Jefferies Group Weighs in on Capital One Financial Corporation’s Q4 2017 Earnings (COF)

Capital One Financial Corporation (NYSE:COF) – Analysts at Jefferies Group reduced their Q4 2017 earnings per share estimates for Capital One Financial Corporation in a research report issued to clients and investors on Wednesday, according to Zacks Investment Research. Jefferies Group analyst J. Hecht now forecasts that the financial services provider will post earnings of $1.65 per share for the quarter, down from their prior estimate of $1.86. Jefferies Group also issued estimates for Capital One Financial Corporation’s Q1 2018 earnings at $2.41 EPS, Q2 2018 earnings at $2.07 EPS and FY2018 earnings at $8.47 EPS.

Several other brokerages have also issued reports on COF. Compass Point started coverage on Capital One Financial Corporation in a research note on Thursday, August 10th. They issued a “neutral” rating and a $90.00 price target on the stock. Keefe, Bruyette & Woods set a $106.00 price objective on Capital One Financial Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 15th. BidaskClub lowered Capital One Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Zacks Investment Research upgraded Capital One Financial Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Buckingham Research initiated coverage on Capital One Financial Corporation in a report on Monday, October 2nd. They set a “buy” rating and a $99.00 target price on the stock. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Capital One Financial Corporation presently has an average rating of “Hold” and an average price target of $95.00.

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Capital One Financial Corporation (NYSE:COF) opened at $87.15 on Friday. The firm has a market capitalization of $42,245.44, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 1.30 and a beta of 1.30. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 1.17. Capital One Financial Corporation has a fifty-two week low of $76.05 and a fifty-two week high of $96.92.

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 for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.27. The business had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.81 billion. Capital One Financial Corporation had a return on equity of 8.25% and a net margin of 13.34%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the firm posted $2.03 EPS.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Teachers Advisors LLC grew its holdings in Capital One Financial Corporation by 10.6% during the 1st quarter. Teachers Advisors LLC now owns 945,796 shares of the financial services provider’s stock valued at $81,963,000 after purchasing an additional 90,284 shares during the last quarter. Birch Hill Investment Advisors LLC grew its holdings in Capital One Financial Corporation by 1.4% during the 1st quarter. Birch Hill Investment Advisors LLC now owns 265,904 shares of the financial services provider’s stock valued at $23,043,000 after purchasing an additional 3,790 shares during the last quarter. Cornerstone Wealth Management LLC grew its holdings in Capital One Financial Corporation by 5.2% during the 1st quarter. Cornerstone Wealth Management LLC now owns 2,863 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 141 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Capital One Financial Corporation by 2.2% during the 1st quarter. Teacher Retirement System of Texas now owns 1,096,992 shares of the financial services provider’s stock valued at $95,065,000 after purchasing an additional 23,648 shares during the last quarter. Finally, Banque Pictet & Cie SA grew its holdings in Capital One Financial Corporation by 79.3% during the 1st quarter. Banque Pictet & Cie SA now owns 72,127 shares of the financial services provider’s stock valued at $6,251,000 after purchasing an additional 31,890 shares during the last quarter. Hedge funds and other institutional investors own 87.40% of the company’s stock.

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 shares were sold at an average price of $91.18, for a total value of $1,007,994.90. Following the sale, the director now owns 69,066 shares in the company, valued at approximately $6,297,437.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mayo A. Shattuck III sold 24,167 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $92.71, for a total transaction of $2,240,522.57. Following the sale, the director now owns 59,613 shares in the company, valued at $5,526,721.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,514 shares of company stock worth $4,011,299. 1.73% of the stock is owned by corporate insiders.

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

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.

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

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