Capital One Financial (NYSE:COF) will post its quarterly earnings results after the market closes on Tuesday, April 24th. Analysts expect Capital One Financial to post earnings of $2.24 per share for the quarter.
Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.23). The business had revenue of $7 billion during the quarter, compared to the consensus estimate of $7.12 billion. Capital One Financial had a return on equity of 8.36% and a net margin of 6.89%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 earnings per share. On average, analysts expect Capital One Financial to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.
Capital One Financial stock opened at $96.90 on Tuesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.08. The stock has a market capitalization of $46,873.21, a PE ratio of 12.44, a price-to-earnings-growth ratio of 0.85 and a beta of 1.31. Capital One Financial has a 52 week low of $76.05 and a 52 week high of $106.50.
Capital One Financial declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, December 26th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.
In other news, insider Kleber Santos sold 1,711 shares of the company’s stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $97.00, for a total value of $165,967.00. Following the sale, the insider now directly owns 15,894 shares in the company, valued at approximately $1,541,718. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Richard D. Fairbank sold 485,202 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $105.09, for a total value of $50,989,878.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 575,606 shares of company stock worth $60,316,349. Corporate insiders own 1.40% of the company’s stock.
Several equities analysts recently issued reports on COF shares. Piper Jaffray upgraded Capital One Financial from an “underweight” rating to a “neutral” rating and set a $81.00 price target on the stock in a research note on Monday, December 18th. Bank of America upgraded Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 price target on the stock in a research note on Monday, December 18th. Credit Suisse Group restated a “hold” rating and set a $92.00 price target on shares of Capital One Financial in a research note on Tuesday, December 19th. Compass Point upgraded Capital One Financial from a “neutral” rating to a “buy” rating and boosted their price target for the company from $99.52 to $122.00 in a research note on Friday, December 22nd. Finally, Zacks Investment Research upgraded Capital One Financial from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a research note on Tuesday, December 26th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company. Capital One Financial presently has an average rating of “Hold” and an average target price of $107.57.
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Capital One Financial Company Profile
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
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