Analysts Expect E*TRADE Financial Corp (ETFC) Will Post Earnings of $1.10 Per Share

Equities research analysts expect that E*TRADE Financial Corp (NASDAQ:ETFC) will announce earnings of $1.10 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for E*TRADE Financial’s earnings, with the lowest EPS estimate coming in at $1.05 and the highest estimate coming in at $1.13. E*TRADE Financial posted earnings per share of $0.95 during the same quarter last year, which indicates a positive year over year growth rate of 15.8%. The firm is expected to issue its next quarterly earnings report on Thursday, July 18th.

According to Zacks, analysts expect that E*TRADE Financial will report full year earnings of $4.35 per share for the current fiscal year, with EPS estimates ranging from $4.19 to $4.46. For the next fiscal year, analysts expect that the business will post earnings of $4.64 per share, with EPS estimates ranging from $4.54 to $4.73. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for E*TRADE Financial.

E*TRADE Financial (NASDAQ:ETFC) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.16. The business had revenue of $755.00 million during the quarter, compared to analyst estimates of $738.04 million. E*TRADE Financial had a net margin of 37.50% and a return on equity of 18.06%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 earnings per share.

ETFC has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of E*TRADE Financial from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Morgan Stanley set a $62.00 target price on shares of E*TRADE Financial and gave the company a “buy” rating in a report on Tuesday, January 29th. Credit Suisse Group restated a “buy” rating on shares of E*TRADE Financial in a report on Friday, January 25th. Zacks Investment Research upgraded shares of E*TRADE Financial from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a report on Wednesday, January 23rd. Finally, UBS Group downgraded shares of E*TRADE Financial from a “buy” rating to a “neutral” rating and lowered their target price for the company from $58.00 to $51.00 in a report on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $59.67.

Shares of NASDAQ:ETFC traded down $0.44 during trading on Friday, reaching $47.96. The stock had a trading volume of 1,591,836 shares, compared to its average volume of 2,558,408. E*TRADE Financial has a fifty-two week low of $40.41 and a fifty-two week high of $66.46. The firm has a market cap of $11.67 billion, a PE ratio of 12.42, a P/E/G ratio of 1.01 and a beta of 1.16. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.24 and a quick ratio of 0.24.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be issued a $0.14 dividend. The ex-dividend date is Friday, May 10th. This represents a $0.56 annualized dividend and a yield of 1.17%. E*TRADE Financial’s dividend payout ratio is presently 14.40%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. raised its holdings in shares of E*TRADE Financial by 32.0% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 915 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 222 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of E*TRADE Financial by 0.8% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 33,283 shares of the financial services provider’s stock worth $1,545,000 after purchasing an additional 259 shares during the period. ETF Managers Group LLC raised its holdings in shares of E*TRADE Financial by 11.3% during the first quarter. ETF Managers Group LLC now owns 2,587 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 262 shares during the period. Rockefeller Capital Management L.P. raised its holdings in shares of E*TRADE Financial by 41.9% during the first quarter. Rockefeller Capital Management L.P. now owns 1,002 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 296 shares during the period. Finally, Cozad Asset Management Inc. raised its holdings in shares of E*TRADE Financial by 4.3% during the first quarter. Cozad Asset Management Inc. now owns 7,200 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 300 shares during the period. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

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.

Featured Story: Do Tariffs Work?

Get a free copy of the Zacks research report on E*TRADE Financial (ETFC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.