Analysts forecast that Capital One Financial Corporation (NYSE:COF) will announce earnings per share (EPS) of $2.19 for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Capital One Financial Corporation’s earnings, with estimates ranging from $2.12 to $2.25. Capital One Financial Corporation posted earnings of $2.03 per share during the same quarter last year, which suggests a positive year over year growth rate of 7.9%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, October 24th.

According to Zacks, analysts expect that Capital One Financial Corporation will report full year earnings of $7.72 per share for the current financial year, with EPS estimates ranging from $7.55 to $7.85. For the next financial year, analysts forecast that the firm will post earnings of $8.41 per share, with EPS estimates ranging from $7.75 to $8.78. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Capital One Financial Corporation.

Capital One Financial Corporation (NYSE:COF) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.06. The business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Capital One Financial Corporation had a return on equity of 7.92% and a net margin of 13.32%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $1.76 EPS.

A number of analysts recently issued reports on the company. Zacks Investment Research upgraded Capital One Financial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub lowered Capital One Financial Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Oppenheimer Holdings, Inc. upgraded Capital One Financial Corporation from an “underperform” rating to a “market perform” rating and set a $82.00 price target for the company in a report on Friday, July 21st. Barclays PLC reiterated an “overweight” rating and issued a $105.00 price target on shares of Capital One Financial Corporation in a report on Saturday, July 22nd. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $103.00 price target on shares of Capital One Financial Corporation in a report on Tuesday, June 20th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $92.90.

In related news, CEO Richard D. Fairbank sold 367,419 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $87.02, for a total value of $31,972,801.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.73% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Intrust Bank NA increased its position in Capital One Financial Corporation by 3.9% in the second quarter. Intrust Bank NA now owns 14,071 shares of the financial services provider’s stock valued at $1,163,000 after buying an additional 534 shares during the last quarter. Parallel Advisors LLC increased its position in Capital One Financial Corporation by 5.2% in the second quarter. Parallel Advisors LLC now owns 3,609 shares of the financial services provider’s stock valued at $311,000 after buying an additional 179 shares during the last quarter. Zweig DiMenna Associates LLC increased its position in Capital One Financial Corporation by 808.9% in the second quarter. Zweig DiMenna Associates LLC now owns 24,541 shares of the financial services provider’s stock valued at $2,028,000 after buying an additional 21,841 shares during the last quarter. Point View Wealth Management Inc. increased its position in Capital One Financial Corporation by 20.2% in the second quarter. Point View Wealth Management Inc. now owns 2,879 shares of the financial services provider’s stock valued at $238,000 after buying an additional 483 shares during the last quarter. Finally, Aviva PLC increased its position in Capital One Financial Corporation by 1.1% in the second quarter. Aviva PLC now owns 302,425 shares of the financial services provider’s stock valued at $24,992,000 after buying an additional 3,250 shares during the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Corporation (NYSE:COF) opened at 85.15 on Tuesday. Capital One Financial Corporation has a 1-year low of $66.61 and a 1-year high of $96.92. The stock has a market cap of $41.21 billion, a PE ratio of 12.42 and a beta of 1.20. The stock has a 50 day moving average price of $82.67 and a 200-day moving average price of $84.69.

Capital One Financial Corporation declared that its board has initiated a stock repurchase plan on Wednesday, June 28th that permits the company to repurchase $1.85 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 4.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, August 7th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, August 3rd. Capital One Financial Corporation’s payout ratio is 23.43%.

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Capital One Financial Corporation 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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Earnings History and Estimates for Capital One Financial Corporation (NYSE:COF)

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