Research Analysts Issue Forecasts for Capital One Financial Corporation’s FY2017 Earnings (NYSE:COF)

Capital One Financial Corporation (NYSE:COF) – Analysts at Wedbush issued their FY2017 earnings per share estimates for shares of Capital One Financial Corporation in a research report issued on Wednesday, Zacks Investment Research reports. Wedbush analyst H. Coffey forecasts that the financial services provider will earn $8.00 per share for the year. Wedbush has a “Neutral” rating and a $80.00 price target on the stock. Wedbush also issued estimates for Capital One Financial Corporation’s Q4 2017 earnings at $1.87 EPS.



COF has been the topic of several other research reports. Zacks Investment Research raised Capital One Financial Corporation from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. BMO Capital Markets reaffirmed a “buy” rating and set a $116.00 price objective on shares of Capital One Financial Corporation in a research note on Friday, October 6th. Oppenheimer Holdings, Inc. raised Capital One Financial Corporation from an “underperform” rating to a “market perform” rating and set a $82.00 price objective on the stock in a research note on Friday, July 21st. Piper Jaffray Companies started coverage on Capital One Financial Corporation in a research note on Thursday, September 21st. They set an “underweight” rating and a $81.00 price objective on the stock. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $106.00 price target on shares of Capital One Financial Corporation in a research note on Friday, September 15th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $95.00.

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Shares of Capital One Financial Corporation (NYSE COF) traded down $0.96 during trading on Friday, reaching $87.15. The company had a trading volume of 1,591,700 shares, compared to its average volume of 2,643,075. The firm has a market cap of $42,710.81, a P/E ratio of 11.62, a PEG ratio of 1.32 and a beta of 1.30. Capital One Financial Corporation has a twelve month low of $76.05 and a twelve month high of $96.92. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.07 and a quick ratio of 1.06.

Capital One Financial Corporation (NYSE:COF) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $2.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.27. The business had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.81 billion. Capital One Financial Corporation had a return on equity of 8.25% and a net margin of 13.34%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.03 EPS.

Large investors have recently modified their holdings of the company. South State Corp boosted its holdings in shares of Capital One Financial Corporation by 9.2% during the second quarter. South State Corp now owns 65,457 shares of the financial services provider’s stock worth $5,408,000 after acquiring an additional 5,510 shares during the period. Bank of Nova Scotia boosted its holdings in shares of Capital One Financial Corporation by 70.8% during the second quarter. Bank of Nova Scotia now owns 187,907 shares of the financial services provider’s stock worth $15,525,000 after acquiring an additional 77,861 shares during the period. Sky Investment Group LLC boosted its holdings in shares of Capital One Financial Corporation by 9.4% during the second quarter. Sky Investment Group LLC now owns 3,380 shares of the financial services provider’s stock worth $279,000 after acquiring an additional 290 shares during the period. CNA Financial Corp boosted its holdings in shares of Capital One Financial Corporation by 20.6% during the second quarter. CNA Financial Corp now owns 31,827 shares of the financial services provider’s stock worth $2,630,000 after acquiring an additional 5,427 shares during the period. Finally, Cypress Capital Group bought a new stake in shares of Capital One Financial Corporation during the second quarter worth approximately $744,000. Institutional investors own 87.40% of the company’s stock.

In related news, insider Michael Slocum sold 8,292 shares of Capital One Financial Corporation stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $91.99, for a total transaction of $762,781.08. Following the completion of the transaction, the insider now owns 53,613 shares in the company, valued at $4,931,859.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mayo A. Shattuck III sold 24,167 shares of Capital One Financial Corporation stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $92.71, for a total value of $2,240,522.57. Following the transaction, the director now owns 59,613 shares of the company’s stock, valued at approximately $5,526,721.23. The disclosure for this sale can be found here. Insiders have sold 43,514 shares of company stock valued at $4,011,299 in the last quarter. 1.73% of the stock is currently owned by corporate insiders.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Monday, November 13th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Friday, November 10th. Capital One Financial Corporation’s payout ratio is currently 22.63%.

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.

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

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