trading on Friday, reaching $46.07. The company’s stock had a trading volume of 2,269,800 shares, compared to its average volume of 2,628,413. The firm has a market cap of $11.38 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 1.64 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a 50 day moving average of $45.88 and a 200-day moving average of $43.79. E*TRADE Financial has a 12 month low of $34.68 and a 12 month high of $52.35.

Several hedge funds have recently bought and sold shares of ETFC. Nuveen Asset Management LLC grew its stake in shares of E*TRADE Financial by 393.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 4,260,920 shares of the financial services provider’s stock worth $190,037,000 after acquiring an additional 3,397,462 shares during the period. Victory Capital Management Inc. grew its stake in shares of E*TRADE Financial by 20.0% during the 2nd quarter. Victory Capital Management Inc. now owns 5,752,931 shares of the financial services provider’s stock worth $256,581,000 after acquiring an additional 957,204 shares during the period. Boston Partners grew its stake in shares of E*TRADE Financial by 14.1% during the 3rd quarter. Boston Partners now owns 5,615,439 shares of the financial services provider’s stock worth $245,319,000 after acquiring an additional 693,350 shares during the period. Poplar Forest Capital LLC grew its stake in shares of E*TRADE Financial by 185.7% during the 3rd quarter. Poplar Forest Capital LLC now owns 856,665 shares of the financial services provider’s stock worth $37,428,000 after acquiring an additional 556,837 shares during the period. Finally, Man Group plc grew its stake in shares of E*TRADE Financial by 191.8% during the 3rd quarter. Man Group plc now owns 737,405 shares of the financial services provider’s stock worth $32,217,000 after acquiring an additional 484,726 shares during the period. Institutional investors own 83.99% of the company’s stock.

E*TRADE Financial Company Profile

E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services for traders, investors, stock plan administrators and participants, and registered investment advisors (RIAs). It also offers investor-focused banking products, primarily sweep deposits to customers; clearing and settlement services; Federal Deposit Insurance Corporation insurance services; custody solutions to RIAs; other banking and cash management services; software and services for managing equity compensation plans to its corporate clients; retail futures transaction services; and investment advisory services.

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