FY2025 EPS Estimates for Discover Financial Services Reduced by Seaport Res Ptn (NYSE:DFS)

Discover Financial Services (NYSE:DFS) – Investment analysts at Seaport Res Ptn dropped their FY2025 earnings estimates for shares of Discover Financial Services in a report released on Friday, April 19th. Seaport Res Ptn analyst W. Ryan now expects that the financial services provider will earn $14.75 per share for the year, down from their prior forecast of $14.95. Seaport Res Ptn has a “Neutral” rating on the stock. The consensus estimate for Discover Financial Services’ current full-year earnings is $11.34 per share.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.98 by ($1.88). Discover Financial Services had a return on equity of 16.74% and a net margin of 10.56%. The firm had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.07 billion. During the same quarter in the prior year, the business posted $3.58 earnings per share.

DFS has been the topic of a number of other research reports. Wells Fargo & Company increased their price objective on Discover Financial Services from $105.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 10th. The Goldman Sachs Group reduced their price objective on shares of Discover Financial Services from $139.00 to $121.00 and set a “buy” rating for the company in a research note on Friday, January 19th. Morgan Stanley raised shares of Discover Financial Services from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $105.00 to $133.00 in a research report on Thursday, February 8th. StockNews.com assumed coverage on Discover Financial Services in a research report on Thursday. They issued a “hold” rating for the company. Finally, Evercore ISI raised their price objective on Discover Financial Services from $117.00 to $140.00 and gave the company an “in-line” rating in a research note on Thursday, February 22nd. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $126.29.

Discover Financial Services Stock Up 0.9 %

DFS opened at $125.35 on Monday. The company has a market capitalization of $31.41 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 0.88 and a beta of 1.45. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.05 and a quick ratio of 1.13. Discover Financial Services has a fifty-two week low of $79.04 and a fifty-two week high of $131.65. The business has a 50-day moving average of $122.02 and a 200-day moving average of $106.16.

Discover Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Wednesday, May 22nd. Discover Financial Services’s dividend payout ratio is currently 31.93%.

Insider Activity at Discover Financial Services

In other Discover Financial Services news, CFO John Greene sold 35,191 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $106.51, for a total value of $3,748,193.41. Following the completion of the sale, the chief financial officer now owns 18,592 shares in the company, valued at approximately $1,980,233.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.69% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Discover Financial Services

A number of institutional investors have recently added to or reduced their stakes in DFS. Flputnam Investment Management Co. increased its position in shares of Discover Financial Services by 7.9% during the 3rd quarter. Flputnam Investment Management Co. now owns 2,646 shares of the financial services provider’s stock worth $229,000 after purchasing an additional 193 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in shares of Discover Financial Services by 335.4% during the fourth quarter. DAVENPORT & Co LLC now owns 63,796 shares of the financial services provider’s stock worth $7,171,000 after buying an additional 49,145 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Discover Financial Services by 1.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 916,367 shares of the financial services provider’s stock valued at $103,000,000 after purchasing an additional 16,532 shares during the last quarter. Vest Financial LLC lifted its position in Discover Financial Services by 18.8% during the 4th quarter. Vest Financial LLC now owns 121,753 shares of the financial services provider’s stock worth $13,685,000 after buying an additional 19,283 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of Discover Financial Services by 27.1% during the fourth quarter. Raymond James & Associates now owns 339,717 shares of the financial services provider’s stock worth $38,184,000 after purchasing an additional 72,452 shares in the last quarter. 86.94% of the stock is owned by institutional investors and hedge funds.

Discover Financial Services Company Profile

Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; private student loans, personal loans, home loans, and other consumer lending; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checking accounts, and sweep accounts.