E*TRADE Financial Corp Forecasted to Earn Q4 2017 Earnings of $0.62 Per Share (ETFC)

E*TRADE Financial Corp (NASDAQ:ETFC) – Equities research analysts at Jefferies Group increased their Q4 2017 EPS estimates for shares of E*TRADE Financial in a research report issued to clients and investors on Monday, Zacks Investment Research reports. Jefferies Group analyst D. Fannon now expects that the financial services provider will post earnings of $0.62 per share for the quarter, up from their previous estimate of $0.58. Jefferies Group has a “Hold” rating and a $56.00 price target 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.

E*TRADE Financial (NASDAQ:ETFC) last released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $599.00 million for the quarter, compared to analysts’ expectations of $598.96 million. During the same quarter last year, the company earned $0.51 earnings per share. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis.

A number of other research firms have also recently weighed in on ETFC. Morgan Stanley raised shares of E*TRADE Financial from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $44.00 to $43.00 in a report on Wednesday, January 3rd. Zacks Investment Research cut shares of E*TRADE Financial from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Wells Fargo & Co reissued an “outperform” rating and set a $60.00 price objective (up previously from $51.00) on shares of E*TRADE Financial in a report on Thursday, January 4th. SunTrust Banks reissued a “buy” rating and set a $53.00 price objective on shares of E*TRADE Financial in a report on Friday, December 15th. Finally, Bank of America raised shares of E*TRADE Financial from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $44.00 to $49.00 in a report on Monday, October 9th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $51.13.

Shares of E*TRADE Financial (NASDAQ:ETFC) opened at $53.67 on Tuesday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.26. E*TRADE Financial has a 1-year low of $32.25 and a 1-year high of $54.97. The firm has a market cap of $14,380.00, a P/E ratio of 25.20, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46.

Institutional investors and hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC grew its position in shares of E*TRADE Financial by 21.8% during the second quarter. Quadrant Capital Group LLC now owns 3,436 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 614 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in E*TRADE Financial in the 3rd quarter valued at $136,000. Krilogy Financial LLC grew its position in E*TRADE Financial by 7.5% in the 2nd quarter. Krilogy Financial LLC now owns 3,710 shares of the financial services provider’s stock valued at $141,000 after buying an additional 260 shares during the last quarter. Financial Counselors Inc. purchased a new position in E*TRADE Financial in the 2nd quarter valued at $203,000. Finally, Visionary Asset Management Inc. purchased a new position in E*TRADE Financial in the 3rd quarter valued at $209,000. Institutional investors and hedge funds own 94.14% of the company’s stock.

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About E*TRADE Financial

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.

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

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