According to Zacks, “Shares of E*TRADE have outperformed the industry over the past three months. Also, the company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in each of the trailing four quarters. First-quarter results benefited from higher revenues, decline in expenses and benefit to provision for loan losses. The company’s several restructuring measures and balance-sheet growth plans keep us encouraged. Also, E*TRADE’s focus on core operations and strategic initiatives along with rising interest rates will likely lead to an improved top-line performance. Further, the company continues to enhance shareholders’ value through capital deployment activities. However, rising costs due to the company's investments in franchise, remain a major concern. Further, intense competition can have an adverse impact on its customer base and consequently on profitability.”
ETFC has been the subject of several other research reports. BidaskClub upgraded shares of E*TRADE Financial from a sell rating to a hold rating in a research report on Wednesday, April 3rd. Morgan Stanley set a $62.00 price objective on shares of E*TRADE Financial and gave the company a buy rating in a research report on Tuesday, January 29th. ValuEngine cut shares of E*TRADE Financial from a hold rating to a sell rating in a research report on Friday, January 25th. Credit Suisse Group restated a buy rating on shares of E*TRADE Financial in a research report on Friday, January 25th. Finally, Barclays raised their price objective on shares of E*TRADE Financial to $55.00 and gave the company an overweight rating in a research report on Friday, January 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $59.83.
ETFC traded up $0.20 during midday trading on Wednesday, hitting $48.70. The company had a trading volume of 614,340 shares, compared to its average volume of 2,573,805. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $11.62 billion, a PE ratio of 12.52, a PEG ratio of 1.00 and a beta of 1.16. E*TRADE Financial has a twelve month low of $40.41 and a twelve month high of $66.46.
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 the consensus estimate of $0.93 by $0.16. The firm had revenue of $755.00 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 EPS. On average, research analysts predict that E*TRADE Financial will post 4.34 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 13th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Friday, May 10th. E*TRADE Financial’s dividend payout ratio (DPR) is presently 14.40%.
Several hedge funds and other institutional investors have recently modified their holdings of ETFC. Neuberger Berman Group LLC boosted its stake in shares of E*TRADE Financial by 45.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 6,107 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 1,909 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of E*TRADE Financial by 2.3% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 3,131,100 shares of the financial services provider’s stock valued at $164,038,000 after purchasing an additional 71,481 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in E*TRADE Financial by 3.2% during the 4th quarter. State of Alaska Department of Revenue now owns 43,918 shares of the financial services provider’s stock worth $1,925,000 after acquiring an additional 1,343 shares during the last quarter. DNB Asset Management AS boosted its stake in E*TRADE Financial by 2.9% during the 4th quarter. DNB Asset Management AS now owns 35,300 shares of the financial services provider’s stock worth $1,549,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Virtu Financial LLC boosted its stake in E*TRADE Financial by 23.3% during the 4th quarter. Virtu Financial LLC now owns 7,691 shares of the financial services provider’s stock worth $337,000 after acquiring an additional 1,451 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors.
About E*TRADE Financial
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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