Equities analysts predict that Capital One Financial Corp. (NYSE:COF) will announce earnings of $1.85 per share for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Capital One Financial’s earnings, with the lowest EPS estimate coming in at $1.76 and the highest estimate coming in at $1.96. Capital One Financial posted earnings of $1.45 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 27.6%. The firm is expected to issue its next quarterly earnings report after the market closes on Tuesday, January 23rd.
According to Zacks, analysts expect that Capital One Financial will report full year earnings of $7.48 per share for the current fiscal year, with EPS estimates ranging from $7.43 to $7.52. For the next year, analysts anticipate that the business will post earnings of $9.26 per share, with EPS estimates ranging from $8.07 to $9.99. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Capital One Financial.
Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.27. Capital One Financial had a net margin of 13.34% and a return on equity of 8.25%. The company had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter in the previous year, the company posted $2.03 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year.
Several brokerages have recently issued reports on COF. BMO Capital Markets boosted their price target on shares of Capital One Financial from $116.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Credit Suisse Group reissued a “hold” rating and set a $92.00 price target on shares of Capital One Financial in a report on Tuesday, December 19th. Piper Jaffray Companies reissued a “sell” rating and set a $81.00 price target on shares of Capital One Financial in a report on Friday, October 27th. Wells Fargo & Co began coverage on shares of Capital One Financial in a report on Tuesday, October 10th. They set an “outperform” rating and a $96.00 price target for the company. Finally, Bank of America boosted their price target on shares of Capital One Financial from $89.00 to $91.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $102.14.
In related news, insider Yajnik Sanjiv sold 156,278 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $100.00, for a total value of $15,627,800.00. Following the completion of the sale, the insider now owns 199,216 shares of the company’s stock, valued at $19,921,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mayo A. Shattuck III sold 24,167 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $92.71, for a total transaction of $2,240,522.57. Following the completion of the sale, the director now directly 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 sold 445,368 shares of company stock valued at $43,323,743 in the last ninety days. Corporate insiders own 1.73% of the company’s stock.
A number of institutional investors have recently modified their holdings of COF. BB&T Investment Services Inc. bought a new stake in Capital One Financial in the second quarter worth about $108,000. Seven Eight Capital LP raised its position in Capital One Financial by 16.7% in the second quarter. Seven Eight Capital LP now owns 1,400 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 200 shares in the last quarter. Archford Capital Strategies LLC raised its position in Capital One Financial by 8,078.3% in the second quarter. Archford Capital Strategies LLC now owns 4,907 shares of the financial services provider’s stock worth $140,000 after acquiring an additional 4,847 shares in the last quarter. Westside Investment Management Inc. raised its position in Capital One Financial by 48.0% in the second quarter. Westside Investment Management Inc. now owns 1,745 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 566 shares in the last quarter. Finally, Camelot Portfolios LLC bought a new stake in Capital One Financial in the third quarter worth about $201,000. Hedge funds and other institutional investors own 88.33% of the company’s stock.
Shares of Capital One Financial (COF) traded up $0.97 on Wednesday, hitting $104.38. 2,928,947 shares of the stock traded hands, compared to its average volume of 2,040,000. Capital One Financial has a 52 week low of $76.05 and a 52 week high of $106.47. The firm has a market capitalization of $50,600.00, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 1.03 and a beta of 1.28. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 1.17.
Capital One Financial announced that its board has authorized a stock repurchase program on Tuesday, December 26th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
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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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