Media stories about E*TRADE Financial Corp (NASDAQ:ETFC) have been trending somewhat positive on Saturday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. E*TRADE Financial Corp earned a news impact score of 0.24 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.0365334950414 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- $0.58 EPS Expected for E*TRADE Financial Corp (ETFC) This Quarter (americanbankingnews.com)
- Tax Reform Proposal Leaves 401Ks Alone; Good News For Charles Schwab, E*Trade (finance.yahoo.com)
- Interactive Brokers (IBKR) Up 2.1% as October DARTs Improve (zacks.com)
- Robinhood Is Closing In On E*Trade With 3 Million Brokerage Accounts (finance.yahoo.com)
- E*Trade Financial Corporate Services Gets Top Ranking in New Survey (finance.yahoo.com)
Shares of E*TRADE Financial Corp (NASDAQ:ETFC) opened at $44.02 on Friday. The firm has a market capitalization of $11.92 billion, a P/E ratio of 22.45, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. The company has a quick ratio of 0.28, a current ratio of 0.27 and a debt-to-equity ratio of 0.26. E*TRADE Financial Corp has a 52 week low of $27.33 and a 52 week high of $45.70.
E*TRADE Financial Corp (NASDAQ:ETFC) last released its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.04. The business had revenue of $599.00 million during the quarter, compared to analyst estimates of $598.96 million. E*TRADE Financial Corp had a net margin of 27.35% and a return on equity of 9.34%. The company’s quarterly revenue was up 23.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share. equities research analysts expect that E*TRADE Financial Corp will post 2.26 EPS for the current year.
E*TRADE Financial Corp announced that its board has approved a stock buyback plan on Thursday, July 20th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to purchase up to 9.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.
A number of equities analysts recently issued reports on the company. Deutsche Bank AG upped their price target on E*TRADE Financial Corp from $48.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $50.00 price target on shares of E*TRADE Financial Corp in a report on Friday, October 20th. Barclays PLC upped their price target on E*TRADE Financial Corp from $49.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, October 20th. Wells Fargo & Company upped their price target on E*TRADE Financial Corp from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Finally, Zacks Investment Research raised E*TRADE Financial Corp from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Tuesday, October 10th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. E*TRADE Financial Corp currently has an average rating of “Buy” and a consensus price target of $46.79.
In related news, insider Michael John Curcio sold 33,474 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $40.38, for a total value of $1,351,680.12. Following the completion of the transaction, the insider now directly owns 267,151 shares of the company’s stock, valued at approximately $10,787,557.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael A. Pizzi sold 9,977 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $39.41, for a total transaction of $393,193.57. Following the completion of the transaction, the chief financial officer now directly owns 110,142 shares of the company’s stock, valued at $4,340,696.22. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,927 shares of company stock valued at $2,679,327. Insiders own 0.17% of the company’s stock.
About E*TRADE Financial Corp
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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