Wall Street brokerages forecast that E*TRADE Financial Corporation (NASDAQ:ETFC) will announce $0.47 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for E*TRADE Financial Corporation’s earnings. The highest EPS estimate is $0.51 and the lowest is $0.43. E*TRADE Financial Corporation posted earnings per share of $0.48 during the same quarter last year, which suggests a negative year over year growth rate of 2.1%. The company is expected to issue its next quarterly earnings report on Thursday, July 20th.

According to Zacks, analysts expect that E*TRADE Financial Corporation will report full-year earnings of $1.95 per share for the current financial year, with EPS estimates ranging from $1.87 to $2.01. For the next year, analysts anticipate that the business will post earnings of $2.27 per share, with EPS estimates ranging from $2.03 to $2.36. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow E*TRADE Financial Corporation.

E*TRADE Financial Corporation (NASDAQ:ETFC) last posted its quarterly earnings results on Thursday, April 20th. The financial services provider reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.09. E*TRADE Financial Corporation had a net margin of 26.90% and a return on equity of 9.09%. The firm had revenue of $553 million during the quarter, compared to the consensus estimate of $532.43 million. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The company’s revenue was up 17.2% on a year-over-year basis.

Several equities analysts have recently commented on ETFC shares. Deutsche Bank AG restated a “buy” rating and issued a $40.00 price objective (up from $39.00) on shares of E*TRADE Financial Corporation in a report on Sunday, April 23rd. Zacks Investment Research lowered shares of E*TRADE Financial Corporation from a “hold” rating to a “sell” rating in a report on Monday, April 3rd. JMP Securities decreased their price objective on shares of E*TRADE Financial Corporation from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Monday, March 20th. SunTrust Banks, Inc. restated a “buy” rating and issued a $40.00 price objective on shares of E*TRADE Financial Corporation in a report on Tuesday, March 14th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $41.00 price objective on shares of E*TRADE Financial Corporation in a report on Friday, April 21st. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $36.12.

E*TRADE Financial Corporation (ETFC) traded down 0.54% during mid-day trading on Thursday, hitting $37.05. 3,172,593 shares of the stock traded hands. The stock has a 50-day moving average price of $35.32 and a 200-day moving average price of $35.40. E*TRADE Financial Corporation has a 12 month low of $21.52 and a 12 month high of $38.61. The stock has a market cap of $10.18 billion, a P/E ratio of 19.21 and a beta of 1.40.

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In other news, insider Rodger A. Lawson sold 7,947 shares of the firm’s stock in a transaction on Monday, March 27th. The shares were sold at an average price of $33.03, for a total value of $262,489.41. Following the sale, the insider now directly owns 94,910 shares in the company, valued at approximately $3,134,877.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of E*TRADE Financial Corporation by 3.6% in the first quarter. Vanguard Group Inc. now owns 29,010,665 shares of the financial services provider’s stock worth $1,012,182,000 after buying an additional 1,019,443 shares during the last quarter. BlackRock Inc. raised its stake in shares of E*TRADE Financial Corporation by 2,903.3% in the first quarter. BlackRock Inc. now owns 18,166,924 shares of the financial services provider’s stock worth $633,844,000 after buying an additional 17,562,024 shares during the last quarter. Primecap Management Co. CA raised its stake in shares of E*TRADE Financial Corporation by 4.9% in the first quarter. Primecap Management Co. CA now owns 12,762,600 shares of the financial services provider’s stock worth $445,287,000 after buying an additional 598,400 shares during the last quarter. State Street Corp raised its stake in shares of E*TRADE Financial Corporation by 1.8% in the first quarter. State Street Corp now owns 12,755,327 shares of the financial services provider’s stock worth $445,031,000 after buying an additional 221,060 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of E*TRADE Financial Corporation by 79.2% in the first quarter. Victory Capital Management Inc. now owns 6,259,269 shares of the financial services provider’s stock worth $218,385,000 after buying an additional 2,766,050 shares during the last quarter. Institutional investors and hedge funds own 92.00% of the company’s stock.

About E*TRADE Financial Corporation

E*Trade Financial Corporation is a financial services company. The Company provides online brokerage and related products and services primarily to individual retail investors under the brand E*TRADE Financial. The Company also provides investor-focused banking products, primarily sweep deposits, to retail investors.

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