$7.12 Billion in Sales Expected for Capital One Financial Corp. (COF) This Quarter

Analysts forecast that Capital One Financial Corp. (NYSE:COF) will announce $7.12 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Capital One Financial’s earnings, with the lowest sales estimate coming in at $6.82 billion and the highest estimate coming in at $7.38 billion. Capital One Financial posted sales of $6.57 billion during the same quarter last year, which would indicate a positive year over year growth rate of 8.4%. The business is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, January 23rd.

According to Zacks, analysts expect that Capital One Financial will report full year sales of $7.12 billion for the current fiscal 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 $28.95 billion per share, with estimates ranging from $28.41 billion to $29.32 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Capital One Financial.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.27. The company had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.81 billion. Capital One Financial had a return on equity of 8.25% and a net margin of 13.34%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.03 earnings per share.

COF has been the subject of a number of recent research reports. Piper Jaffray Companies upgraded Capital One Financial from an “underweight” rating to a “neutral” rating and set a $81.00 target price for the company in a research report on Monday, December 18th. Bank of America upgraded Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a research report on Monday, December 18th. Zacks Investment Research upgraded Capital One Financial from a “hold” rating to a “buy” rating and set a $111.00 target price for the company in a research report on Thursday, January 4th. Robert W. Baird restated a “hold” rating and set a $106.00 target price on shares of Capital One Financial in a research report on Wednesday, January 3rd. Finally, Credit Suisse Group restated a “hold” rating and set a $92.00 target price on shares of Capital One Financial in a research report on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $102.14.

In related news, Director Bradford H. Warner sold 3,000 shares of Capital One Financial stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $99.46, for a total transaction of $298,380.00. Following the completion of the sale, the director now directly owns 53,085 shares of the company’s stock, valued at $5,279,834.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Yajnik Sanjiv sold 10,086 shares of Capital One Financial stock in a transaction on Friday, January 12th. The stock was sold at an average price of $105.00, for a total value of $1,059,030.00. Following the sale, the insider now directly owns 71,367 shares of the company’s stock, valued at $7,493,535. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 445,368 shares of company stock valued at $43,323,743. 1.73% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Capital World Investors grew its stake in Capital One Financial by 2.3% in the second quarter. Capital World Investors now owns 38,396,005 shares of the financial services provider’s stock valued at $3,172,278,000 after acquiring an additional 849,047 shares during the period. Davis Selected Advisers grew its stake in Capital One Financial by 43.7% in the third quarter. Davis Selected Advisers now owns 11,581,237 shares of the financial services provider’s stock valued at $980,149,000 after acquiring an additional 3,519,332 shares during the period. Harris Associates L P grew its stake in Capital One Financial by 7.9% in the second quarter. Harris Associates L P now owns 8,063,205 shares of the financial services provider’s stock valued at $666,182,000 after acquiring an additional 588,664 shares during the period. Hotchkis & Wiley Capital Management LLC grew its stake in Capital One Financial by 5.7% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 6,317,935 shares of the financial services provider’s stock valued at $534,876,000 after acquiring an additional 338,678 shares during the period. Finally, Pzena Investment Management LLC grew its stake in Capital One Financial by 13.5% in the third quarter. Pzena Investment Management LLC now owns 4,588,908 shares of the financial services provider’s stock valued at $388,497,000 after acquiring an additional 547,262 shares during the period. 88.33% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial (NYSE COF) traded down $0.98 during mid-day trading on Friday, hitting $103.41. The stock had a trading volume of 2,638,300 shares, compared to its average volume of 2,234,975. The company has a market capitalization of $49,960.00, a P/E ratio of 14.50, a P/E/G ratio of 1.36 and a beta of 1.28. Capital One Financial has a 12 month low of $76.05 and a 12 month high of $106.47. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 1.17.

Capital One Financial announced that its Board of Directors has approved a share repurchase program on Tuesday, December 26th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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About Capital One Financial

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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