Equities research analysts expect that Capital One Financial Corp. (NYSE:COF) will announce $6.97 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Capital One Financial’s earnings, with the highest sales estimate coming in at $7.06 billion and the lowest estimate coming in at $6.85 billion. Capital One Financial reported sales of $6.54 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.6%. The business is expected to report its next quarterly earnings results on Tuesday, April 24th.
On average, analysts expect that Capital One Financial will report full year sales of $6.97 billion for the current financial year, with estimates ranging from $28.37 billion to $29.10 billion. For the next financial year, analysts forecast that the company will post sales of $29.82 billion per share, with estimates ranging from $29.35 billion to $30.40 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Capital One Financial.
Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.85 by ($0.23). The business had revenue of $7 billion during the quarter, compared to analyst estimates of $7.12 billion. Capital One Financial had a return on equity of 8.36% and a net margin of 6.89%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.45 EPS.
Several research firms have weighed in on COF. Piper Jaffray Companies reiterated a “sell” rating and set a $81.00 price objective on shares of Capital One Financial in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research report on Friday, October 27th. Wedbush set a $95.00 price objective on shares of Capital One Financial and gave the stock a “hold” rating in a research report on Monday, December 11th. Bank of America upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 price objective on the stock in a research report on Monday, December 18th. Finally, Credit Suisse Group reiterated a “hold” rating and set a $92.00 price objective on shares of Capital One Financial in a research report on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $107.00.
In other Capital One Financial news, insider Yajnik Sanjiv sold 156,278 shares of Capital One Financial stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $100.00, for a total transaction 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 approximately $19,921,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert M. Alexander sold 76,354 shares of Capital One Financial stock in a transaction on Monday, December 4th. The shares were sold at an average price of $94.84, for a total transaction of $7,241,413.36. Following the sale, the insider now directly owns 89,603 shares of the company’s stock, valued at approximately $8,497,948.52. The disclosure for this sale can be found here. Insiders have sold a total of 954,948 shares of company stock valued at $97,433,019 in the last three months. Company insiders own 1.73% of the company’s stock.
Large investors have recently modified their holdings of the business. Cerebellum GP LLC acquired a new stake in shares of Capital One Financial in the 4th quarter valued at $127,000. Delpha Capital Management LLC acquired a new stake in shares of Capital One Financial in the 4th quarter valued at $134,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Capital One Financial in the 4th quarter valued at $141,000. Captrust Financial Advisors acquired a new stake in shares of Capital One Financial in the 4th quarter valued at $162,000. Finally, HBK Sorce Advisory LLC acquired a new stake in shares of Capital One Financial in the 4th quarter valued at $203,000. 88.66% of the stock is owned by institutional investors.
Capital One Financial (NYSE:COF) traded up $2.37 during trading on Wednesday, reaching $99.04. 1,351,945 shares of the company’s stock traded hands, compared to its average volume of 2,670,000. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.08. The firm has a market capitalization of $48,010.00, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 0.88 and a beta of 1.33. Capital One Financial has a 12-month low of $76.05 and a 12-month high of $106.50.
The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 12th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, February 9th. Capital One Financial’s dividend payout ratio (DPR) is currently 21.45%.
Capital One Financial announced that its Board of Directors has initiated a share repurchase plan on Tuesday, December 26th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares buyback plans are generally 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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