E*TRADE Financial Corp (ETFC) Earning Favorable News Coverage, Analysis Finds

Media headlines about E*TRADE Financial Corp (NASDAQ:ETFC) have trended positive on Friday, according to AlphaOne Sentiment. The research firm, a unit of Accern, rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. E*TRADE Financial Corp earned a media sentiment score of 0.31 on AlphaOne’s scale. AlphaOne also gave news stories about the financial services provider an impact score of 92 out of 100, meaning that recent news coverage is extremely likely to have an effect on the stock’s share price in the next few days.

These are some of the media headlines that may have impacted Alpha One Sentiment Analysis’s rankings:

E*TRADE Financial Corp (NASDAQ:ETFC) traded down 0.20% on Friday, hitting $34.55. 6,006,834 shares of the stock were exchanged. E*TRADE Financial Corp has a 52-week low of $21.52 and a 52-week high of $38.61. The firm has a market cap of $9.49 billion, a PE ratio of 17.45 and a beta of 1.76. The company has a 50-day moving average price of $34.54 and a 200-day moving average price of $33.90.

E*TRADE Financial Corp (NASDAQ:ETFC) last announced its quarterly earnings data 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 Corp had a return on equity of 8.82% and a net margin of 28.44%. The firm earned $553 million during the quarter, compared to the consensus estimate of $532.43 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The business’s revenue was up 17.2% on a year-over-year basis. On average, equities research analysts anticipate that E*TRADE Financial Corp will post $1.83 EPS for the current fiscal year.

Several research firms have commented on ETFC. SunTrust Banks, Inc. decreased their price objective on shares of E*TRADE Financial Corp to $40.00 in a report on Thursday, March 2nd. Zacks Investment Research downgraded shares of E*TRADE Financial Corp from a “hold” rating to a “sell” rating in a report on Monday, April 10th. Deutsche Bank AG decreased their price objective on shares of E*TRADE Financial Corp from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, April 6th. Goldman Sachs Group Inc upgraded shares of E*TRADE Financial Corp from a “neutral” rating to a “buy” rating in a report on Tuesday, January 10th. Finally, JMP Securities decreased their price objective on shares of E*TRADE Financial Corp from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Monday, March 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $35.32.

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In related news, insider Rodger A. Lawson sold 7,947 shares of the company’s stock in a transaction that occurred on Monday, March 27th. The stock was sold at an average price of $33.03, for a total transaction of $262,489.41. Following the completion of the transaction, the insider now owns 94,910 shares in the company, valued at $3,134,877.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Karl A. Roessner sold 16,476 shares of the company’s stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $34.72, for a total value of $572,046.72. Following the transaction, the chief executive officer now owns 260,364 shares of the company’s stock, valued at approximately $9,039,838.08. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.

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.

5 Day Chart for NASDAQ:ETFC

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