E*TRADE Financial Corporation (NASDAQ:ETFC) – SunTrust Banks upped their Q3 2017 earnings per share (EPS) estimates for shares of E*TRADE Financial Corporation in a research note issued on Friday. SunTrust Banks analyst D. Mewhirter now expects that the financial services provider will post earnings per share of $0.49 for the quarter, up from their previous forecast of $0.46. SunTrust Banks currently has a “Buy” rating on the stock. SunTrust Banks also issued estimates for E*TRADE Financial Corporation’s Q4 2017 earnings at $0.57 EPS, Q1 2018 earnings at $0.56 EPS, Q2 2018 earnings at $0.64 EPS, Q3 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.66 EPS and FY2018 earnings at $2.48 EPS.

E*TRADE Financial Corporation (NASDAQ:ETFC) last posted its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. E*TRADE Financial Corporation had a net margin of 28.42% and a return on equity of 9.06%. The company had revenue of $577 million during the quarter, compared to analyst estimates of $553.31 million. During the same period last year, the firm posted $0.48 EPS. E*TRADE Financial Corporation’s revenue for the quarter was up 21.7% compared to the same quarter last year. TRADEMARK VIOLATION WARNING: This piece of content was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/08/19/suntrust-banks-analysts-raise-earnings-estimates-for-etrade-financial-corporation-etfc-updated-updated-updated.html.

ETFC has been the subject of several other reports. Zacks Investment Research downgraded E*TRADE Financial Corporation from a “hold” rating to a “sell” rating in a report on Monday, April 3rd. Instinet reaffirmed a “buy” rating and set a $47.00 price target (up from $44.00) on shares of E*TRADE Financial Corporation in a report on Saturday. ValuEngine downgraded E*TRADE Financial Corporation from a “buy” rating to a “hold” rating in a report on Saturday. UBS AG reaffirmed a “buy” rating and set a $43.00 price target on shares of E*TRADE Financial Corporation in a report on Thursday, May 25th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $40.00 price objective (up previously from $39.00) on shares of E*TRADE Financial Corporation in a research report on Sunday, April 23rd. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. E*TRADE Financial Corporation currently has an average rating of “Buy” and an average price target of $40.78.

E*TRADE Financial Corporation (NASDAQ:ETFC) opened at 41.48 on Monday. The stock has a market capitalization of $11.42 billion, a price-to-earnings ratio of 19.38 and a beta of 1.46. The firm’s 50-day moving average is $37.93 and its 200-day moving average is $36.02. E*TRADE Financial Corporation has a 52-week low of $24.35 and a 52-week high of $41.97.

E*TRADE Financial Corporation announced that its Board of Directors has authorized a share buyback plan on Thursday, July 20th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 9.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Large investors have recently bought and sold shares of the company. Exane Derivatives acquired a new stake in E*TRADE Financial Corporation during the second quarter valued at about $130,000. Americafirst Capital Management LLC purchased a new stake in shares of E*TRADE Financial Corporation during the first quarter worth $152,000. Meeder Asset Management Inc. increased its stake in shares of E*TRADE Financial Corporation by 163.9% in the second quarter. Meeder Asset Management Inc. now owns 5,656 shares of the financial services provider’s stock worth $215,000 after buying an additional 3,513 shares during the period. Independent Portfolio Consultants Inc. increased its stake in shares of E*TRADE Financial Corporation by 0.4% in the second quarter. Independent Portfolio Consultants Inc. now owns 6,021 shares of the financial services provider’s stock worth $229,000 after buying an additional 26 shares during the period. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of E*TRADE Financial Corporation during the second quarter worth $249,000. Institutional investors own 92.54% of the company’s stock.

E*TRADE Financial Corporation 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.

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

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