Zacks: Analysts Expect Capital One Financial Corp. (NYSE:COF) Will Announce Earnings of $2.85 Per Share

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Brokerages predict that Capital One Financial Corp. (NYSE:COF) will report $2.85 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Capital One Financial’s earnings. The highest EPS estimate is $3.18 and the lowest is $2.72. Capital One Financial posted earnings per share of $3.22 in the same quarter last year, which would suggest a negative year over year growth rate of 11.5%. The business is expected to announce its next earnings report on Thursday, July 18th.

On average, analysts expect that Capital One Financial will report full-year earnings of $11.09 per share for the current year, with EPS estimates ranging from $10.83 to $11.29. For the next fiscal year, analysts anticipate that the company will post earnings of $12.04 per share, with EPS estimates ranging from $11.52 to $12.43. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Capital One Financial.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $2.90 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.22. The firm had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.03 billion. Capital One Financial had a net margin of 18.47% and a return on equity of 10.95%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.62 earnings per share.

A number of analysts recently commented on the stock. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $95.00 to $115.00 in a report on Tuesday, May 14th. Zacks Investment Research downgraded shares of Capital One Financial from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. ValuEngine raised shares of Capital One Financial from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $98.00 price target on shares of Capital One Financial in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. Capital One Financial has a consensus rating of “Buy” and an average target price of $104.35.

In related news, insider Jory A. Berson sold 13,393 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total transaction of $1,205,370.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Bradford H. Warner sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $85.98, for a total transaction of $343,920.00. Following the transaction, the director now directly owns 57,930 shares in the company, valued at approximately $4,980,821.40. The disclosure for this sale can be found here. Insiders sold 20,321 shares of company stock worth $1,796,823 in the last ninety days. Insiders own 1.43% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Belpointe Asset Management LLC purchased a new position in shares of Capital One Financial during the first quarter valued at approximately $114,000. Marshall Wace North America L.P. purchased a new position in shares of Capital One Financial during the first quarter valued at approximately $5,755,000. Rehmann Capital Advisory Group lifted its stake in shares of Capital One Financial by 1.7% during the first quarter. Rehmann Capital Advisory Group now owns 9,303 shares of the financial services provider’s stock valued at $760,000 after buying an additional 155 shares during the period. GYL Financial Synergies LLC purchased a new position in shares of Capital One Financial during the first quarter valued at approximately $219,000. Finally, Lowe Brockenbrough & Co. Inc. purchased a new position in shares of Capital One Financial during the first quarter valued at approximately $221,000. 88.72% of the stock is currently owned by institutional investors and hedge funds.

COF stock traded up $0.22 during trading on Thursday, reaching $90.77. 1,204,151 shares of the company were exchanged, compared to its average volume of 2,362,627. The company has a market cap of $42.89 billion, a P/E ratio of 8.34, a P/E/G ratio of 0.92 and a beta of 1.27. Capital One Financial has a 52-week low of $69.90 and a 52-week high of $101.26. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.94.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Monday, May 13th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Friday, May 10th. Capital One Financial’s dividend payout ratio (DPR) is presently 14.71%.

About Capital One Financial

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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