Equities analysts forecast that E*TRADE Financial Corp (NASDAQ:ETFC) will report $761.49 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for E*TRADE Financial’s earnings, with the lowest sales estimate coming in at $759.00 million and the highest estimate coming in at $765.47 million. E*TRADE Financial reported sales of $710.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.3%. The firm is expected to report its next earnings results on Thursday, July 18th.
On average, analysts expect that E*TRADE Financial will report full year sales of $3.03 billion for the current year, with estimates ranging from $3.01 billion to $3.05 billion. For the next financial year, analysts expect that the company will post sales of $3.12 billion, with estimates ranging from $3.08 billion to $3.14 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow E*TRADE Financial.
E*TRADE Financial (NASDAQ:ETFC) last issued its earnings results on Wednesday, April 17th. The financial services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $0.93 by $0.16. The company had revenue of $755.00 million for the quarter, compared to analyst estimates of $738.04 million. E*TRADE Financial had a net margin of 37.50% and a return on equity of 18.06%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 EPS.
A number of institutional investors and hedge funds have recently bought and sold shares of ETFC. Primecap Management Co. CA boosted its holdings in E*TRADE Financial by 1.7% in the 1st quarter. Primecap Management Co. CA now owns 13,565,625 shares of the financial services provider’s stock worth $629,852,000 after acquiring an additional 229,900 shares during the period. Victory Capital Management Inc. boosted its stake in E*TRADE Financial by 19.9% during the fourth quarter. Victory Capital Management Inc. now owns 5,292,883 shares of the financial services provider’s stock valued at $232,252,000 after buying an additional 878,417 shares in the last quarter. Boston Partners boosted its stake in E*TRADE Financial by 13.9% during the first quarter. Boston Partners now owns 4,660,073 shares of the financial services provider’s stock valued at $216,367,000 after buying an additional 567,628 shares in the last quarter. Northern Trust Corp boosted its stake in E*TRADE Financial by 0.4% during the fourth quarter. Northern Trust Corp now owns 4,197,323 shares of the financial services provider’s stock valued at $184,179,000 after buying an additional 14,996 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in E*TRADE Financial by 3.7% during the first quarter. Geode Capital Management LLC now owns 3,550,312 shares of the financial services provider’s stock valued at $164,563,000 after buying an additional 125,609 shares in the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ ETFC traded down $0.44 during trading on Tuesday, hitting $47.96. 1,591,836 shares of the company were exchanged, compared to its average volume of 2,558,408. The firm has a market capitalization of $11.67 billion, a P/E ratio of 12.42, a PEG ratio of 1.01 and a beta of 1.16. E*TRADE Financial has a 1 year low of $40.41 and a 1 year high of $66.46. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.24 and a current ratio of 0.24.
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Friday, May 10th. E*TRADE Financial’s dividend payout ratio (DPR) is presently 14.40%.
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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