Analysts expect Capital One Financial Corporation (NYSE:COF) to post $6.82 billion in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Capital One Financial Corporation’s earnings, with the lowest sales estimate coming in at $6.73 billion and the highest estimate coming in at $7.03 billion. Capital One Financial Corporation posted sales of $6.46 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 5.6%. The company is expected to announce its next quarterly earnings results on Tuesday, October 24th.

On average, analysts expect that Capital One Financial Corporation will report full year sales of $6.82 billion for the current financial year, with estimates ranging from $26.85 billion to $27.47 billion. For the next year, analysts anticipate that the firm will post sales of $28.49 billion per share, with estimates ranging from $28.07 billion to $29.12 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Capital One Financial Corporation.

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

Several research firms have weighed in on COF. Morgan Stanley downgraded shares of Capital One Financial Corporation from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $97.00 to $83.00 in a research note on Friday, September 8th. Robert W. Baird reissued a “hold” rating and issued a $84.00 price target on shares of Capital One Financial Corporation in a research note on Tuesday, September 5th. Keefe, Bruyette & Woods set a $106.00 price target on shares of Capital One Financial Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 15th. BidaskClub downgraded shares of Capital One Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Finally, Compass Point began coverage on shares of Capital One Financial Corporation in a research note on Thursday, August 10th. They issued a “neutral” rating and a $90.00 price target for the company. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Capital One Financial Corporation presently has a consensus rating of “Hold” and a consensus target price of $92.19.

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Shares of Capital One Financial Corporation (NYSE COF) opened at 78.70 on Friday. The company has a 50-day moving average price of $82.10 and a 200-day moving average price of $83.15. The firm has a market capitalization of $38.09 billion, a P/E ratio of 11.48 and a beta of 1.22. Capital One Financial Corporation has a 12-month low of $69.49 and a 12-month high of $96.92.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 7th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.60 annualized dividend and a yield of 2.03%. Capital One Financial Corporation’s payout ratio is presently 23.43%.

Capital One Financial Corporation announced that its Board of Directors has initiated a share buyback program on Wednesday, June 28th that permits the company to repurchase $1.85 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

In other news, CEO Richard D. Fairbank sold 367,419 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $87.02, for a total value of $31,972,801.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.73% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in shares of Capital One Financial Corporation by 10.4% in the first quarter. Bank of New York Mellon Corp now owns 6,411,412 shares of the financial services provider’s stock worth $555,613,000 after purchasing an additional 605,038 shares in the last quarter. Toronto Dominion Bank grew its stake in Capital One Financial Corporation by 53.0% during the first quarter. Toronto Dominion Bank now owns 133,437 shares of the financial services provider’s stock valued at $11,562,000 after acquiring an additional 46,227 shares in the last quarter. Sky Investment Group LLC grew its stake in Capital One Financial Corporation by 9.4% during the second quarter. Sky Investment Group LLC now owns 3,380 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 290 shares in the last quarter. Bank of The Ozarks grew its stake in Capital One Financial Corporation by 14.0% during the first quarter. Bank of The Ozarks now owns 9,160 shares of the financial services provider’s stock valued at $794,000 after acquiring an additional 1,125 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Capital One Financial Corporation by 29.0% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 35,653 shares of the financial services provider’s stock valued at $3,090,000 after acquiring an additional 8,005 shares in the last quarter. 88.05% of the stock is owned by hedge funds and other institutional investors.

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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