Media stories about Discover Financial Services (NYSE:DFS) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Discover Financial Services earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.915871041747 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Notable Hot Stocks: Trustmark Corporation, (NASDAQ: TRMK), Discover Financial Services, (NYSE: DFS); – TNN (tradingnewsnow.com)
- Discover Financial Services (DFS) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
- Technical Story: Discover Financial Services (DFS) stands -2.11% away from 50 SMA – Nasdaq Chronicle (nasdaqchronicle.com)
- Discover Financial Services (DFS) Expected to Earn FY2018 Earnings of $8.00 Per Share (americanbankingnews.com)
- Wedbush Weighs in on Discover Financial Services’ Q1 2018 Earnings (DFS) (americanbankingnews.com)
Several brokerages have recently commented on DFS. Instinet decreased their price objective on shares of Discover Financial Services from $96.00 to $94.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. Jefferies Group restated a “buy” rating and issued a $91.00 price objective on shares of Discover Financial Services in a report on Thursday, January 11th. JPMorgan Chase & Co. decreased their price objective on shares of Discover Financial Services from $82.50 to $82.00 and set a “neutral” rating on the stock in a report on Thursday, January 25th. Zacks Investment Research lowered shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Finally, JMP Securities upped their price objective on shares of Discover Financial Services to $91.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $85.61.
Discover Financial Services (NYSE:DFS) traded down $0.68 during trading on Tuesday, reaching $75.36. 2,200,554 shares of the company’s stock were exchanged, compared to its average volume of 2,282,113. The firm has a market cap of $27,153.09, a price-to-earnings ratio of 13.93, a PEG ratio of 1.13 and a beta of 1.49. Discover Financial Services has a 12 month low of $57.50 and a 12 month high of $81.93. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.51 and a current ratio of 1.51.
Discover Financial Services (NYSE:DFS) last released its earnings results on Wednesday, January 24th. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.02. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $1.85 billion. Discover Financial Services had a net margin of 17.95% and a return on equity of 21.49%. analysts predict that Discover Financial Services will post 7.63 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 8th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.35 per share. The ex-dividend date was Wednesday, February 21st. This represents a $1.40 dividend on an annualized basis and a yield of 1.86%. Discover Financial Services’s dividend payout ratio (DPR) is presently 25.88%.
In other Discover Financial Services news, COO Roger C. Hochschild sold 15,259 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $76.83, for a total value of $1,172,348.97. Following the sale, the chief operating officer now directly owns 734,878 shares of the company’s stock, valued at approximately $56,460,676.74. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Diane E. Offereins sold 15,000 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $77.27, for a total transaction of $1,159,050.00. Following the completion of the sale, the executive vice president now directly owns 134,841 shares in the company, valued at $10,419,164.07. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 29,000 shares of company stock worth $8,670 and have sold 242,674 shares worth $19,140,541. 0.81% of the stock is owned by corporate insiders.
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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