Equities analysts expect that Capital One Financial Corp. (NYSE:COF) will announce $2.50 earnings per share for the current quarter, according to Zacks. Seven analysts have issued estimates for Capital One Financial’s earnings. The highest EPS estimate is $2.70 and the lowest is $2.22. Capital One Financial reported earnings of $1.96 per share in the same quarter last year, which suggests a positive year over year growth rate of 27.6%. The firm is scheduled to issue its next earnings results on Thursday, July 19th.
According to Zacks, analysts expect that Capital One Financial will report full year earnings of $10.00 per share for the current fiscal year, with EPS estimates ranging from $9.55 to $10.55. For the next fiscal year, analysts expect that the company will post earnings of $10.84 per share, with EPS estimates ranging from $10.20 to $11.34. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Capital One Financial.
Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, April 24th. The financial services provider reported $2.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.34 by $0.31. Capital One Financial had a return on equity of 9.23% and a net margin of 8.38%. The business had revenue of $6.90 million during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the prior year, the company posted $1.75 earnings per share. Capital One Financial’s revenue was up 5.7% compared to the same quarter last year.
Several brokerages recently issued reports on COF. Citigroup decreased their price target on Capital One Financial from $115.00 to $110.00 and set a “buy” rating for the company in a report on Monday. Piper Jaffray Companies upgraded Capital One Financial from a “neutral” rating to an “overweight” rating in a report on Thursday, June 14th. BMO Capital Markets reduced their price objective on Capital One Financial from $133.00 to $126.00 and set an “outperform” rating for the company in a research note on Wednesday, May 9th. Morgan Stanley reduced their price objective on Capital One Financial from $111.00 to $104.00 and set an “equal weight” rating for the company in a research note on Monday, April 30th. Finally, ValuEngine downgraded Capital One Financial from a “buy” rating to a “hold” rating in a research note on Thursday, April 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $108.29.
Shares of Capital One Financial opened at $95.26 on Tuesday, Marketbeat reports. Capital One Financial has a 12-month low of $76.98 and a 12-month high of $106.50. The firm has a market cap of $46.55 billion, a P/E ratio of 12.23, a P/E/G ratio of 0.89 and a beta of 1.31. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.02.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 24th. Stockholders of record on Monday, May 14th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.68%. Capital One Financial’s payout ratio is 20.54%.
In other news, Director Bradford H. Warner sold 3,000 shares of the stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $95.05, for a total transaction of $285,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael J. Wassmer sold 1,787 shares of the stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $98.00, for a total value of $175,126.00. Following the transaction, the insider now owns 84,045 shares of the company’s stock, valued at approximately $8,236,410. The disclosure for this sale can be found here. Insiders have sold a total of 294,954 shares of company stock valued at $27,585,128 in the last quarter. 1.73% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of COF. TLP Group LLC purchased a new stake in Capital One Financial during the 1st quarter worth about $103,000. Well Done LLC purchased a new stake in Capital One Financial during the 1st quarter worth about $106,000. Bedel Financial Consulting Inc. purchased a new stake in Capital One Financial during the 1st quarter worth about $107,000. Psagot Investment House Ltd. lifted its holdings in Capital One Financial by 98.3% during the 1st quarter. Psagot Investment House Ltd. now owns 1,190 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 590 shares in the last quarter. Finally, Jacobi Capital Management LLC lifted its holdings in Capital One Financial by 98.3% during the 1st quarter. Jacobi Capital Management LLC now owns 1,370 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 679 shares in the last quarter. Institutional investors own 88.72% of the company’s stock.
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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