Discover Financial Services (DFS) Scheduled to Post Earnings on Monday
Discover Financial Services (NYSE:DFS) will post its Q313 quarterly earnings results on Monday, October 21st. Analysts expect Discover Financial Services to post earnings of $1.19 per share and revenue of $2.07 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Discover Financial Services (NYSE:DFS) last announced its earnings results on Tuesday, July 23rd. The company reported $1.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.16 by $0.04. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the company posted $0.99 earnings per share. Discover Financial Services’s revenue was up 8.2% compared to the same quarter last year. On average, analysts expect Discover Financial Services to post $4.93 EPS for the current fiscal year and $5.05 EPS for the next fiscal year.
Shares of Discover Financial Services (NYSE:DFS) opened at 53.72 on Friday. Discover Financial Services has a 52-week low of $37.00 and a 52-week high of $53.77. The stock has a 50-day moving average of $50.63 and a 200-day moving average of $48.24. The company has a market cap of $25.989 billion and a P/E ratio of 11.84.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, November 21st. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Tuesday, November 5th.
DFS has been the subject of a number of recent research reports. Analysts at Deutsche Bank initiated coverage on shares of Discover Financial Services in a research note to investors on Monday. They set a “buy” rating and a $62.00 price target on the stock. On a related note, analysts at Barclays raised their price target on shares of Discover Financial Services from $57.00 to $59.00 in a research note to investors on Friday, October 11th. They now have an “overweight” rating on the stock. Finally, analysts at Citigroup Inc. upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, October 10th. They now have a $56.00 price target on the stock. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $55.86.
Discover Financial Services is a direct banking and payment services company. The Company is a bank holding company and a financial holding company.
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