Q2 2019 EPS Estimates for Discover Financial Services (DFS) Increased by William Blair

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Discover Financial Services (NYSE:DFS) – Research analysts at William Blair lifted their Q2 2019 earnings per share (EPS) estimates for Discover Financial Services in a report released on Thursday, January 17th. William Blair analyst R. Napoli now expects that the financial services provider will post earnings of $2.13 per share for the quarter, up from their prior estimate of $2.11. William Blair also issued estimates for Discover Financial Services’ Q3 2019 earnings at $2.29 EPS.

Other research analysts also recently issued research reports about the company. Zacks Investment Research raised Discover Financial Services from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a report on Monday, November 19th. Barclays set a $85.00 price target on Discover Financial Services and gave the company a “buy” rating in a research note on Friday, December 14th. ValuEngine raised Discover Financial Services from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. Finally, Stephens reissued a “hold” rating and issued a $80.00 price target on shares of Discover Financial Services in a research note on Sunday, January 6th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $86.17.

NYSE:DFS opened at $66.37 on Monday. Discover Financial Services has a 52-week low of $54.36 and a 52-week high of $81.93. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market cap of $22.30 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 0.62 and a beta of 1.56.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings data on Thursday, October 25th. The financial services provider reported $2.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.05. Discover Financial Services had a return on equity of 25.49% and a net margin of 19.51%. The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.69 billion.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital World Investors increased its position in shares of Discover Financial Services by 2.8% in the 3rd quarter. Capital World Investors now owns 14,395,380 shares of the financial services provider’s stock valued at $1,100,527,000 after buying an additional 393,987 shares in the last quarter. Primecap Management Co. CA increased its position in shares of Discover Financial Services by 2.6% in the 3rd quarter. Primecap Management Co. CA now owns 12,542,195 shares of the financial services provider’s stock valued at $958,851,000 after buying an additional 318,299 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Discover Financial Services by 0.5% in the 3rd quarter. Bessemer Group Inc. now owns 3,971,419 shares of the financial services provider’s stock valued at $303,614,000 after buying an additional 20,522 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Discover Financial Services by 7.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,961,303 shares of the financial services provider’s stock valued at $302,841,000 after buying an additional 272,970 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Discover Financial Services by 1.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,717,616 shares of the financial services provider’s stock valued at $284,212,000 after buying an additional 39,555 shares in the last quarter. Institutional investors and hedge funds own 85.89% of the company’s stock.

In related news, insider David W. Nelms sold 30,000 shares of the company’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $69.81, for a total value of $2,094,300.00. Following the completion of the sale, the insider now owns 1,150,798 shares in the company, valued at approximately $80,337,208.38. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Carlos Minetti sold 3,750 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $71.98, for a total transaction of $269,925.00. Following the completion of the sale, the executive vice president now owns 122,602 shares of the company’s stock, valued at approximately $8,824,891.96. The disclosure for this sale can be found here. In the last three months, insiders sold 70,350 shares of company stock worth $4,985,938. 0.81% of the stock is currently owned by company insiders.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Thursday, February 21st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Wednesday, February 20th. Discover Financial Services’s dividend payout ratio (DPR) is currently 26.76%.

Discover Financial Services Company Profile

Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.

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Earnings History and Estimates for Discover Financial Services (NYSE:DFS)

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