Capital One Financial Corp. (COF) Forecasted to Earn Q3 2018 Earnings of $2.93 Per Share

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Capital One Financial Corp. (NYSE:COF) – Equities research analysts at Oppenheimer dropped their Q3 2018 EPS estimates for Capital One Financial in a research report issued on Tuesday, October 16th, Zacks Investment Research reports. Oppenheimer analyst D. Gabriele now expects that the financial services provider will post earnings per share of $2.93 for the quarter, down from their previous forecast of $3.12. Oppenheimer currently has a “Buy” rating and a $101.00 price target on the stock. Oppenheimer also issued estimates for Capital One Financial’s Q4 2018 earnings at $2.31 EPS and FY2019 earnings at $11.50 EPS.

Other equities analysts have also issued reports about the company. Nomura decreased their price objective on Capital One Financial from $109.00 to $98.00 and set a “neutral” rating for the company in a research report on Wednesday, October 24th. Zacks Investment Research upgraded Capital One Financial from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research report on Tuesday, July 24th. JPMorgan Chase & Co. decreased their price objective on Capital One Financial from $113.00 to $107.00 and set an “overweight” rating for the company in a research report on Wednesday, October 24th. Citigroup decreased their price objective on Capital One Financial from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, November 1st. Finally, Morgan Stanley boosted their price objective on Capital One Financial from $104.00 to $109.00 and gave the company an “equal weight” rating in a research report on Friday, July 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $109.33.

Shares of COF traded down $0.46 on Thursday, hitting $90.40. The company’s stock had a trading volume of 1,755,389 shares, compared to its average volume of 3,395,732. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 0.99. Capital One Financial has a fifty-two week low of $84.94 and a fifty-two week high of $106.50. The firm has a market capitalization of $42.88 billion, a PE ratio of 11.60, a P/E/G ratio of 0.73 and a beta of 1.27.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, October 23rd. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.89 by $0.23. Capital One Financial had a return on equity of 11.01% and a net margin of 11.84%. The company had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.88 billion. During the same period in the previous year, the company earned $2.42 EPS. The company’s revenue for the quarter was down .3% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 23rd. Shareholders of record on Monday, November 12th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.77%. The ex-dividend date is Thursday, November 8th. Capital One Financial’s payout ratio is 20.54%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pzena Investment Management LLC raised its stake in shares of Capital One Financial by 0.3% during the 3rd quarter. Pzena Investment Management LLC now owns 5,454,942 shares of the financial services provider’s stock worth $517,838,000 after purchasing an additional 17,385 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Capital One Financial by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,392,882 shares of the financial services provider’s stock worth $403,735,000 after purchasing an additional 46,261 shares in the last quarter. Newport Trust Co raised its stake in shares of Capital One Financial by 1.8% during the 2nd quarter. Newport Trust Co now owns 3,310,335 shares of the financial services provider’s stock worth $304,220,000 after purchasing an additional 58,408 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Capital One Financial by 10.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,676,875 shares of the financial services provider’s stock worth $246,005,000 after purchasing an additional 250,411 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Capital One Financial by 15.1% during the 3rd quarter. Bank of Montreal Can now owns 2,034,276 shares of the financial services provider’s stock worth $193,115,000 after purchasing an additional 267,426 shares in the last quarter. Hedge funds and other institutional investors own 88.50% of the company’s stock.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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Earnings History and Estimates for Capital One Financial (NYSE:COF)

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