Shares of E*TRADE Financial Corporation (NASDAQ:ETFC) recorded -2.57% loss during trading session on December 6th, 2018. The script traded as low as $46.1 and last traded at $47.40. 6.74 million shares changed exchanged hands during trading, a drop of -100.53% from the 30-day average session volume of 3.36M shares. The firm had previously closed at $48.65. The company has $259.50M outstanding shares, a price-to-earnings ratio of 13.49, price-to-earnings-growth ratio of 4.24and a beta of 1.09. The company has a RSI of 34.81, ATR of 1.72 and a volatility of 4.04% this week. ETFC has a 52 week low price of $45.97 and a 52 week high price of $66.46.
Investors have identified the tech company E*TRADE Financial Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 12.30B, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
E*TRADE Financial Corporation (ETFC) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For ETFC, the company has in raw cash 44.89 billion on their books with 0 currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 2.88 billion total, with 0 as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
ETFC were able to record 0 as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 1.22 billion. In cash movements, the company had a total of 0 as operating cash flow.
Potential earnings growth for E*TRADE Financial Corporation (ETFC)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, E*TRADE Financial Corporation recorded a total of 514 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.20% coming in sequential stages and their sales for the third quarter increasing by 0.05%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 48 million trying to sell their products during the last quarter, with the result yielding a gross income of 466 million. This allows shareholders to hold on to 259.50M with the revenue now reading 1010 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.95 cents a share).
Is the stock of ETFC attractive?
Having a look at the company’s valuation, the company is expected to record 4.23 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ETFC sounds very interesting.
In related news, Director WEINREICH JOSHUA bought 5,725 shares of the company’s stock in a transaction that recorded on November 6th, 2018. The purchase was performed at an average price of 52.33, for a total value of 299,588. As the purchase deal closes, the Executive Chairman WEINREICH JOSHUA now bought 5,000 shares of the company’s stock, valued at 256,350. Also, Executive Chairman LAWSON RODGER A bought 5,000 shares of the company’s stock in a deal that was recorded on November 2nd, 2018. The shares were bought at an average cost of 51.26 per share, with a total market value of 109,191. Following this completion of disposal, the Chief Operating Officer & CFO now holds 10,000 shares of the company’s stock, valued at 516,735. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.
8 out of 15 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on E*TRADE Financial Corporation stock. 0 analysts has assigned a Sell rating on the ETFC stock. The 12-month mean consensus price target for the company’s shares has been set at $61.67.