E*TRADE Financial Corporation (NASDAQ:ETFC) is scheduled to post its quarterly earnings results after the market closes on Thursday, July 20th. Analysts expect E*TRADE Financial Corporation to post earnings of $0.48 per share for the quarter.

E*TRADE Financial Corporation (NASDAQ:ETFC) last posted its earnings results on Thursday, April 20th. The financial services provider reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.09. E*TRADE Financial Corporation had a net margin of 26.90% and a return on equity of 9.09%. The firm had revenue of $553 million during the quarter, compared to the consensus estimate of $532.43 million. During the same quarter last year, the firm earned $0.43 EPS. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, analysts expect E*TRADE Financial Corporation to post $1.98 EPS for the current fiscal year and $2.32 EPS for the next fiscal year.

Shares of E*TRADE Financial Corporation (ETFC) opened at 39.52 on Tuesday. The firm has a market cap of $10.86 billion, a P/E ratio of 20.49 and a beta of 1.46. The company has a 50-day moving average of $35.75 and a 200 day moving average of $35.53. E*TRADE Financial Corporation has a 12-month low of $24.35 and a 12-month high of $39.70.

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A number of brokerages have recently commented on ETFC. UBS AG reissued a “buy” rating and issued a $43.00 target price on shares of E*TRADE Financial Corporation in a research note on Wednesday, March 22nd. Jefferies Group LLC reissued a “hold” rating on shares of E*TRADE Financial Corporation in a research note on Monday, July 10th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $43.00 target price on shares of E*TRADE Financial Corporation in a research note on Friday. Rosenblatt Securities began coverage on shares of E*TRADE Financial Corporation in a research note on Thursday, July 13th. They issued a “buy” rating and a $43.00 target price on the stock. Finally, BidaskClub raised shares of E*TRADE Financial Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 13th. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $37.53.

About E*TRADE Financial Corporation

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.

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

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