E-Trade (ETFC) Set to Announce Quarterly Earnings on Thursday

E-Trade (NASDAQ:ETFC) will be releasing its earnings data after the market closes on Thursday, April 19th. Analysts expect E-Trade to post earnings of $0.74 per share for the quarter.

E-Trade (NASDAQ:ETFC) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.13). E-Trade had a return on equity of 10.07% and a net margin of 25.95%. The company had revenue of $637.00 million for the quarter, compared to analysts’ expectations of $629.03 million. During the same quarter in the previous year, the business posted $0.46 EPS. The business’s quarterly revenue was up 25.1% compared to the same quarter last year. On average, analysts expect E-Trade to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

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Shares of E-Trade stock opened at $57.59 on Tuesday. E-Trade has a one year low of $33.06 and a one year high of $58.49. The company has a market cap of $15,102.73, a P/E ratio of 26.30, a P/E/G ratio of 0.70 and a beta of 1.28. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.30.

In other E-Trade news, Director Joseph L. Sclafani sold 2,000 shares of E-Trade stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $52.75, for a total value of $105,500.00. Following the sale, the director now owns 36,304 shares in the company, valued at $1,915,036. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brent Simonich sold 7,680 shares of E-Trade stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $53.00, for a total value of $407,040.00. Following the completion of the sale, the insider now owns 26,240 shares in the company, valued at approximately $1,390,720. The disclosure for this sale can be found here. Insiders sold 232,579 shares of company stock worth $12,040,724 in the last 90 days. Company insiders own 0.12% of the company’s stock.

A number of brokerages recently commented on ETFC. Morgan Stanley lifted their price objective on E-Trade from $63.00 to $64.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Zacks Investment Research upgraded E-Trade from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research report on Tuesday, April 3rd. UBS lifted their price objective on E-Trade from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Jefferies Group reiterated a “hold” rating and set a $56.00 price objective on shares of E-Trade in a research report on Monday, January 8th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $67.00 price objective (up previously from $56.00) on shares of E-Trade in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $58.24.

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E-Trade Company Profile

E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand. It also offers investor-focused banking products, primarily sweep deposits to retail investors; Federal Deposit Insurance Corporation insurance services; clearing and settlement services; investment advisory services; and financial corporate services, such as software and services for managing equity compensation plans to its corporate clients.

Earnings History for E-Trade (NASDAQ:ETFC)

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