Wall Street analysts forecast that E*TRADE Financial Corp (NASDAQ:ETFC) will announce sales of $744.34 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for E*TRADE Financial’s earnings. The lowest sales estimate is $742.00 million and the highest is $748.02 million. E*TRADE Financial posted sales of $637.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 16.9%. The business is scheduled to issue its next earnings report on Thursday, January 24th.

On average, analysts expect that E*TRADE Financial will report full year sales of $2.88 billion for the current fiscal year, with estimates ranging from $2.87 billion to $2.89 billion. For the next year, analysts anticipate that the business will report sales of $3.09 billion, with estimates ranging from $3.02 billion to $3.13 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover E*TRADE Financial.

E*TRADE Financial (NASDAQ:ETFC) last announced its quarterly earnings results on Thursday, October 18th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.17. The company had revenue of $720.00 million during the quarter, compared to the consensus estimate of $710.62 million. E*TRADE Financial had a return on equity of 15.45% and a net margin of 32.83%. E*TRADE Financial’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 EPS.

A number of analysts have issued reports on the company. Morgan Stanley decreased their price target on E*TRADE Financial from $78.00 to $74.00 and set an “overweight” rating for the company in a report on Wednesday, July 25th. Raymond James decreased their price target on E*TRADE Financial from $70.00 to $64.00 and set a “strong-buy” rating for the company in a report on Friday, October 19th. Zacks Investment Research raised E*TRADE Financial from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Monday, July 16th. Barclays decreased their price target on E*TRADE Financial from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Friday, October 19th. Finally, Credit Suisse Group decreased their price target on E*TRADE Financial from $61.00 to $58.00 and set an “outperform” rating for the company in a report on Tuesday, October 30th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $65.00.

Shares of NASDAQ ETFC opened at $52.94 on Friday. The stock has a market cap of $13.70 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 0.85 and a beta of 1.09. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32. E*TRADE Financial has a 1 year low of $42.62 and a 1 year high of $66.46.

E*TRADE Financial announced that its board has authorized a stock buyback plan on Thursday, October 18th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 7.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Tuesday, October 30th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Monday, October 29th. E*TRADE Financial’s payout ratio is currently 25.57%.

In other news, insider Brent Simonich bought 1,943 shares of E*TRADE Financial stock in a transaction dated Friday, November 2nd. The stock was acquired at an average cost of $51.50 per share, with a total value of $100,064.50. Following the acquisition, the insider now owns 26,330 shares of the company’s stock, valued at $1,355,995. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joshua Weinreich bought 5,725 shares of E*TRADE Financial stock in a transaction dated Tuesday, November 6th. The stock was purchased at an average cost of $52.33 per share, with a total value of $299,589.25. Following the completion of the acquisition, the director now directly owns 7,318 shares in the company, valued at approximately $382,950.94. The disclosure for this purchase can be found here. Insiders bought a total of 32,668 shares of company stock valued at $1,685,354 over the last three months. Company insiders own 0.12% of the company’s stock.

A number of hedge funds have recently modified their holdings of ETFC. IFM Investors Pty Ltd increased its position in E*TRADE Financial by 32.6% in the 2nd quarter. IFM Investors Pty Ltd now owns 13,883 shares of the financial services provider’s stock valued at $849,000 after acquiring an additional 3,411 shares during the period. Xact Kapitalforvaltning AB increased its position in E*TRADE Financial by 11.6% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 30,754 shares of the financial services provider’s stock valued at $1,881,000 after acquiring an additional 3,200 shares during the period. Raymond James Trust N.A. acquired a new position in E*TRADE Financial in the 2nd quarter valued at about $404,000. Gateway Investment Advisers LLC acquired a new position in E*TRADE Financial in the 2nd quarter valued at about $779,000. Finally, FormulaFolio Investments LLC acquired a new position in E*TRADE Financial in the 2nd quarter valued at about $365,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

E*TRADE Financial 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.

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

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