Equities research analysts forecast that Capital One Financial Corp. (NYSE:COF) will report sales of $6.97 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Capital One Financial’s earnings, with estimates ranging from $6.85 billion to $7.06 billion. Capital One Financial posted sales of $6.54 billion during the same quarter last year, which suggests a positive year over year growth rate of 6.6%. The company is scheduled to announce its next quarterly earnings report on Tuesday, April 24th.
On average, analysts expect that Capital One Financial will report full year sales of $6.97 billion for the current fiscal year, with estimates ranging from $28.37 billion to $29.10 billion. For the next fiscal year, analysts forecast that the firm will report sales of $29.82 billion per share, with estimates ranging from $29.35 billion to $30.40 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Capital One Financial.
Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $1.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.85 by ($0.23). The firm had revenue of $7 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Capital One Financial had a net margin of 6.89% and a return on equity of 8.36%. 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 business earned $1.45 EPS.
In other news, Director Bradford H. Warner sold 3,000 shares of Capital One Financial stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $99.46, for a total transaction of $298,380.00. Following the completion of the sale, the director now owns 53,085 shares of the company’s stock, valued at $5,279,834.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Yajnik Sanjiv sold 156,278 shares of Capital One Financial stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $100.00, for a total transaction of $15,627,800.00. Following the sale, the insider now directly owns 199,216 shares of the company’s stock, valued at approximately $19,921,600. The disclosure for this sale can be found here. Insiders have sold 960,555 shares of company stock valued at $97,981,047 in the last ninety days. Insiders own 1.73% of the company’s stock.
Several institutional investors have recently bought and sold shares of COF. Cerebellum GP LLC bought a new stake in shares of Capital One Financial during the fourth quarter valued at approximately $127,000. Delpha Capital Management LLC bought a new stake in shares of Capital One Financial during the fourth quarter valued at approximately $134,000. SeaCrest Wealth Management LLC bought a new stake in shares of Capital One Financial during the fourth quarter valued at approximately $141,000. Captrust Financial Advisors bought a new stake in shares of Capital One Financial during the fourth quarter valued at approximately $162,000. Finally, Camelot Portfolios LLC bought a new stake in shares of Capital One Financial during the third quarter valued at approximately $201,000. 88.66% of the stock is owned by hedge funds and other institutional investors.
Shares of Capital One Financial (COF) traded up $1.71 during trading on Wednesday, hitting $100.75. The stock had a trading volume of 2,098,798 shares, compared to its average volume of 2,630,000. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.23. Capital One Financial has a 52-week low of $76.05 and a 52-week high of $106.50. The stock has a market capitalization of $48,840.00, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 0.90 and a beta of 1.33.
Capital One Financial announced that its Board of Directors has initiated a stock buyback program on Tuesday, December 26th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 12th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Friday, February 9th. Capital One Financial’s payout ratio is currently 21.45%.
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Capital One Financial Company Profile
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.
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