Analysts expect E*TRADE Financial Corp (NASDAQ:ETFC) to announce sales of $665.02 million for the current quarter, according to Zacks. Three analysts have provided estimates for E*TRADE Financial’s earnings, with estimates ranging from $636.00 million to $680.05 million. E*TRADE Financial reported sales of $685.00 million in the same quarter last year, which indicates a negative year-over-year growth rate of 2.9%. The company is scheduled to report its next quarterly earnings report on Thursday, July 16th.

According to Zacks, analysts expect that E*TRADE Financial will report full-year sales of $2.57 billion for the current fiscal year, with estimates ranging from $2.54 billion to $2.59 billion. For the next financial year, analysts anticipate that the company will report sales of $2.46 billion, with estimates ranging from $2.32 billion to $2.55 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow E*TRADE Financial.

E*TRADE Financial (NASDAQ:ETFC) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $0.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.18). E*TRADE Financial had a return on equity of 15.84% and a net margin of 29.81%. The company had revenue of $707.00 million for the quarter, compared to the consensus estimate of $721.59 million. During the same quarter last year, the business earned $1.09 EPS. E*TRADE Financial’s quarterly revenue was down 6.4% compared to the same quarter last year.

A number of analysts recently weighed in on ETFC shares. BidaskClub upgraded E*TRADE Financial from a “sell” rating to a “hold” rating in a report on Tuesday. Piper Sandler increased their price target on E*TRADE Financial from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. UBS Group increased their price target on E*TRADE Financial from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. ValuEngine downgraded E*TRADE Financial from a “hold” rating to a “sell” rating in a report on Monday, June 8th. Finally, Credit Suisse Group decreased their price target on E*TRADE Financial from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, April 16th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $45.11.

Several institutional investors have recently bought and sold shares of ETFC. Victory Capital Management Inc. boosted its holdings in E*TRADE Financial by 3.1% in the 4th quarter. Victory Capital Management Inc. now owns 7,176,471 shares of the financial services provider’s stock valued at $325,597,000 after purchasing an additional 216,252 shares during the period. Bank of New York Mellon Corp boosted its holdings in E*TRADE Financial by 117.0% in the 4th quarter. Bank of New York Mellon Corp now owns 5,168,546 shares of the financial services provider’s stock valued at $234,498,000 after purchasing an additional 2,786,696 shares during the period. First Trust Advisors LP boosted its holdings in E*TRADE Financial by 6.7% in the 1st quarter. First Trust Advisors LP now owns 4,035,403 shares of the financial services provider’s stock valued at $138,495,000 after purchasing an additional 254,881 shares during the period. Geode Capital Management LLC boosted its holdings in E*TRADE Financial by 0.7% in the 1st quarter. Geode Capital Management LLC now owns 3,707,199 shares of the financial services provider’s stock valued at $126,996,000 after purchasing an additional 24,572 shares during the period. Finally, Magnetar Financial LLC bought a new position in E*TRADE Financial in the 1st quarter valued at $122,471,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ ETFC traded up $0.76 on Friday, hitting $49.49. 111,165 shares of the company’s stock were exchanged, compared to its average volume of 2,702,539. The stock has a 50-day moving average of $45.77 and a 200-day moving average of $43.02. The stock has a market cap of $10.73 billion, a price-to-earnings ratio of 14.08 and a beta of 1.25. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.24. E*TRADE Financial has a 52 week low of $25.76 and a 52 week high of $57.30.

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

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