Discover Financial Services (NYSE:DFS) will be releasing its earnings data after the market closes on Wednesday, January 24th. Analysts expect Discover Financial Services to post earnings of $1.55 per share for the quarter.
Discover Financial Services (NYSE:DFS) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.06. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $1.87 billion. Discover Financial Services had a return on equity of 21.01% and a net margin of 20.04%. On average, analysts expect Discover Financial Services to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Shares of Discover Financial Services (NYSE DFS) opened at $78.87 on Tuesday. The stock has a market capitalization of $28,660.00, a PE ratio of 13.57, a price-to-earnings-growth ratio of 1.28 and a beta of 1.52. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52. Discover Financial Services has a fifty-two week low of $57.50 and a fifty-two week high of $81.23.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 22nd will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Wednesday, February 21st. Discover Financial Services’s dividend payout ratio (DPR) is 24.10%.
In related news, CFO R. Mark Graf sold 16,503 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $66.67, for a total value of $1,100,255.01. Following the transaction, the chief financial officer now owns 82,402 shares in the company, valued at approximately $5,493,741.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Roger C. Hochschild sold 15,258 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $66.79, for a total value of $1,019,081.82. Following the transaction, the chief operating officer now owns 769,440 shares in the company, valued at approximately $51,390,897.60. The disclosure for this sale can be found here. Insiders sold a total of 179,277 shares of company stock worth $12,673,925 in the last 90 days. 0.96% of the stock is currently owned by insiders.
A number of brokerages have issued reports on DFS. Deutsche Bank began coverage on Discover Financial Services in a report on Tuesday, January 2nd. They set a “buy” rating and a $92.00 price target for the company. Zacks Investment Research cut Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Bank of America upgraded Discover Financial Services from a “neutral” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Monday, December 18th. Barclays set a $95.00 target price on Discover Financial Services and gave the stock a “buy” rating in a research report on Friday, January 12th. Finally, Wells Fargo & Co reiterated a “market perform” rating and set a $83.00 target price (up previously from $69.00) on shares of Discover Financial Services in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eighteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $80.76.
About Discover Financial Services
Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.
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