Equities research analysts expect Capital One Financial Corp. (NYSE:COF) to announce $7.01 billion in sales for the current quarter, Zacks reports. Seven analysts have made estimates for Capital One Financial’s earnings, with estimates ranging from $6.88 billion to $7.13 billion. Capital One Financial reported sales of $7.19 billion during the same quarter last year, which would suggest a negative year over year growth rate of 2.5%. The company is expected to issue its next earnings report on Thursday, July 18th.
According to Zacks, analysts expect that Capital One Financial will report full-year sales of $28.94 billion for the current financial year, with estimates ranging from $28.55 billion to $29.31 billion. For the next year, analysts expect that the company will post sales of $30.58 billion, with estimates ranging from $29.22 billion to $31.26 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Capital One Financial.
Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $2.90 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.22. Capital One Financial had a net margin of 18.47% and a return on equity of 10.95%. The firm had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.03 billion. During the same period in the previous year, the company posted $2.62 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year.
A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $98.00 target price on shares of Capital One Financial in a research note on Friday, May 3rd. Zacks Investment Research lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and lifted their target price for the company from $95.00 to $115.00 in a research note on Tuesday, May 14th. ValuEngine raised shares of Capital One Financial from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Finally, Credit Suisse Group decreased their target price on shares of Capital One Financial from $109.00 to $102.00 and set a “positive” rating for the company in a research note on Wednesday, January 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $104.35.
In other Capital One Financial news, insider Kleber Santos sold 2,928 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $84.54, for a total transaction of $247,533.12. Following the completion of the transaction, the insider now owns 19,454 shares of the company’s stock, valued at approximately $1,644,641.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.43% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in COF. Vista Investment Management increased its holdings in shares of Capital One Financial by 1.2% during the 1st quarter. Vista Investment Management now owns 9,509 shares of the financial services provider’s stock worth $777,000 after purchasing an additional 116 shares during the period. Cerebellum GP LLC increased its holdings in shares of Capital One Financial by 6.8% during the 4th quarter. Cerebellum GP LLC now owns 2,037 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 130 shares during the period. Van ECK Associates Corp increased its holdings in shares of Capital One Financial by 2.0% during the 4th quarter. Van ECK Associates Corp now owns 6,868 shares of the financial services provider’s stock worth $519,000 after purchasing an additional 132 shares during the period. Tufton Capital Management increased its holdings in shares of Capital One Financial by 0.8% during the 1st quarter. Tufton Capital Management now owns 17,607 shares of the financial services provider’s stock worth $1,438,000 after purchasing an additional 136 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its holdings in shares of Capital One Financial by 3.3% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 4,381 shares of the financial services provider’s stock worth $358,000 after purchasing an additional 138 shares during the period. 89.20% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:COF traded up $0.82 during trading on Thursday, reaching $92.20. 1,523,004 shares of the company traded hands, compared to its average volume of 2,493,836. The firm has a market capitalization of $43.25 billion, a P/E ratio of 8.47, a price-to-earnings-growth ratio of 0.91 and a beta of 1.30. Capital One Financial has a 1-year low of $69.90 and a 1-year high of $101.26. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.94.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Monday, May 13th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Friday, May 10th. Capital One Financial’s dividend payout ratio is 14.71%.
Capital One Financial Company Profile
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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