Q4 2017 Earnings Estimate for Capital One Financial Corporation (COF) Issued By Oppenheimer Holdings

Capital One Financial Corporation (NYSE:COF) – Investment analysts at Oppenheimer Holdings upped their Q4 2017 EPS estimates for Capital One Financial Corporation in a research report issued on Tuesday, Zacks Investment Research reports. Oppenheimer Holdings analyst B. Chittenden now forecasts that the financial services provider will post earnings of $1.91 per share for the quarter, up from their prior estimate of $1.75. Oppenheimer Holdings has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Capital One Financial Corporation’s FY2018 earnings at $8.46 EPS.

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

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COF has been the subject of several other research reports. BMO Capital Markets restated a “buy” rating and set a $116.00 price objective on shares of Capital One Financial Corporation in a research report on Friday, October 6th. Wells Fargo & Company assumed coverage on shares of Capital One Financial Corporation in a research report on Tuesday, October 10th. They set an “outperform” rating and a $96.00 price objective for the company. Compass Point began coverage on shares of Capital One Financial Corporation in a research report on Thursday, August 10th. They set a “neutral” rating and a $90.00 price objective for the company. Piper Jaffray Companies began coverage on shares of Capital One Financial Corporation in a report on Thursday, September 21st. They issued an “underweight” rating and a $81.00 target price for the company. Finally, Wedbush upgraded shares of Capital One Financial Corporation from an “underperform” rating to a “neutral” rating and set a $80.00 target price for the company in a report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $95.00.

Capital One Financial Corporation (NYSE:COF) traded down $0.96 during trading hours on Thursday, hitting $87.15. 1,591,700 shares of the stock traded hands, compared to its average volume of 2,282,426. Capital One Financial Corporation has a one year low of $76.05 and a one year high of $96.92. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.06 and a current ratio of 1.07. The company has a market cap 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.

Several large investors have recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America raised its position in shares of Capital One Financial Corporation by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,860 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 11 shares during the period. Savant Capital LLC raised its position in shares of Capital One Financial Corporation by 0.9% in the second quarter. Savant Capital LLC now owns 3,213 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 28 shares during the period. ARGA Investment Management LP raised its position in shares of Capital One Financial Corporation by 0.3% in the second quarter. ARGA Investment Management LP now owns 11,002 shares of the financial services provider’s stock valued at $909,000 after purchasing an additional 32 shares during the period. Linscomb & Williams Inc. raised its position in shares of Capital One Financial Corporation by 1.1% in the second quarter. Linscomb & Williams Inc. now owns 2,953 shares of the financial services provider’s stock valued at $244,000 after purchasing an additional 33 shares during the period. Finally, Union Bankshares Corp raised its position in shares of Capital One Financial Corporation by 1.0% in the second quarter. Union Bankshares Corp now owns 8,814 shares of the financial services provider’s stock valued at $728,000 after purchasing an additional 86 shares during the period. 87.40% of the stock is currently owned by institutional investors.

In related news, Director Mayo A. Shattuck III sold 24,167 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 59,613 shares of the company’s stock, valued at $5,526,721.23. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ann F. Hackett sold 11,055 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $91.18, for a total transaction of $1,007,994.90. Following the transaction, the director now directly owns 69,066 shares in the company, valued at approximately $6,297,437.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,514 shares of company stock worth $4,011,299. Insiders own 1.73% of the company’s stock.

The firm 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. This represents a $1.60 annualized dividend and a yield of 1.84%. The ex-dividend date is Friday, November 10th. Capital One Financial Corporation’s payout ratio is presently 22.63%.

About Capital One Financial Corporation

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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