E-Trade Financial Corp. (NASDAQ:ETFC) – Equities research analysts at Jefferies Group cut their FY2016 EPS estimates for E-Trade Financial Corp. in a report released on Tuesday. Jefferies Group analyst D. Fannon now anticipates that the firm will earn $1.66 per share for the year, down from their prior estimate of $1.70. Jefferies Group has a “Hold” rating and a $31.00 price objective on the stock.

Several other analysts also recently issued reports on ETFC. Barclays PLC decreased their price target on E-Trade Financial Corp. from $32.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, July 7th. Nomura decreased their price target on E-Trade Financial Corp. from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, July 11th. Deutsche Bank AG restated a “buy” rating on shares of E-Trade Financial Corp. in a research note on Sunday, July 10th. Buckingham Research started coverage on E-Trade Financial Corp. in a research note on Wednesday, July 13th. They set a “buy” rating and a $29.00 target price for the company. Finally, Compass Point decreased their target price on E-Trade Financial Corp. from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, July 22nd. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. E-Trade Financial Corp. has a consensus rating of “Buy” and a consensus target price of $31.12.

Earnings History and Estimates for E-Trade Financial Corp. (NASDAQ:ETFC)

Shares of E-Trade Financial Corp. (NASDAQ:ETFC) opened at 28.12 on Thursday. The company’s 50 day moving average price is $27.77 and its 200 day moving average price is $25.79. E-Trade Financial Corp. has a one year low of $19.61 and a one year high of $30.98. The firm has a market capitalization of $7.79 billion, a P/E ratio of 36.85 and a beta of 1.70.

E-Trade Financial Corp. (NASDAQ:ETFC) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.10. E-Trade Financial Corp. had a return on equity of 7.64% and a net margin of 15.07%. The firm earned $474 million during the quarter, compared to the consensus estimate of $472.50 million.

A number of large investors have recently added to or reduced their stakes in ETFC. Riverhead Capital Management LLC boosted its stake in E-Trade Financial Corp. by 94.9% in the first quarter. Riverhead Capital Management LLC now owns 688,866 shares of the company’s stock worth $16,870,000 after buying an additional 335,417 shares in the last quarter. PCJ Investment Counsel Ltd. boosted its stake in E-Trade Financial Corp. by 210.4% in the first quarter. PCJ Investment Counsel Ltd. now owns 104,800 shares of the company’s stock worth $2,567,000 after buying an additional 71,034 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in E-Trade Financial Corp. during the first quarter worth $1,745,000. UBS Asset Management Americas Inc. boosted its stake in E-Trade Financial Corp. by 4.7% in the first quarter. UBS Asset Management Americas Inc. now owns 687,601 shares of the company’s stock worth $16,839,000 after buying an additional 30,960 shares in the last quarter. Finally, Primecap Management Co. CA boosted its stake in E-Trade Financial Corp. by 81.3% in the first quarter. Primecap Management Co. CA now owns 11,343,300 shares of the company’s stock worth $277,797,000 after buying an additional 5,087,900 shares in the last quarter. 91.48% of the stock is owned by hedge funds and other institutional investors.

E-Trade Financial Corp. Company Profile

E*Trade Financial Corporation is a financial services company. The Company provides 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.

5 Day Chart for NASDAQ:ETFC

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