E*TRADE Financial Corp (NASDAQ:ETFC) declared a quarterly dividend on Thursday, July 18th, RTT News reports. Investors of record on Monday, August 19th will be paid a dividend of 0.14 per share by the financial services provider on Monday, August 26th. This represents a $0.56 annualized dividend and a yield of 1.20%.

E*TRADE Financial has a payout ratio of 15.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect E*TRADE Financial to earn $4.42 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 12.7%.

Shares of ETFC traded up $0.79 during trading hours on Thursday, hitting $46.51. 4,195,044 shares of the stock were exchanged, compared to its average volume of 2,515,157. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $11.23 billion, a price-to-earnings ratio of 11.96, a P/E/G ratio of 1.07 and a beta of 1.15. The business’s 50-day simple moving average is $45.58. E*TRADE Financial has a fifty-two week low of $40.41 and a fifty-two week high of $63.08.

E*TRADE Financial (NASDAQ:ETFC) last released 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. The firm had revenue of $755.00 million for the quarter, compared to analyst estimates of $738.04 million. E*TRADE Financial had a net margin of 37.50% and a return on equity of 18.06%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the firm earned $0.88 earnings per share. As a group, equities analysts anticipate that E*TRADE Financial will post 4.31 earnings per share for the current year.

In related news, Director Rodger A. Lawson sold 41,322 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $48.13, for a total transaction of $1,988,827.86. Following the completion of the transaction, 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 insiders.

ETFC has been the topic of several research reports. BidaskClub lowered shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Zacks Investment Research downgraded shares of Hammerson from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Compass Point set a $52.00 target price on shares of E*TRADE Financial and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Finally, Morgan Stanley lifted their target price on shares of Visa from $175.00 to $191.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. E*TRADE Financial presently has a consensus rating of “Buy” and a consensus price target of $57.42.

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.

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