E*TRADE Financial Corp (ETFC) Files 10-K for the Fiscal Year Ended on December 31, 2017

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E*TRADE Financial Corp (ETFC) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. E*TRADE Financial Corp is a financial services company. It provides brokerage and related products and services to individual retail investors. It also provides investor-focused banking products and sweep deposits to retail investors. E*TRADE Financial Corp has a market cap of $13.81 billion; its shares were traded at around $51.76 with a P/E ratio of 24.07 and P/S ratio of 6.39. E*TRADE Financial Corp had annual average EBITDA growth of 4.00% over the past five years.


For the last quarter E*TRADE Financial Corp reported a revenue of $637.0 million, compared with the revenue of $509.0 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $2.4 billion, an increase of 21.9% from last year. For the last five years E*TRADE Financial Corp had an average revenue growth rate of 5.7% a year.

The reported diluted earnings per share was $2.15 for the year, an increase of 8.6% from previous year. The E*TRADE Financial Corp enjoyed an operating margin of 44.97%, compared with the operating margin of 43.17% a year before. The 10-year historical median operating margin of E*TRADE Financial Corp is 9.65%. The profitability rank of the company is 3 (out of 10).

At the end of the fiscal year, E*TRADE Financial Corp has the cash and cash equivalents of $931.0 million, compared with $2 billion in the previous year. The long term debt was $1.9 billion, compared with $1.4 billion in the previous year. The interest coverage to the debt is at a comfortable level of 12.4. E*TRADE Financial Corp has a financial strength rank of 5 (out of 10).

At the current stock price of $51.76, E*TRADE Financial Corp is traded at 87.8% premium to its historical median P/S valuation band of $27.56. The P/S ratio of the stock is 6.39, while the historical median P/S ratio is 3.40. The stock gained 39.92% during the past 12 months.

CEO Recent Trades:

  • CEO Karl A Roessner sold 115,059 shares of ETFC stock on 02/08/2018 at the average price of $51.79. The price of the stock has decreased by 0.06% since.

CFO Recent Trades:

  • CFO Michael A. Pizzi sold 69,829 shares of ETFC stock on 02/08/2018 at the average price of $51.58. The price of the stock has increased by 0.35% since.

Directors and Officers Recent Trades:

  • Executive Chairman Rodger A Lawson sold 13,174 shares of ETFC stock on 02/08/2018 at the average price of $51.27. The price of the stock has increased by 0.96% since.

  • Chief Brokerage Officer Michael John Curcio sold 34,158 shares of ETFC stock on 02/08/2018 at the average price of $51.74. The price of the stock has increased by 0.04% since.

  • Director Joseph L Sclafani sold 2,000 shares of ETFC stock on 01/30/2018 at the average price of $52.75. The price of the stock has decreased by 1.88% since.

For the complete 20-year historical financial data of ETFC, click here.

This article first appeared on GuruFocus.


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