Analysts forecast that E*TRADE Financial Corp (NASDAQ:ETFC) will report $0.58 earnings per share for the current quarter, according to Zacks. Four analysts have issued estimates for E*TRADE Financial Corp’s earnings. The highest EPS estimate is $0.60 and the lowest is $0.58. E*TRADE Financial Corp posted earnings per share of $0.43 in the same quarter last year, which suggests a positive year-over-year growth rate of 34.9%. The business is expected to issue its next quarterly earnings report on Thursday, January 25th.

On average, analysts expect that E*TRADE Financial Corp will report full year earnings of $2.25 per share for the current financial year, with EPS estimates ranging from $2.25 to $2.26. For the next year, analysts expect that the firm will post earnings of $2.55 per share, with EPS estimates ranging from $2.42 to $2.70. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for E*TRADE Financial Corp.

E*TRADE Financial Corp (NASDAQ:ETFC) last released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. E*TRADE Financial Corp had a return on equity of 9.34% and a net margin of 27.35%. The firm had revenue of $599.00 million during the quarter, compared to analysts’ expectations of $598.96 million. During the same quarter last year, the firm earned $0.51 earnings per share. The business’s revenue for the quarter was up 23.3% on a year-over-year basis.

A number of equities research analysts have issued reports on the stock. Barclays PLC upped their price objective on shares of E*TRADE Financial Corp from $45.00 to $49.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 10th. Zacks Investment Research raised shares of E*TRADE Financial Corp from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Tuesday, October 10th. Bank of America Corporation raised shares of E*TRADE Financial Corp from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $44.00 to $49.00 in a research report on Monday, October 9th. Wells Fargo & Company increased their target price on shares of E*TRADE Financial Corp from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $50.00 target price on shares of E*TRADE Financial Corp in a research report on Friday, October 20th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $46.79.

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Shares of E*TRADE Financial Corp (ETFC) opened at $44.02 on Friday. E*TRADE Financial Corp has a 12-month low of $27.33 and a 12-month high of $45.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.27 and a quick ratio of 0.28. The firm has a market capitalization of $11.92 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44.

E*TRADE Financial Corp announced that its board has initiated a stock buyback program on Thursday, July 20th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 9.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

In other E*TRADE Financial Corp news, CEO Karl A. Roessner sold 8,578 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $40.49, for a total value of $347,323.22. Following the sale, the chief executive officer now directly owns 225,731 shares in the company, valued at approximately $9,139,848.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Karl A. Roessner sold 14,898 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $39.41, for a total transaction of $587,130.18. Following the completion of the sale, the chief executive officer now owns 232,702 shares in the company, valued at $9,170,785.82. The disclosure for this sale can be found here. Insiders sold a total of 66,927 shares of company stock worth $2,679,327 over the last quarter. Corporate insiders own 0.17% of the company’s stock.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of E*TRADE Financial Corp by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 29,167,934 shares of the financial services provider’s stock worth $1,109,256,000 after buying an additional 157,269 shares during the last quarter. FMR LLC increased its holdings in shares of E*TRADE Financial Corp by 24.3% in the 2nd quarter. FMR LLC now owns 10,737,023 shares of the financial services provider’s stock worth $408,329,000 after buying an additional 2,096,445 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of E*TRADE Financial Corp by 25.3% in the 2nd quarter. Victory Capital Management Inc. now owns 7,845,331 shares of the financial services provider’s stock worth $298,357,000 after buying an additional 1,586,062 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of E*TRADE Financial Corp by 3.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 5,053,621 shares of the financial services provider’s stock worth $192,189,000 after buying an additional 166,595 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of E*TRADE Financial Corp by 29.1% in the 2nd quarter. Northern Trust Corp now owns 4,599,263 shares of the financial services provider’s stock worth $174,911,000 after buying an additional 1,035,976 shares during the last quarter. 94.09% of the stock is currently owned by hedge funds and other institutional investors.

About E*TRADE Financial Corp

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.

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

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