E-Trade Financial Corp. (NASDAQ:ETFC) – Equities researchers at Credit Agricole SA decreased their Q4 2016 earnings per share estimates for E-Trade Financial Corp. in a report released on Monday. Credit Agricole SA analyst R. Rutschow now anticipates that the firm will earn $0.39 per share for the quarter, down from their prior forecast of $0.41.
E-Trade Financial Corp. (NASDAQ:ETFC) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.38 by $0.10. The company earned $474 million during the quarter, compared to analysts’ expectations of $472.50 million.
ETFC has been the topic of several other reports. Goldman Sachs Group Inc. lowered shares of E-Trade Financial Corp. from a “buy” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a report on Friday, July 22nd. Compass Point cut their price objective on shares of E-Trade Financial Corp. from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, July 22nd. Nomura Holdings Inc. reissued a “buy” rating on shares of E-Trade Financial Corp. in a report on Monday, July 11th. Deutsche Bank AG reissued a “buy” rating and set a $31.00 price objective on shares of E-Trade Financial Corp. in a report on Sunday, June 5th. Finally, Nomura cut their price objective on shares of E-Trade Financial Corp. from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, July 11th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $30.69.
An institutional investor recently raised its position in E-Trade Financial Corp. stock. Eagle Asset Management raised its stake in E-Trade Financial Corp. (NASDAQ:ETFC) by 99.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 337,678 shares of the company’s stock after buying an additional 168,780 shares during the period. Eagle Asset Management owned 0.12% of E-Trade Financial Corp. worth $8,890,000 at the end of the most recent reporting period.
E*Trade Financial Corporation is a financial services company. The Company provides 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.
