Research Analysts Set Expectations for Discover Financial Services’ FY2017 Earnings (DFS)

Discover Financial Services (NYSE:DFS) – Equities research analysts at Oppenheimer lowered their FY2017 EPS estimates for shares of Discover Financial Services in a report released on Tuesday. Oppenheimer analyst B. Chittenden now expects that the financial services provider will post earnings per share of $5.96 for the year, down from their prior forecast of $6.00. Oppenheimer currently has a “Buy” rating and a $71.00 price target on the stock. Oppenheimer also issued estimates for Discover Financial Services’ Q2 2018 earnings at $1.91 EPS, Q3 2018 earnings at $2.00 EPS, Q4 2018 earnings at $2.10 EPS, FY2018 earnings at $7.76 EPS and FY2019 earnings at $7.95 EPS.

A number of other brokerages have also issued reports on DFS. Barclays set a $73.00 target price on shares of Discover Financial Services and gave the stock a “hold” rating in a research report on Wednesday, October 25th. ValuEngine upgraded shares of Discover Financial Services from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research lowered shares of Discover Financial Services from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Compass Point lowered shares of Discover Financial Services from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 25th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $86.00 price target on shares of Discover Financial Services in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eighteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $78.24.

Shares of Discover Financial Services (NYSE DFS) opened at $78.25 on Friday. Discover Financial Services has a 1 year low of $57.50 and a 1 year high of $78.83. The stock has a market cap of $28,430.00, a P/E ratio of 13.47, a P/E/G ratio of 1.84 and a beta of 1.52. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.55.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Tuesday, November 21st. Discover Financial Services’s dividend payout ratio (DPR) is presently 24.10%.

In related news, EVP Kathryn Mcnamara Corley sold 4,000 shares of Discover Financial Services stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $76.81, for a total value of $307,240.00. Following the sale, the executive vice president now directly owns 134,744 shares in the company, valued at approximately $10,349,686.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO R. Mark Graf sold 16,503 shares of Discover Financial Services stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $66.67, for a total transaction of $1,100,255.01. Following the completion of the sale, the chief financial officer now owns 82,402 shares in the company, valued at $5,493,741.34. The disclosure for this sale can be found here. Insiders sold a total of 179,277 shares of company stock valued at $12,673,925 over the last ninety days. Company insiders own 0.96% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in DFS. Atlantic Trust Group LLC raised its position in shares of Discover Financial Services by 1.6% during the 2nd quarter. Atlantic Trust Group LLC now owns 25,591 shares of the financial services provider’s stock worth $1,591,000 after buying an additional 406 shares in the last quarter. IFM Investors Pty Ltd bought a new stake in shares of Discover Financial Services in the 2nd quarter worth approximately $669,000. Rathbone Brothers plc raised its holdings in shares of Discover Financial Services by 26.2% in the 2nd quarter. Rathbone Brothers plc now owns 221,923 shares of the financial services provider’s stock worth $13,801,000 after purchasing an additional 46,111 shares in the last quarter. Tredje AP fonden raised its holdings in shares of Discover Financial Services by 17.5% in the 2nd quarter. Tredje AP fonden now owns 60,265 shares of the financial services provider’s stock worth $3,748,000 after purchasing an additional 8,957 shares in the last quarter. Finally, CIBC World Markets Inc. raised its holdings in shares of Discover Financial Services by 35.7% in the 2nd quarter. CIBC World Markets Inc. now owns 56,769 shares of the financial services provider’s stock worth $3,530,000 after purchasing an additional 14,937 shares in the last quarter. Institutional investors own 84.77% of the company’s stock.

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Discover Financial Services Company Profile

Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.

Earnings History and Estimates for Discover Financial Services (NYSE:DFS)

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