E*TRADE Financial (ETFC) Getting Favorable News Coverage, Report Finds

News articles about E*TRADE Financial (NASDAQ:ETFC) have trended positive this week, Accern Sentiment reports. Accern identifies negative and positive news 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 closest to one being the most favorable. E*TRADE Financial earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.7277440304625 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

Shares of E*TRADE Financial (NASDAQ ETFC) traded up $1.48 during trading hours on Wednesday, reaching $51.53. 1,985,897 shares of the company traded hands, compared to its average volume of 2,721,006. The firm has a market capitalization of $13,690.00, a PE ratio of 23.97, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. E*TRADE Financial has a 52-week low of $32.25 and a 52-week high of $56.00. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.30.

E*TRADE Financial (NASDAQ:ETFC) last issued its earnings results on Thursday, January 25th. The financial services provider reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.13). The firm had revenue of $637.00 million during the quarter, compared to analyst estimates of $629.03 million. E*TRADE Financial had a net margin of 25.95% and a return on equity of 10.07%. The firm’s revenue was up 25.1% compared to the same quarter last year. During the same period last year, the business earned $0.46 EPS. research analysts predict that E*TRADE Financial will post 3.24 EPS for the current fiscal year.

Several analysts have recently issued reports on the stock. SunTrust Banks reissued a “buy” rating and set a $66.00 price target on shares of E*TRADE Financial in a research report on Tuesday. Credit Suisse Group reissued a “buy” rating and set a $70.00 price target on shares of E*TRADE Financial in a research report on Tuesday, January 30th. BidaskClub cut shares of E*TRADE Financial from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 30th. Morgan Stanley increased their price target on shares of E*TRADE Financial from $63.00 to $64.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Finally, UBS Group increased their price target on shares of E*TRADE Financial from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. E*TRADE Financial has an average rating of “Buy” and an average target price of $54.93.

In related news, Director Joseph L. Sclafani sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $52.75, for a total value of $105,500.00. Following the sale, the director now owns 36,304 shares of the company’s stock, valued at $1,915,036. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Karl A. Roessner sold 115,059 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $51.79, for a total transaction of $5,958,905.61. Following the completion of the sale, the chief executive officer now directly owns 196,828 shares in the company, valued at approximately $10,193,722.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 224,899 shares of company stock worth $11,633,684. 0.17% of the stock is owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: This article was first posted by Markets Daily and is the property of of Markets Daily. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.themarketsdaily.com/2018/02/15/etrade-financial-etfc-getting-favorable-news-coverage-report-finds.html.

About E*TRADE Financial

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.

Insider Buying and Selling by Quarter for E*TRADE Financial (NASDAQ:ETFC)

Receive News & Ratings for E*TRADE Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for E*TRADE Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply