Discover Financial Services (NYSE:DFS) announced its quarterly earnings data on Wednesday. The financial services provider reported $6.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.06 by $3.00, Briefing.com reports. Discover Financial Services had a return on equity of 21.49% and a net margin of 12.88%. The business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period in the prior year, the company earned $3.54 earnings per share. The company’s revenue was up 17.0% on a year-over-year basis.
Discover Financial Services Trading Up 1.0 %
DFS stock opened at $142.89 on Friday. The business’s 50-day moving average is $127.03 and its 200 day moving average is $121.06. Discover Financial Services has a 12-month low of $79.04 and a 12-month high of $147.61. The stock has a market cap of $35.83 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 0.85 and a beta of 1.44. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.50.
Discover Financial Services Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 22nd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, August 22nd. Discover Financial Services’s dividend payout ratio is presently 31.93%.
Wall Street Analyst Weigh In
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.
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