Brokerages expect Discover Financial Services (NYSE:DFS) to announce $1.53 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Discover Financial Services’ earnings. The lowest EPS estimate is $1.46 and the highest is $1.58. Discover Financial Services reported earnings per share of $1.40 in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.3%. The company is expected to issue its next earnings report after the market closes on Wednesday, January 24th.
On average, analysts expect that Discover Financial Services will report full-year earnings of $5.93 per share for the current year, with EPS estimates ranging from $5.86 to $5.99. For the next fiscal year, analysts anticipate that the business will report earnings of $6.78 per share, with EPS estimates ranging from $6.33 to $7.76. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Discover Financial Services.
DFS has been the topic of a number of recent research reports. Morgan Stanley cut their target price on shares of Discover Financial Services from $71.00 to $70.00 and set an “overweight” rating on the stock in a report on Friday, September 8th. ValuEngine cut shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Monday, September 11th. Zacks Investment Research raised shares of Discover Financial Services from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Buckingham Research initiated coverage on shares of Discover Financial Services in a report on Monday, October 2nd. They issued a “buy” rating and a $74.00 target price on the stock. Finally, Wells Fargo & Co initiated coverage on shares of Discover Financial Services in a report on Tuesday, October 10th. They issued a “market perform” rating and a $69.00 target price on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eighteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $78.24.
Shares of Discover Financial Services (DFS) traded down $0.09 during midday trading on Monday, reaching $78.16. 1,593,009 shares of the company’s stock were exchanged, compared to its average volume of 2,310,000. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.52. Discover Financial Services has a 1 year low of $57.50 and a 1 year high of $78.83. The company has a market capitalization of $28,400.00, a PE ratio of 13.45, a P/E/G ratio of 1.81 and a beta of 1.52.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Tuesday, November 21st. Discover Financial Services’s dividend payout ratio is 24.10%.
In related news, EVP Kathryn Mcnamara Corley sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $76.81, for a total value of $307,240.00. Following the completion of the transaction, the executive vice president now owns 134,744 shares of the company’s stock, valued at approximately $10,349,686.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Carlos Minetti sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $66.68, for a total transaction of $533,440.00. Following the completion of the transaction, the executive vice president now directly owns 173,149 shares of the company’s stock, valued at approximately $11,545,575.32. The disclosure for this sale can be found here. Insiders sold a total of 179,277 shares of company stock valued at $12,673,925 in the last ninety days. Company insiders own 0.96% of the company’s stock.
Large investors have recently modified their holdings of the business. Grove Bank & Trust boosted its stake in shares of Discover Financial Services by 2,483.3% during the 3rd quarter. Grove Bank & Trust now owns 1,550 shares of the financial services provider’s stock valued at $100,000 after buying an additional 1,490 shares during the period. Rational Advisors LLC acquired a new stake in shares of Discover Financial Services during the 3rd quarter valued at $123,000. Americafirst Capital Management LLC acquired a new stake in shares of Discover Financial Services during the 3rd quarter valued at $140,000. Capstone Investment Advisors Netherlands B.V. acquired a new stake in shares of Discover Financial Services during the 2nd quarter valued at $157,000. Finally, San Francisco Sentry Investment Group CA bought a new position in shares of Discover Financial Services during the 2nd quarter valued at $170,000. 84.77% of the stock is owned by institutional investors.
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Discover Financial Services Company Profile
Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.
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