Capital One Financial Corp. (COF) Expected to Post Earnings of $2.45 Per Share

Equities research analysts predict that Capital One Financial Corp. (NYSE:COF) will post $2.45 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Capital One Financial’s earnings, with the lowest EPS estimate coming in at $2.01 and the highest estimate coming in at $2.71. Capital One Financial posted earnings per share of $1.66 in the same quarter last year, which would suggest a positive year-over-year growth rate of 47.6%. The company is expected to report its next earnings report on Tuesday, January 22nd.

According to Zacks, analysts expect that Capital One Financial will report full year earnings of $11.78 per share for the current fiscal year, with EPS estimates ranging from $11.35 to $12.01. For the next financial year, analysts forecast that the business will report earnings of $11.35 per share, with EPS estimates ranging from $9.88 to $12.35. Zacks’ earnings per share calculations are an average based on a survey of analysts that that provide coverage for Capital One Financial.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $3.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.89 by $0.23. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.88 billion. Capital One Financial had a return on equity of 11.01% and a net margin of 11.84%. The business’s revenue was down .3% compared to the same quarter last year. During the same period last year, the company earned $2.42 earnings per share.

A number of research analysts have weighed in on the company. Citigroup decreased their price target on Capital One Financial from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, November 1st. Zacks Investment Research upgraded Capital One Financial from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research note on Friday, October 26th. Oppenheimer set a $101.00 price target on Capital One Financial and gave the company a “buy” rating in a research note on Tuesday, October 23rd. Wells Fargo & Co decreased their price target on Capital One Financial from $110.00 to $103.00 and set an “outperform” rating for the company in a research note on Wednesday, October 24th. Finally, ValuEngine downgraded Capital One Financial from a “hold” rating to a “sell” rating in a research note on Monday, October 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $109.14.

COF stock opened at $82.67 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $40.08 billion, a price-to-earnings ratio of 10.61, a P/E/G ratio of 0.68 and a beta of 1.26. Capital One Financial has a twelve month low of $81.85 and a twelve month high of $106.50.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 23rd. Stockholders of record on Monday, November 12th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, November 8th. This represents a $1.60 annualized dividend and a dividend yield of 1.94%. Capital One Financial’s dividend payout ratio is currently 20.54%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cornerstone Wealth Management LLC bought a new stake in Capital One Financial in the 2nd quarter valued at $588,000. Acadian Asset Management LLC bought a new stake in Capital One Financial in the 2nd quarter valued at $277,000. Janney Montgomery Scott LLC boosted its stake in Capital One Financial by 14.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 21,243 shares of the financial services provider’s stock valued at $1,952,000 after purchasing an additional 2,681 shares during the period. Eqis Capital Management Inc. bought a new stake in Capital One Financial in the 2nd quarter valued at $346,000. Finally, Commonwealth Equity Services LLC boosted its stake in Capital One Financial by 18.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 74,840 shares of the financial services provider’s stock valued at $6,878,000 after purchasing an additional 11,797 shares during the period. Institutional investors own 88.35% 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.

Read More: Risk Tolerance and Your Investment Decisions

Get a free copy of the Zacks research report on Capital One Financial (COF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Capital One Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit