$2.26 Earnings Per Share Expected for Capital One Financial Corp. (COF) This Quarter

Equities analysts expect that Capital One Financial Corp. (NYSE:COF) will report earnings of $2.26 per share for the current quarter, Zacks reports. Seven analysts have made estimates for Capital One Financial’s earnings, with estimates ranging from $2.00 to $2.42. Capital One Financial reported earnings of $1.75 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 29.1%. The firm is expected to report its next quarterly earnings report on Tuesday, April 24th.

On average, analysts expect that Capital One Financial will report full year earnings of $9.72 per share for the current fiscal year, with EPS estimates ranging from $9.15 to $10.60. For the next fiscal year, analysts forecast that the business will post earnings of $10.56 per share, with EPS estimates ranging from $10.02 to $11.14. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that cover Capital One Financial.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, January 23rd. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.85 by ($0.23). Capital One Financial had a return on equity of 8.36% and a net margin of 6.89%. The firm had revenue of $7 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the prior year, the company earned $1.45 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year.

COF has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $111.00 target price on the stock in a research note on Thursday, January 4th. Barclays raised their price objective on shares of Capital One Financial from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Wells Fargo & Co restated an “outperform” rating and set a $112.00 price objective (up previously from $102.00) on shares of Capital One Financial in a research report on Tuesday, January 9th. BMO Capital Markets restated a “buy” rating and set a $116.00 price objective on shares of Capital One Financial in a research report on Friday, October 6th. Finally, Compass Point upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and raised their price objective for the company from $99.52 to $122.00 in a research report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $106.14.

Capital One Financial (NYSE COF) traded down $3.15 during midday trading on Friday, reaching $101.57. 1,826,633 shares of the company’s stock traded hands, compared to its average volume of 2,190,000. Capital One Financial has a fifty-two week low of $76.05 and a fifty-two week high of $106.50. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The stock has a market cap of $49,240.00, a PE ratio of 26.94, a PEG ratio of 0.95 and a beta of 1.33.

Capital One Financial declared that its board has approved a stock buyback plan on Tuesday, December 26th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 12th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Friday, February 9th. Capital One Financial’s dividend payout ratio is currently 42.44%.

In related news, CEO Richard D. Fairbank sold 485,202 shares of the stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $105.09, for a total transaction of $50,989,878.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert M. Alexander sold 76,354 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $94.84, for a total transaction of $7,241,413.36. Following the transaction, the insider now directly owns 89,603 shares in the company, valued at approximately $8,497,948.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 954,948 shares of company stock worth $97,433,019. 1.73% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. BB&T Investment Services Inc. bought a new stake in Capital One Financial in the 2nd quarter worth $108,000. Cerebellum GP LLC bought a new stake in Capital One Financial in the 4th quarter worth $127,000. Archford Capital Strategies LLC grew its holdings in Capital One Financial by 8,078.3% in the 2nd quarter. Archford Capital Strategies LLC now owns 4,907 shares of the financial services provider’s stock worth $140,000 after acquiring an additional 4,847 shares during the last quarter. SeaCrest Wealth Management LLC bought a new stake in Capital One Financial in the 4th quarter worth $141,000. Finally, Westside Investment Management Inc. grew its holdings in Capital One Financial by 48.0% in the 2nd quarter. Westside Investment Management Inc. now owns 1,745 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 566 shares during the last quarter. 88.75% of the stock is currently owned by institutional investors.

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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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