Seaport Res Ptn Research Analysts Reduce Earnings Estimates for Discover Financial Services (NYSE:DFS)

Discover Financial Services (NYSE:DFS) – Equities researchers at Seaport Res Ptn decreased their FY2025 earnings estimates for shares of Discover Financial Services in a research report issued to clients and investors on Friday, April 19th. Seaport Res Ptn analyst W. Ryan now forecasts that the financial services provider will post earnings per share of $14.75 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 issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.98 by ($1.88). The business had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.07 billion. Discover Financial Services had a net margin of 10.56% and a return on equity of 16.74%. During the same quarter last year, the business earned $3.58 EPS.

A number of other analysts also recently weighed in on DFS. Morgan Stanley raised shares of Discover Financial Services from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $105.00 to $133.00 in a research report on Thursday, February 8th. The Goldman Sachs Group decreased their target price on shares of Discover Financial Services from $139.00 to $121.00 and set a “buy” rating for the company in a research report on Friday, January 19th. Piper Sandler increased their target price on shares of Discover Financial Services from $127.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Wolfe Research reissued a “peer perform” rating on shares of Discover Financial Services in a research report on Wednesday, February 21st. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Discover Financial Services from $140.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, January 19th. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $126.29.

Discover Financial Services Stock Up 2.1 %

Shares of NYSE DFS opened at $129.30 on Monday. The company has a 50 day simple moving average of $122.76 and a 200 day simple moving average of $106.72. The firm has a market cap of $32.40 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 0.76 and a beta of 1.45. Discover Financial Services has a 1 year low of $79.04 and a 1 year high of $131.65. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 23rd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Wednesday, May 22nd. Discover Financial Services’s dividend payout ratio is currently 31.93%.

Insider Buying and Selling

In related news, CFO John Greene sold 35,191 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 18,592 shares in the company, valued at approximately $1,980,233.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Discover Financial Services

Several large investors have recently bought and sold shares of the stock. Ballentine Partners LLC lifted its stake in Discover Financial Services by 3.1% during the 1st quarter. Ballentine Partners LLC now owns 2,888 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 86 shares in the last quarter. Wealthspire Advisors LLC lifted its stake in Discover Financial Services by 3.3% during the 4th quarter. Wealthspire Advisors LLC now owns 3,121 shares of the financial services provider’s stock valued at $351,000 after acquiring an additional 99 shares in the last quarter. Eagle Bluffs Wealth Management LLC lifted its stake in Discover Financial Services by 0.8% during the 1st quarter. Eagle Bluffs Wealth Management LLC now owns 14,382 shares of the financial services provider’s stock valued at $1,885,000 after acquiring an additional 108 shares in the last quarter. Simon Quick Advisors LLC lifted its stake in Discover Financial Services by 1.7% during the 4th quarter. Simon Quick Advisors LLC now owns 6,397 shares of the financial services provider’s stock valued at $719,000 after acquiring an additional 109 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in Discover Financial Services by 14.6% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 854 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 109 shares in the last quarter. 86.94% of the stock is currently owned by institutional investors.

About Discover Financial Services

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.