Q1 2018 EPS Estimates for E*TRADE Financial Corp Lifted by Analyst (ETFC)

E*TRADE Financial Corp (NASDAQ:ETFC) – Analysts at SunTrust Banks upped their Q1 2018 earnings per share estimates for E*TRADE Financial in a report released on Monday. SunTrust Banks analyst D. Mewhirter now expects that the financial services provider will earn $0.76 per share for the quarter, up from their prior forecast of $0.74. SunTrust Banks has a “Buy” rating and a $66.00 price target on the stock. SunTrust Banks also issued estimates for E*TRADE Financial’s Q2 2018 earnings at $0.82 EPS, Q3 2018 earnings at $0.80 EPS, Q4 2018 earnings at $0.86 EPS, FY2018 earnings at $3.24 EPS, Q1 2019 earnings at $0.86 EPS, Q2 2019 earnings at $0.92 EPS, Q3 2019 earnings at $0.86 EPS, Q4 2019 earnings at $0.90 EPS and FY2019 earnings at $3.55 EPS.

E*TRADE Financial (NASDAQ:ETFC) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.13). The company had revenue of $637.00 million for the quarter, compared to the consensus estimate of $629.03 million. E*TRADE Financial had a net margin of 25.95% and a return on equity of 10.07%. The firm’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same quarter last year, the company earned $0.46 EPS.

Several other research analysts also recently weighed in on ETFC. Credit Suisse Group reiterated a “buy” rating and issued a $70.00 price target on shares of E*TRADE Financial in a research report on Tuesday, January 30th. BidaskClub downgraded shares of E*TRADE Financial from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 30th. UBS Group increased their price target on shares of E*TRADE Financial from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Morgan Stanley increased their price target on shares of E*TRADE Financial from $63.00 to $64.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $58.00 price target on shares of E*TRADE Financial in a research report on Thursday, January 11th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. E*TRADE Financial presently has an average rating of “Buy” and an average price target of $54.93.

E*TRADE Financial (NASDAQ ETFC) opened at $50.20 on Tuesday. The firm has a market cap of $13,199.98, a P/E ratio of 22.59, a P/E/G ratio of 0.70 and a beta of 1.34. E*TRADE Financial has a 52-week low of $32.25 and a 52-week high of $56.00. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.30.

In related news, Director Joseph L. Sclafani sold 2,000 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $52.75, for a total transaction of $105,500.00. Following the completion of the transaction, the director now directly owns 36,304 shares of the company’s stock, valued at $1,915,036. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Rodger A. Lawson sold 3,853 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $51.95, for a total transaction of $200,163.35. Following the transaction, the chairman now directly owns 96,966 shares of the company’s stock, valued at $5,037,383.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 224,899 shares of company stock valued at $11,633,684. Corporate insiders own 0.17% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of ETFC. Suntrust Banks Inc. purchased a new position in E*TRADE Financial during the second quarter valued at $213,000. Macquarie Group Ltd. grew its stake in E*TRADE Financial by 2,184.6% during the second quarter. Macquarie Group Ltd. now owns 121,083 shares of the financial services provider’s stock valued at $4,605,000 after acquiring an additional 115,783 shares in the last quarter. WINTON GROUP Ltd purchased a new position in E*TRADE Financial during the second quarter valued at $245,000. Toronto Dominion Bank grew its stake in E*TRADE Financial by 25.6% during the second quarter. Toronto Dominion Bank now owns 93,052 shares of the financial services provider’s stock valued at $3,538,000 after acquiring an additional 18,938 shares in the last quarter. Finally, Sentry Investment Management LLC grew its stake in E*TRADE Financial by 0.6% during the second quarter. Sentry Investment Management LLC now owns 17,179 shares of the financial services provider’s stock valued at $653,000 after acquiring an additional 95 shares in the last quarter. 93.35% of the stock is owned by institutional investors.

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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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