Media stories about E*TRADE Financial (NASDAQ:ETFC) have been trending positive this week, according to Accern Sentiment. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. E*TRADE Financial earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 45.8938923886291 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
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E*TRADE Financial's (ETFC) May DARTs Rise 1% From April (finance.yahoo.com) E*TRADE Financial Corp (ETFC) Expected to Announce Quarterly Sales of $702.38 Million (americanbankingnews.com) Zacks: Brokerages Expect E*TRADE Financial Corp (ETFC) to Announce $0.88 EPS (americanbankingnews.com) Charles Schwab: Total Client Assets Up 2% Month Over Month in May (finance.yahoo.com) E*TRADE Financial (ETFC) May DARTs Increase 1% MoM (streetinsider.com)
ETFC has been the subject of a number of recent research reports. Compass Point initiated coverage on shares of E*TRADE Financial in a research report on Monday, June 4th. They set a “buy” rating and a $72.00 price target for the company. UBS Group raised shares of E*TRADE Financial from an “outperform” rating to a “strong-buy” rating in a research report on Monday, March 12th. Deutsche Bank lifted their price target on shares of E*TRADE Financial from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, April 6th. SunTrust Banks lifted their price target on shares of E*TRADE Financial from $3.70 to $70.00 and gave the company a “buy” rating in a research report on Friday, April 20th. Finally, Morgan Stanley lifted their price target on shares of E*TRADE Financial from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Tuesday, April 10th. Two analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. E*TRADE Financial has an average rating of “Buy” and an average price target of $61.17.
Shares of E*TRADE Financial stock opened at $64.47 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market capitalization of $16.97 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 1.06 and a beta of 1.27. E*TRADE Financial has a 52-week low of $36.09 and a 52-week high of $66.46.
E*TRADE Financial (NASDAQ:ETFC) last issued its earnings results on Thursday, April 19th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.09. E*TRADE Financial had a net margin of 28.40% and a return on equity of 11.64%. The business had revenue of $708.00 million during the quarter, compared to analysts’ expectations of $686.31 million. During the same period in the previous year, the company earned $0.48 earnings per share. The business’s revenue for the quarter was up 28.0% compared to the same quarter last year. research analysts predict that E*TRADE Financial will post 3.64 EPS for the current year.
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.