Equities research analysts predict that E*TRADE Financial Corp (NASDAQ:ETFC) will report earnings of $0.82 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for E*TRADE Financial’s earnings, with estimates ranging from $0.79 to $0.84. E*TRADE Financial reported earnings of $1.09 per share during the same quarter last year, which would indicate a negative year over year growth rate of 24.8%. The firm is scheduled to issue its next quarterly 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 fiscal year, with EPS estimates ranging from $3.57 to $3.85. For the next financial year, analysts forecast that the company will report earnings of $3.95 per share, with EPS estimates ranging from $3.46 to $4.36. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover E*TRADE Financial.

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

A number of equities research analysts have recently issued reports on the stock. Raymond James lifted their price target on shares of E*TRADE Financial from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Morgan Stanley lifted their price target on shares of E*TRADE Financial from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. JMP Securities lifted their price target on shares of E*TRADE Financial from $50.00 to $53.00 and gave the company a “market outperform” rating in a research report on Monday, January 13th. ValuEngine upgraded shares of E*TRADE Financial from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Finally, Wells Fargo & Co lifted their price target on shares of E*TRADE Financial from $40.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, January 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $49.21.

Several institutional investors have recently modified their holdings of the stock. UBS Asset Management Americas Inc. raised its position 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 purchasing an additional 25,648 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position 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 purchasing an additional 330,217 shares during the last quarter. Bank of New York Mellon Corp raised its position 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 purchasing an additional 2,786,696 shares during the last quarter. Marshall Wace North America L.P. raised its position 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 purchasing an additional 34,402 shares during the last quarter. Finally, Penserra Capital Management LLC raised its position 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 purchasing an additional 30,822 shares during the last quarter. Hedge funds and other institutional investors own 84.01% of the company’s stock.

Shares of ETFC stock traded down $0.40 during midday trading on Friday, reaching $44.20. 106,432 shares of the company traded hands, compared to its average volume of 2,662,329. The firm’s 50 day simple moving average is $45.18 and its two-hundred day simple moving average is $43.50. E*TRADE Financial has a 1-year low of $34.68 and a 1-year high of $52.35. 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 has a market cap of $10.57 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 1.26 and a beta of 1.22.

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

About E*TRADE Financial

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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