E*TRADE Financial Corporation (ETFC) Receives News Impact Rating of 0.18
News articles about E*TRADE Financial Corporation (NASDAQ:ETFC) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. E*TRADE Financial Corporation earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 46.1624712180602 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- How E*TRADE Financial (ETFC) Stock Stands Out in a Strong Industry (finance.yahoo.com)
- E*TRADE Financial Corporation (ETFC) noted a price change of 0.43% and SM Energy Company (SM) closes with a … – Stocks Gallery (stocksgallery.com)
- ETFC January 2020 Options Begin Trading – Nasdaq (nasdaq.com)
- E*TRADE Financial Corporation (ETFC) Now Covered by Analysts at Barclays PLC (americanbankingnews.com)
- E*TRADE Financial Corp. breached its 50 day moving average in a Bullish Manner : ETFC-US : September 8, 2017 (finance.yahoo.com)
Shares of E*TRADE Financial Corporation (ETFC) traded up 0.77% during trading on Tuesday, reaching $40.75. The company’s stock had a trading volume of 1,472,336 shares. E*TRADE Financial Corporation has a 12-month low of $26.34 and a 12-month high of $42.19. The stock has a market cap of $11.22 billion, a price-to-earnings ratio of 19.04 and a beta of 1.46. The company has a 50 day moving average of $40.67 and a 200-day moving average of $37.03.
E*TRADE Financial Corporation (NASDAQ:ETFC) last posted its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $577.00 million during the quarter, compared to analyst estimates of $553.31 million. E*TRADE Financial Corporation had a return on equity of 9.06% and a net margin of 28.42%. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same period last year, the company earned $0.48 EPS. Analysts forecast that E*TRADE Financial Corporation will post $2.26 EPS for the current year.
E*TRADE Financial Corporation announced that its board has initiated a stock repurchase plan on Thursday, July 20th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to purchase up to 9.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
ETFC has been the subject of a number of research analyst reports. Instinet reiterated a “buy” rating and set a $47.00 price target (up previously from $44.00) on shares of E*TRADE Financial Corporation in a research report on Saturday, July 22nd. Morgan Stanley reiterated an “equal weight” rating and set a $40.00 price target (up previously from $38.00) on shares of E*TRADE Financial Corporation in a research report on Monday, July 10th. Deutsche Bank AG reiterated a “buy” rating on shares of E*TRADE Financial Corporation in a research report on Friday, July 14th. Bank of America Corporation lifted their price target on E*TRADE Financial Corporation from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, July 21st. Finally, Wells Fargo & Company reiterated an “outperform” rating and set a $41.00 price target (up previously from $40.00) on shares of E*TRADE Financial Corporation in a research report on Monday, June 12th. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. E*TRADE Financial Corporation currently has a consensus rating of “Buy” and a consensus target price of $41.61.
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In other news, insider Brent Simonich sold 5,696 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $41.50, for a total value of $236,384.00. Following the completion of the sale, the insider now directly owns 31,557 shares of the company’s stock, valued at approximately $1,309,615.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Karl A. Roessner sold 14,898 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $39.41, for a total value of $587,130.18. Following the completion of the sale, the chief executive officer now directly owns 232,702 shares of the company’s stock, valued at $9,170,785.82. The disclosure for this sale can be found here. Insiders sold a total of 30,571 shares of company stock valued at $1,216,708 over the last ninety days. Corporate insiders own 0.17% 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.
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