Capital One Financial Corporation Forecasted to Earn Q1 2018 Earnings of $2.13 Per Share (NYSE:COF)

Capital One Financial Corporation (NYSE:COF) – Equities research analysts at Wedbush raised their Q1 2018 earnings per share estimates for Capital One Financial Corporation in a research report issued on Wednesday, Zacks Investment Research reports. Wedbush analyst H. Coffey now anticipates that the financial services provider will earn $2.13 per share for the quarter, up from their prior forecast of $2.09. Wedbush currently has a “Neutral” rating and a $80.00 target price on the stock. Wedbush also issued estimates for Capital One Financial Corporation’s Q2 2018 earnings at $2.24 EPS, Q3 2018 earnings at $1.97 EPS, Q4 2018 earnings at $2.00 EPS and FY2018 earnings at $8.35 EPS.

A number of other equities analysts have also issued reports on COF. UBS AG raised Capital One Financial Corporation from an “underperform” rating to a “market perform” rating in a report on Friday, July 21st. Oppenheimer Holdings, Inc. raised Capital One Financial Corporation from an “underperform” rating to a “market perform” rating and set a $82.00 price target on the stock in a report on Friday, July 21st. CIBC raised Capital One Financial Corporation from an “underperform” rating to a “market perform” rating in a report on Friday, July 21st. Barclays PLC reaffirmed an “overweight” rating and issued a $105.00 price objective on shares of Capital One Financial Corporation in a report on Saturday, July 22nd. Finally, Zacks Investment Research raised Capital One Financial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $95.00.

ILLEGAL ACTIVITY NOTICE: “Capital One Financial Corporation Forecasted to Earn Q1 2018 Earnings of $2.13 Per Share (NYSE:COF)” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://ledgergazette.com/2017/11/13/capital-one-financial-corporation-expected-to-post-q1-2018-earnings-of-2-13-per-share-cof.html.

Capital One Financial Corporation (NYSE COF) opened at $87.15 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 1.17. Capital One Financial Corporation has a twelve month low of $76.05 and a twelve month high of $96.92. The stock has a market capitalization of $42,245.44, a PE ratio of 11.50, a P/E/G ratio of 1.30 and a beta of 1.30.

Capital One Financial Corporation (NYSE:COF) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.15 by $0.27. Capital One Financial Corporation had a return on equity of 8.25% and a net margin of 13.34%. The firm had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.81 billion. During the same quarter last year, the company posted $2.03 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Monday, November 13th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, November 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.84%. Capital One Financial Corporation’s dividend payout ratio is currently 22.63%.

In other Capital One Financial Corporation news, Director Ann F. Hackett sold 11,055 shares of the business’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $91.18, for a total value of $1,007,994.90. Following the completion of the transaction, the director now directly owns 69,066 shares in the company, valued at approximately $6,297,437.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mayo A. Shattuck III sold 24,167 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $92.71, for a total value of $2,240,522.57. Following the completion of the transaction, the director now owns 59,613 shares of the company’s stock, valued at $5,526,721.23. The disclosure for this sale can be found here. Insiders have sold a total of 43,514 shares of company stock valued at $4,011,299 over the last 90 days. Insiders own 1.73% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Zeke Capital Advisors LLC raised its holdings in Capital One Financial Corporation by 203.1% in the 3rd quarter. Zeke Capital Advisors LLC now owns 9,205 shares of the financial services provider’s stock valued at $779,000 after acquiring an additional 6,168 shares during the last quarter. Amalgamated Bank raised its holdings in Capital One Financial Corporation by 1.9% in the 3rd quarter. Amalgamated Bank now owns 55,447 shares of the financial services provider’s stock valued at $4,694,000 after acquiring an additional 1,021 shares during the last quarter. Gould Asset Management LLC CA acquired a new position in Capital One Financial Corporation in the 3rd quarter valued at $203,000. Twin Capital Management Inc. acquired a new position in Capital One Financial Corporation in the 3rd quarter valued at $2,479,000. Finally, Evanston Investments Inc. dba Evanston Advisors raised its holdings in Capital One Financial Corporation by 1.4% in the 3rd quarter. Evanston Investments Inc. dba Evanston Advisors now owns 93,074 shares of the financial services provider’s stock valued at $7,880,000 after acquiring an additional 1,292 shares during the last quarter. Institutional investors own 87.40% of the company’s stock.

Capital One Financial Corporation Company Profile

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

Get a free copy of the Zacks research report on Capital One Financial Corporation (COF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Capital One Financial Corporation (NYSE:COF)

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

Leave a Reply