Equities research analysts expect E*TRADE Financial Corp (NASDAQ:ETFC) to announce earnings per share (EPS) of $0.82 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for E*TRADE Financial’s earnings, with the highest EPS estimate coming in at $0.84 and the lowest estimate coming in at $0.79. E*TRADE Financial posted earnings per share of $1.09 during the same quarter last year, which indicates a negative year over year growth rate of 24.8%. The firm is scheduled to issue its next earnings results on Wednesday, April 15th.

According to Zacks, analysts expect that E*TRADE Financial will report full-year earnings of $3.68 per share for the current financial year, with EPS estimates ranging from $3.57 to $3.85. For the next fiscal year, analysts expect that the firm will report earnings of $3.95 per share, with EPS estimates ranging from $3.46 to $4.36. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow E*TRADE Financial.

E*TRADE Financial (NASDAQ:ETFC) last posted its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.01. The business had revenue of $679.00 million during the quarter, compared to analyst estimates of $672.06 million. E*TRADE Financial had a return on equity of 17.09% and a net margin of 33.09%. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period last year, the company earned $1.06 EPS.

ETFC has been the subject of several analyst reports. Deutsche Bank raised their price objective on E*TRADE Financial from $44.00 to $45.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Credit Suisse Group raised their price objective on E*TRADE Financial from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Raymond James raised their price objective on E*TRADE Financial from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Morgan Stanley raised their price objective on E*TRADE Financial from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Finally, UBS Group raised their price objective on E*TRADE Financial from $41.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. E*TRADE Financial presently has a consensus rating of “Hold” and a consensus price target of $49.21.

Several hedge funds have recently modified their holdings of the stock. UBS Asset Management Americas Inc. lifted its stake in shares of E*TRADE Financial by 3.1% during the 4th quarter. UBS Asset Management Americas Inc. now owns 840,770 shares of the financial services provider’s stock worth $38,146,000 after acquiring an additional 25,648 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of E*TRADE Financial by 80.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 741,425 shares of the financial services provider’s stock worth $33,638,000 after acquiring an additional 330,217 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of E*TRADE Financial by 117.0% during the 4th quarter. Bank of New York Mellon Corp now owns 5,168,546 shares of the financial services provider’s stock worth $234,498,000 after acquiring an additional 2,786,696 shares during the last quarter. Marshall Wace North America L.P. lifted its stake in shares of E*TRADE Financial by 296.4% during the 4th quarter. Marshall Wace North America L.P. now owns 46,007 shares of the financial services provider’s stock worth $2,087,000 after acquiring an additional 34,402 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its stake in shares of E*TRADE Financial by 974.8% during the 4th quarter. Penserra Capital Management LLC now owns 33,984 shares of the financial services provider’s stock worth $1,540,000 after acquiring an additional 30,822 shares during the last quarter. 84.01% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:ETFC traded down $0.40 during trading on Friday, hitting $44.20. The company had a trading volume of 106,432 shares, compared to its average volume of 2,662,329. The stock has a market cap of $10.57 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 1.26 and a beta of 1.22. E*TRADE Financial has a one year low of $34.68 and a one year high of $52.35. The company has a fifty day simple moving average of $45.18 and a two-hundred day simple moving average of $43.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.29 and a quick ratio of 0.28.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 25th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Monday, February 24th. E*TRADE Financial’s dividend payout ratio is currently 13.90%.

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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