Media coverage about E*TRADE Financial Corporation (NASDAQ:ETFC) has been trending positive on Saturday, Alpha One Sentiment reports. The research firm, a unit of Accern, identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. E*TRADE Financial Corporation earned a news sentiment score of 0.32 on Alpha One’s scale. Alpha One also gave media stories about the financial services provider an impact score of 76 out of 100, indicating that recent media coverage is likely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have effected AlphaOne’s rankings:
- Zacks: Analysts Expect E*TRADE Financial Corporation (ETFC) Will Post Quarterly Sales of $545.81 Million (americanbankingnews.com)
- E*TRADE Financial Corporation (NASDAQ:ETFC) Trading Down – Short Interest increased by 31.38% (highlightpress.com)
- SunTrust Banks, Inc. Reaffirms “Buy” Rating for E*TRADE Financial Corporation (ETFC) (americanbankingnews.com)
- Q2 2018 EPS Estimates for E*TRADE Financial Corporation (ETFC) Increased by Analyst (americanbankingnews.com)
- Wells Fargo & Company Reaffirms “Market Perform” Rating for Stifel Financial Corporation (SF) (cote-ivoire.com)
A number of research firms have recently weighed in on ETFC. SunTrust Banks, Inc. raised their price target on shares of E*TRADE Financial Corporation from $42.00 to $43.00 and gave the company a “buy” rating in a report on Friday. BidaskClub upgraded shares of E*TRADE Financial Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Zacks Investment Research downgraded shares of E*TRADE Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, February 28th. Wells Fargo & Company restated an “outperform” rating and set a $41.00 price target (up previously from $40.00) on shares of E*TRADE Financial Corporation in a report on Monday, June 12th. Finally, Sandler O’Neill downgraded shares of E*TRADE Financial Corporation from a “buy” rating to a “hold” rating in a report on Thursday, March 2nd. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. E*TRADE Financial Corporation presently has an average rating of “Buy” and a consensus target price of $36.12.
E*TRADE Financial Corporation (ETFC) traded down 0.54% on Friday, reaching $37.05. 3,172,593 shares of the company were exchanged. E*TRADE Financial Corporation has a 12-month low of $21.52 and a 12-month high of $38.61. The stock has a 50 day moving average of $35.32 and a 200 day moving average of $35.40. The firm has a market capitalization of $10.18 billion, a PE ratio of 19.21 and a beta of 1.40.
E*TRADE Financial Corporation (NASDAQ:ETFC) last released its quarterly earnings results on Thursday, April 20th. The financial services provider reported $0.48 EPS 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 business had revenue of $553 million for the quarter, compared to the consensus estimate of $532.43 million. During the same period in the prior year, the company posted $0.43 earnings per share. E*TRADE Financial Corporation’s revenue was up 17.2% compared to the same quarter last year. Equities analysts anticipate that E*TRADE Financial Corporation will post $1.96 EPS for the current year.
In related news, insider Rodger A. Lawson sold 7,947 shares of the company’s stock in a transaction dated Monday, March 27th. The shares were sold at an average price of $33.03, for a total value of $262,489.41. Following the transaction, the insider now directly owns 94,910 shares in the company, valued at $3,134,877.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.17% of the company’s stock.
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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.
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