Capital One Financial Corp. (COF) Expected to Post Earnings of $2.45 Per Share

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Wall Street brokerages expect Capital One Financial Corp. (NYSE:COF) to post earnings per share of $2.45 for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Capital One Financial’s earnings, with estimates ranging from $2.01 to $2.71. Capital One Financial posted earnings per share of $1.66 in the same quarter last year, which indicates a positive year over year growth rate of 47.6%. The business is expected to issue its next quarterly earnings report on Tuesday, January 22nd.

According to Zacks, analysts expect that Capital One Financial will report full year earnings of $11.78 per share for the current financial year, with EPS estimates ranging from $11.35 to $12.01. For the next financial year, analysts forecast that the business will report earnings of $11.35 per share, with EPS estimates ranging from $9.88 to $12.35. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Capital One Financial.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $3.12 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.88 billion. During the same period in the previous year, the firm posted $2.42 EPS. The business’s revenue for the quarter was down .3% compared to the same quarter last year.

A number of analysts have recently commented on COF shares. BMO Capital Markets boosted their price target on Capital One Financial from $135.00 to $146.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 24th. Sandler O’Neill boosted their price target on Capital One Financial from $113.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, October 24th. ValuEngine cut Capital One Financial from a “hold” rating to a “sell” rating in a research report on Monday, October 22nd. Oppenheimer set a $116.00 price target on Capital One Financial and gave the stock a “buy” rating in a research report on Tuesday, September 18th. Finally, Barclays reissued a “buy” rating on shares of Capital One Financial in a research report on Monday, October 29th. One equities 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. Capital One Financial presently has an average rating of “Buy” and an average price target of $109.14.

Shares of COF opened at $82.67 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. Capital One Financial has a 52 week low of $81.85 and a 52 week high of $106.50. The company has a market capitalization of $40.08 billion, a PE ratio of 10.61, a P/E/G ratio of 0.68 and a beta of 1.26.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 23rd. Investors of record on Monday, November 12th were given a $0.40 dividend. The ex-dividend date was Thursday, November 8th. This represents a $1.60 annualized dividend and a yield of 1.94%. Capital One Financial’s dividend payout ratio (DPR) is presently 20.54%.

A number of hedge funds have recently added to or reduced their stakes in COF. Capital International Investors bought a new position in Capital One Financial in the 3rd quarter valued at approximately $259,357,000. Panagora Asset Management Inc. lifted its position in Capital One Financial by 81.0% in the 3rd quarter. Panagora Asset Management Inc. now owns 2,266,047 shares of the financial services provider’s stock valued at $215,116,000 after acquiring an additional 1,014,394 shares in the last quarter. Rehmann Capital Advisory Group lifted its position in Capital One Financial by 9,386.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 879,848 shares of the financial services provider’s stock valued at $9,268,000 after acquiring an additional 870,573 shares in the last quarter. Renaissance Technologies LLC lifted its position in Capital One Financial by 422.8% in the 3rd quarter. Renaissance Technologies LLC now owns 1,051,399 shares of the financial services provider’s stock valued at $99,809,000 after acquiring an additional 850,300 shares in the last quarter. Finally, Epoch Investment Partners Inc. purchased a new stake in Capital One Financial during the 2nd quarter valued at $75,707,000. 88.35% of the stock is currently owned by institutional investors and hedge funds.

About Capital One Financial

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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