Capital One Financial Corp. (COF) Expected to Announce Quarterly Sales of $7.11 Billion

Analysts predict that Capital One Financial Corp. (NYSE:COF) will announce $7.11 billion in sales for the current quarter, according to Zacks. Seven analysts have provided estimates for Capital One Financial’s earnings. The lowest sales estimate is $6.80 billion and the highest is $7.38 billion. Capital One Financial reported sales of $6.57 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.2%. The firm is scheduled to report its next quarterly earnings results after the market closes on Tuesday, January 23rd.

According to Zacks, analysts expect that Capital One Financial will report full year sales of $7.11 billion for the current year, with estimates ranging from $27.04 billion to $27.61 billion. For the next year, analysts forecast that the company will post sales of $28.93 billion per share, with estimates ranging from $28.35 billion to $29.59 billion. Zacks’ sales calculations are an average based on a survey of research analysts that follow Capital One Financial.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $2.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.15 by $0.27. Capital One Financial had a net margin of 13.34% and a return on equity of 8.25%. The firm had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same quarter in the prior year, the firm earned $2.03 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year.

Several equities research analysts have recently commented on COF shares. BMO Capital Markets reaffirmed a “buy” rating and set a $116.00 price target on shares of Capital One Financial in a research report on Friday, October 6th. Buckingham Research initiated coverage on shares of Capital One Financial in a research report on Monday, October 2nd. They set a “buy” rating and a $99.00 price target for the company. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $106.00 target price on shares of Capital One Financial in a report on Friday, September 15th. Zacks Investment Research raised shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a report on Friday, October 27th. Finally, Bank of America raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a report on Monday, December 18th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $100.95.

Shares of Capital One Financial (COF) opened at $99.44 on Thursday. Capital One Financial has a 52-week low of $76.05 and a 52-week high of $101.43. The company has a market cap of $48,285.37, a PE ratio of 14.07, a PEG ratio of 1.39 and a beta of 1.28. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.06 and a current ratio of 1.07.

Capital One Financial declared that its board has approved a share repurchase plan on Tuesday, December 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

In other news, Director Ann F. Hackett sold 7,000 shares of Capital One Financial stock in a transaction on Monday, December 18th. The stock was sold at an average price of $98.00, for a total transaction of $686,000.00. Following the completion of the sale, the director now directly owns 65,011 shares in the company, valued at $6,371,078. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Yajnik Sanjiv sold 156,278 shares of Capital One Financial stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $100.00, for a total value of $15,627,800.00. Following the sale, the insider now owns 199,216 shares of the company’s stock, valued at $19,921,600. The disclosure for this sale can be found here. Insiders have sold a total of 378,192 shares of company stock valued at $36,581,362 over the last quarter. Corporate insiders own 1.73% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. South State Corp lifted its position in shares of Capital One Financial by 9.2% during the second quarter. South State Corp now owns 65,457 shares of the financial services provider’s stock worth $5,408,000 after purchasing an additional 5,510 shares during the last quarter. Bank of Nova Scotia lifted its position in shares of Capital One Financial by 70.8% during the second quarter. Bank of Nova Scotia now owns 187,907 shares of the financial services provider’s stock worth $15,525,000 after purchasing an additional 77,861 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Capital One Financial during the third quarter worth $1,635,000. Norinchukin Bank The lifted its position in shares of Capital One Financial by 9.5% during the third quarter. Norinchukin Bank The now owns 43,270 shares of the financial services provider’s stock worth $3,663,000 after purchasing an additional 3,743 shares during the last quarter. Finally, CNA Financial Corp increased its stake in shares of Capital One Financial by 20.6% during the second quarter. CNA Financial Corp now owns 31,827 shares of the financial services provider’s stock valued at $2,630,000 after buying an additional 5,427 shares during the period. Institutional investors and hedge funds own 88.33% of the company’s stock.

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

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