E*TRADE Financial (NASDAQ:ETFC) will be posting its quarterly earnings results after the market closes on Thursday, July 18th. Analysts expect E*TRADE Financial to post earnings of $1.10 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
E*TRADE Financial (NASDAQ:ETFC) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.16. The business had revenue of $755.00 million during the quarter, compared to analysts’ expectations of $738.04 million. E*TRADE Financial had a return on equity of 18.06% and a net margin of 37.50%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 earnings per share. On average, analysts expect E*TRADE Financial to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of E*TRADE Financial stock opened at $46.40 on Wednesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $45.59. The company has a market capitalization of $11.17 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 0.98 and a beta of 1.15. E*TRADE Financial has a one year low of $40.41 and a one year high of $63.39.
ETFC has been the subject of several recent analyst reports. Compass Point set a $52.00 target price on E*TRADE Financial and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Zacks Investment Research cut shares of Hammerson from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. BidaskClub lowered shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Finally, Morgan Stanley lifted their price objective on shares of Visa from $175.00 to $191.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Two analysts have rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $57.42.
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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