E*TRADE Financial Corp (NASDAQ:ETFC) – Jefferies Group lifted their Q4 2017 earnings estimates for E*TRADE Financial in a research report issued on Monday. Jefferies Group analyst D. Fannon now anticipates that the financial services provider will post earnings of $0.62 per share for the quarter, up from their previous forecast of $0.58. Jefferies Group has a “Hold” rating and a $56.00 price objective on the stock. Jefferies Group also issued estimates for E*TRADE Financial’s Q1 2018 earnings at $0.71 EPS, Q2 2018 earnings at $0.79 EPS and Q3 2018 earnings at $0.74 EPS.

ETFC has been the subject of several other research reports. Morgan Stanley raised shares of E*TRADE Financial from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $44.00 to $43.00 in a research note on Wednesday, January 3rd. Deutsche Bank lifted their price target on shares of E*TRADE Financial from $48.00 to $49.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised shares of E*TRADE Financial from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Tuesday, October 10th. Bank of America raised shares of E*TRADE Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $44.00 to $49.00 in a research note on Monday, October 9th. Finally, Credit Suisse Group started coverage on shares of E*TRADE Financial in a research note on Thursday, November 30th. They issued an “outperform” rating and a $56.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $50.40.

Shares of E*TRADE Financial (ETFC) opened at $52.71 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.27 and a current ratio of 0.27. E*TRADE Financial has a 12 month low of $32.25 and a 12 month high of $53.65. The firm has a market cap of $14,120.00, a P/E ratio of 24.75, a PEG ratio of 1.16 and a beta of 1.46.

E*TRADE Financial (NASDAQ:ETFC) last posted its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.04. E*TRADE Financial had a net margin of 27.35% and a return on equity of 9.34%. The firm had revenue of $599.00 million during the quarter, compared to the consensus estimate of $598.96 million. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The company’s revenue was up 23.3% on a year-over-year basis.

Several hedge funds have recently modified their holdings of the company. State of Tennessee Treasury Department grew its holdings in shares of E*TRADE Financial by 6.9% during the second quarter. State of Tennessee Treasury Department now owns 108,298 shares of the financial services provider’s stock valued at $4,118,000 after buying an additional 6,960 shares during the last quarter. Tredje AP fonden grew its holdings in shares of E*TRADE Financial by 68.4% during the second quarter. Tredje AP fonden now owns 32,520 shares of the financial services provider’s stock valued at $1,237,000 after buying an additional 13,207 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in E*TRADE Financial in the second quarter valued at $1,660,000. AXA boosted its holdings in E*TRADE Financial by 2.2% in the second quarter. AXA now owns 18,191 shares of the financial services provider’s stock valued at $692,000 after purchasing an additional 400 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK boosted its holdings in E*TRADE Financial by 2.4% in the second quarter. Aberdeen Asset Management PLC UK now owns 270,911 shares of the financial services provider’s stock valued at $10,302,000 after purchasing an additional 6,363 shares during the last quarter. 94.14% of the stock is currently owned by institutional investors and hedge funds.

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E*TRADE Financial Company Profile

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.

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

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