Analysts predict that E*TRADE Financial Corp (NASDAQ:ETFC) will announce earnings per share of $0.81 for the current quarter, Zacks reports. Three analysts have made estimates for E*TRADE Financial’s earnings, with the highest EPS estimate coming in at $0.82 and the lowest estimate coming in at $0.79. E*TRADE Financial reported earnings per share of $0.55 during the same quarter last year, which would suggest a positive year-over-year growth rate of 47.3%. The business is expected to report its next earnings report on Thursday, October 18th.

According to Zacks, analysts expect that E*TRADE Financial will report full-year earnings of $3.59 per share for the current year, with EPS estimates ranging from $3.55 to $3.64. For the next fiscal year, analysts anticipate that the company will report earnings of $4.02 per share, with EPS estimates ranging from $3.82 to $4.15. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for E*TRADE Financial.

E*TRADE Financial (NASDAQ:ETFC) last announced its earnings results on Thursday, July 19th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.07. The firm had revenue of $710.00 million for the quarter, compared to analysts’ expectations of $707.78 million. E*TRADE Financial had a net margin of 29.13% and a return on equity of 13.39%. The business’s revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 EPS.

Several brokerages have recently issued reports on ETFC. BidaskClub cut shares of E*TRADE Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Zacks Investment Research cut shares of E*TRADE Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, June 26th. Wells Fargo & Co upped their target price on shares of E*TRADE Financial from $67.00 to $73.00 and gave the company an “outperform” rating in a research report on Monday, May 21st. They noted that the move was a valuation call. ValuEngine cut shares of E*TRADE Financial from a “buy” rating to a “hold” rating in a research report on Saturday, July 14th. Finally, Credit Suisse Group decreased their target price on shares of E*TRADE Financial from $79.00 to $77.00 and set an “outperform” rating on the stock in a research report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. E*TRADE Financial presently has a consensus rating of “Buy” and a consensus target price of $66.81.

Institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC raised its position in E*TRADE Financial by 362.5% in the 2nd quarter. Parallel Advisors LLC now owns 1,679 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,316 shares during the period. Blackhawk Capital Partners LLC. raised its position in E*TRADE Financial by 81.4% in the 1st quarter. Blackhawk Capital Partners LLC. now owns 1,805 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 810 shares during the period. Nisa Investment Advisors LLC purchased a new stake in E*TRADE Financial in the 2nd quarter worth about $119,000. NewSquare Capital LLC purchased a new stake in E*TRADE Financial in the 2nd quarter worth about $163,000. Finally, Alps Advisors Inc. purchased a new stake in E*TRADE Financial in the 2nd quarter worth about $212,000. 92.74% of the stock is currently owned by institutional investors.

Shares of E*TRADE Financial traded down $0.89, hitting $60.57, during mid-day trading on Wednesday, according to Marketbeat Ratings. 1,236,286 shares of the company’s stock traded hands, compared to its average volume of 2,589,120. The company has a current ratio of 0.28, a quick ratio of 0.27 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $16.18 billion, a price-to-earnings ratio of 27.66, a P/E/G ratio of 1.06 and a beta of 1.19. E*TRADE Financial has a 1 year low of $39.12 and a 1 year high of $66.46.

About E*TRADE Financial

E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand. It also offers investor-focused banking products, primarily sweep deposits to retail investors; Federal Deposit Insurance Corporation insurance services; clearing and settlement services; investment advisory services; and financial corporate services, such as software and services for managing equity compensation plans to its corporate clients.

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

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