Equities analysts expect E*TRADE Financial Corp (NASDAQ:ETFC) to announce $761.49 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for E*TRADE Financial’s earnings, with the highest sales estimate coming in at $765.47 million and the lowest estimate coming in at $759.00 million. E*TRADE Financial posted sales of $710.00 million during the same quarter last year, which suggests a positive year over year growth rate of 7.3%. The business is expected to announce its next quarterly earnings report on Thursday, July 18th.

On average, analysts expect that E*TRADE Financial will report full year sales of $3.03 billion for the current financial year, with estimates ranging from $3.01 billion to $3.05 billion. For the next fiscal year, analysts expect that the business will post sales of $3.12 billion, with estimates ranging from $3.08 billion to $3.14 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for E*TRADE Financial.

E*TRADE Financial (NASDAQ:ETFC) last issued its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.16. E*TRADE Financial had a return on equity of 18.06% and a net margin of 37.50%. The company had revenue of $755.00 million for the quarter, compared to the consensus estimate of $738.04 million. During the same quarter last year, the company earned $0.88 earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year.

A number of equities research analysts recently weighed in on the company. BidaskClub downgraded E*TRADE Financial from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Zacks Investment Research downgraded E*TRADE Financial from a “buy” rating to a “hold” rating in a report on Friday, May 24th. Finally, Morgan Stanley raised their price target on E*TRADE Financial from $59.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, May 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. E*TRADE Financial presently has a consensus rating of “Buy” and a consensus target price of $58.45.

In other E*TRADE Financial news, Director Rodger A. Lawson sold 41,322 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $48.13, for a total value of $1,988,827.86. Following the completion of the sale, the director now owns 114,753 shares of the company’s stock, valued at $5,523,061.89. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the company. Liberty Wealth Management LLC purchased a new position in shares of E*TRADE Financial in the fourth quarter worth about $27,000. Oregon Public Employees Retirement Fund raised its stake in shares of E*TRADE Financial by 1,689.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,499,423 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 1,415,639 shares during the last quarter. Arrow Financial Corp purchased a new position in shares of E*TRADE Financial in the first quarter worth about $39,000. Bronfman E.L. Rothschild L.P. raised its stake in shares of E*TRADE Financial by 32.0% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 915 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 222 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in shares of E*TRADE Financial by 93.0% in the fourth quarter. IFP Advisors Inc now owns 965 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 465 shares during the last quarter. Hedge funds and other institutional investors own 91.48% of the company’s stock.

ETFC stock traded down $1.15 during trading on Wednesday, reaching $45.49. 1,522,809 shares of the company traded hands, compared to its average volume of 2,516,094. E*TRADE Financial has a 12 month low of $40.41 and a 12 month high of $65.79. The company has a market cap of $11.27 billion, a P/E ratio of 11.69, a PEG ratio of 0.97 and a beta of 1.23. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.24 and a quick ratio of 0.24.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 13th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.23%. The ex-dividend date was Friday, May 10th. E*TRADE Financial’s dividend payout ratio is presently 14.40%.

E*TRADE Financial Company Profile

E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services for traders, investors, stock plan administrators and participants, and registered investment advisors (RIAs). It also offers investor-focused banking products, primarily sweep deposits to customers; clearing and settlement services; Federal Deposit Insurance Corporation insurance services; custody solutions to RIAs; other banking and cash management services; software and services for managing equity compensation plans to its corporate clients; retail futures transaction services; and investment advisory services.

Further Reading: What are earnings reports?

Get a free copy of the Zacks research report on E*TRADE Financial (ETFC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for E*TRADE Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for E*TRADE Financial and related companies with MarketBeat.com's FREE daily email newsletter.