Capital One Financial (COF) Issues Earnings Results

Capital One Financial (NYSE:COF) posted its earnings results on Tuesday. The financial services provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.23), Bloomberg Earnings reports. The business had revenue of $7 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Capital One Financial had a net margin of 13.34% and a return on equity of 8.25%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the business posted $1.45 EPS.

Capital One Financial (COF) traded up $0.22 during mid-day trading on Tuesday, reaching $105.71. 2,900,000 shares of the company were exchanged, compared to its average volume of 2,090,000. The firm has a market cap of $51,240.00, a PE ratio of 14.83, a PEG ratio of 1.04 and a beta of 1.28. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 1.17. Capital One Financial has a one year low of $76.05 and a one year high of $106.47.

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

In related news, Director Ann F. Hackett sold 6,361 shares of Capital One Financial stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $102.00, for a total value of $648,822.00. Following the completion of the sale, the director now directly owns 64,372 shares in the company, valued at approximately $6,565,944. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Yajnik Sanjiv sold 10,086 shares of Capital One Financial stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $105.00, for a total transaction of $1,059,030.00. Following the completion of the sale, the insider now owns 71,367 shares of the company’s stock, valued at $7,493,535. The disclosure for this sale can be found here. Insiders sold a total of 445,368 shares of company stock valued at $43,323,743 over the last quarter. 1.73% of the stock is owned by company insiders.

COF has been the topic of a number of research reports. 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 target price on the stock. BMO Capital Markets reissued a “buy” rating and set a $116.00 target price on shares of Capital One Financial in a research report on Friday, October 6th. Zacks Investment Research raised shares of Capital One Financial from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. Wells Fargo & Co initiated coverage on shares of Capital One Financial in a report on Tuesday, October 10th. They issued an “outperform” rating and a $96.00 price target on the stock. Finally, Oppenheimer restated a “hold” rating on shares of Capital One Financial in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $102.14.

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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.

Earnings History for Capital One Financial (NYSE:COF)

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