E*TRADE Financial Corp (ETFC) Earning Favorable News Coverage, Analysis Finds
Media stories about E*TRADE Financial Corp (NASDAQ:ETFC) have been trending positive recently, according to AlphaOne Sentiment. AlphaOne, a subsidiary of Accern, rates the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. E*TRADE Financial Corp earned a daily sentiment score of 0.31 on AlphaOne’s scale. AlphaOne also assigned media headlines about the financial services provider an impact score of 92 out of 100, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Alpha One’s rankings:
- Why millionaire investors don't care about Trump's time-traveling tax reform (finance.yahoo.com)
- Edited Transcript of ETFC earnings conference call or presentation 20-Apr-17 9:00pm GMT (finance.yahoo.com)
- E*TRADE (ETFC) Beats on Q1 Earnings, DARTs Increase (finance.yahoo.com)
- BRIEF-E*TRADE Financial Corp Q1 earnings per share $0.48 (in.reuters.com)
- BRIEF-E*TRADE Financial Corp Q1 earnings per share $0.48 (ETFC) (markets.businessinsider.com)
Several research analysts have weighed in on ETFC shares. Sandler O’Neill downgraded E*TRADE Financial Corp from a “buy” rating to a “hold” rating in a report on Thursday, March 2nd. JMP Securities boosted their price target on E*TRADE Financial Corp from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, January 27th. Goldman Sachs Group Inc upgraded E*TRADE Financial Corp from a “neutral” rating to a “buy” rating in a report on Tuesday, January 10th. Jefferies Group LLC boosted their price target on E*TRADE Financial Corp from $40.00 to $41.00 and gave the company a “hold” rating in a report on Friday, January 27th. Finally, Deutsche Bank AG cut their price target on E*TRADE Financial Corp from $40.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, April 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $35.32.
Shares of E*TRADE Financial Corp (NASDAQ:ETFC) traded down 0.20% during midday trading on Friday, hitting $34.55. 6,006,834 shares of the stock were exchanged. The stock’s 50 day moving average is $34.54 and its 200 day moving average is $33.90. The firm has a market cap of $9.49 billion, a P/E ratio of 17.45 and a beta of 1.76. E*TRADE Financial Corp has a 12-month low of $21.52 and a 12-month high of $38.61.
E*TRADE Financial Corp (NASDAQ:ETFC) last announced its quarterly earnings results on Thursday, April 20th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.09. E*TRADE Financial Corp had a net margin of 28.44% and a return on equity of 8.82%. The firm earned $553 million during the quarter, compared to the consensus estimate of $532.43 million. During the same period last year, the firm posted $0.43 EPS. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. On average, equities research analysts forecast that E*TRADE Financial Corp will post $1.83 earnings per share for the current fiscal year.
In other E*TRADE Financial Corp news, CEO Karl A. Roessner sold 16,476 shares of the business’s stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $34.72, for a total value of $572,046.72. Following the completion of the transaction, the chief executive officer now directly owns 260,364 shares of the company’s stock, valued at $9,039,838.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Rodger A. Lawson sold 7,947 shares of the business’s stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $33.03, for a total transaction of $262,489.41. Following the completion of the transaction, the insider now directly owns 94,910 shares of the company’s stock, valued at $3,134,877.30. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.
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E*TRADE Financial Corp Company Profile
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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