E*TRADE Financial Corporation (NASDAQ:ETFC) is scheduled to post its quarterly earnings results after the market closes on Thursday, October 19th. Analysts expect E*TRADE Financial Corporation to post earnings of $0.48 per share for the quarter.

E*TRADE Financial Corporation (NASDAQ:ETFC) last posted its earnings results on Thursday, July 20th. The financial services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $577.00 million for the quarter, compared to analyst estimates of $553.31 million. E*TRADE Financial Corporation had a return on equity of 9.06% and a net margin of 28.42%. E*TRADE Financial Corporation’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period last year, the company earned $0.48 earnings per share. On average, analysts expect E*TRADE Financial Corporation to post $2.23 EPS for the current fiscal year and $2.53 EPS for the next fiscal year.

Shares of E*TRADE Financial Corporation (NASDAQ ETFC) opened at 44.24 on Thursday. E*TRADE Financial Corporation has a 12-month low of $27.33 and a 12-month high of $45.70. The company’s 50-day moving average price is $41.89 and its 200 day moving average price is $38.22. The firm has a market capitalization of $12.18 billion, a price-to-earnings ratio of 20.67 and a beta of 1.47.

E*TRADE Financial Corporation declared that its Board of Directors has initiated a stock buyback plan on Thursday, July 20th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 9.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

COPYRIGHT VIOLATION WARNING: This article was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://www.americanbankingnews.com/2017/10/12/etrade-financial-corporation-etfc-scheduled-to-post-earnings-on-thursday.html.

In other news, Director James P. Healy purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were acquired at an average price of $41.97 per share, with a total value of $209,850.00. Following the purchase, the director now directly owns 40,792 shares of the company’s stock, valued at $1,712,040.24. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Brent Simonich sold 5,696 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $41.50, for a total value of $236,384.00. Following the sale, the insider now directly owns 31,557 shares in the company, valued at approximately $1,309,615.50. The disclosure for this sale can be found here. Insiders have sold a total of 72,623 shares of company stock worth $2,915,711 in the last quarter. 0.17% of the stock is currently owned by insiders.

Several equities analysts recently issued reports on ETFC shares. Deutsche Bank AG dropped their price target on E*TRADE Financial Corporation from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, July 4th. Jefferies Group LLC restated a “hold” rating and issued a $43.00 price target (up previously from $39.00) on shares of E*TRADE Financial Corporation in a research report on Saturday, July 22nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $44.00 price target on shares of E*TRADE Financial Corporation in a research report on Friday, July 21st. SunTrust Banks, Inc. boosted their price target on E*TRADE Financial Corporation from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, June 16th. Finally, Zacks Investment Research cut E*TRADE Financial Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $44.25.

About E*TRADE Financial Corporation

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 for E*TRADE Financial Corporation (NASDAQ:ETFC)

Receive News & Ratings for E*TRADE Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for E*TRADE Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.