Capital One Financial Corporation (COF) Expected to Earn FY2017 Earnings of $8.00 Per Share

Capital One Financial Corporation (NYSE:COF) – Investment analysts at William Blair upped their FY2017 earnings estimates for Capital One Financial Corporation in a research report issued on Thursday. William Blair analyst R. Napoli now expects that the financial services provider will post earnings per share of $8.00 for the year, up from their previous forecast of $7.93. William Blair also issued estimates for Capital One Financial Corporation’s Q4 2017 earnings at $1.88 EPS, Q1 2018 earnings at $2.34 EPS, Q2 2018 earnings at $2.30 EPS, Q3 2018 earnings at $2.45 EPS and Q4 2018 earnings at $1.88 EPS.

COF has been the topic of several other reports. BMO Capital Markets reaffirmed a “buy” rating and set a $116.00 target price on shares of Capital One Financial Corporation in a research note on Friday, October 6th. Wedbush downgraded shares of Capital One Financial Corporation from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $94.00 to $80.00 in a research note on Wednesday, July 5th. Wells Fargo & Company began coverage on shares of Capital One Financial Corporation in a research note on Tuesday, October 10th. They set an “outperform” rating and a $96.00 target price on the stock. Compass Point began coverage on shares of Capital One Financial Corporation in a research note on Thursday, August 10th. They set a “neutral” rating and a $90.00 target price on the stock. Finally, Oppenheimer Holdings, Inc. set a $82.00 target price on shares of Capital One Financial Corporation and gave the stock a “sell” rating in a research note on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $95.00.

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Capital One Financial Corporation (NYSE COF) opened at 92.18 on Monday. Capital One Financial Corporation has a 1-year low of $71.91 and a 1-year high of $96.92. The company has a market capitalization of $44.62 billion, a P/E ratio of 13.44 and a beta of 1.23. The stock’s 50 day moving average is $85.66 and its 200-day moving average is $82.75.

Capital One Financial Corporation (NYSE:COF) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.81 billion. During the same period last year, the firm earned $2.03 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis.

In related news, Director Mayo A. Shattuck III sold 24,167 shares of the company’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $92.71, for a total value of $2,240,522.57. Following the completion of the sale, the director now owns 59,613 shares in the company, valued at approximately $5,526,721.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ann F. Hackett sold 11,055 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 69,066 shares of the company’s stock, valued at approximately $6,297,437.88. The disclosure for this sale can be found here. Corporate insiders own 1.73% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. BB&T Investment Services Inc. purchased a new stake in Capital One Financial Corporation in the 2nd quarter valued at $108,000. Seven Eight Capital LP raised its position in Capital One Financial Corporation by 16.7% during the 2nd quarter. Seven Eight Capital LP now owns 1,400 shares of the financial services provider’s stock worth $116,000 after buying an additional 200 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in Capital One Financial Corporation by 47.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,652 shares of the financial services provider’s stock worth $137,000 after buying an additional 529 shares during the last quarter. Westside Investment Management Inc. raised its position in Capital One Financial Corporation by 48.0% during the 2nd quarter. Westside Investment Management Inc. now owns 1,745 shares of the financial services provider’s stock worth $143,000 after buying an additional 566 shares during the last quarter. Finally, Guardian Life Insurance Co. of America raised its position in Capital One Financial Corporation by 0.6% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,860 shares of the financial services provider’s stock worth $161,000 after buying an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 87.51% of the company’s stock.

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.

Earnings History and Estimates for Capital One Financial Corporation (NYSE:COF)

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