Capital One Financial (NYSE:COF) Releases Quarterly Earnings Results, Misses Expectations By $0.14 EPS

Capital One Financial Co. (NYSE:COF) posted its quarterly earnings data on Tuesday. The financial services provider reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14), Briefing.com reports. The company had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9.57 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.37%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.52 earnings per share.

Capital One Financial Trading Up 2.1 %

Shares of COF stock traded up $3.04 on Thursday, hitting $149.45. 1,049,068 shares of the company’s stock traded hands, compared to its average volume of 2,545,425. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.00 and a current ratio of 1.01. The stock has a market capitalization of $56.82 billion, a price-to-earnings ratio of 11.72, a P/E/G ratio of 1.14 and a beta of 1.45. The company’s fifty day simple moving average is $139.05 and its 200 day simple moving average is $138.59. Capital One Financial Co. has a one year low of $88.23 and a one year high of $153.35.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.61%. Capital One Financial’s payout ratio is 18.79%.

Insider Buying and Selling at Capital One Financial

In other news, insider Timothy P. Golden sold 8,656 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total value of $1,246,810.24. Following the transaction, the insider now owns 10,246 shares in the company, valued at $1,475,833.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Timothy P. Golden sold 8,656 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total value of $1,246,810.24. Following the completion of the sale, the insider now directly owns 10,246 shares of the company’s stock, valued at approximately $1,475,833.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Celia Karam sold 16,913 shares of Capital One Financial stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the sale, the insider now directly owns 47,081 shares in the company, valued at approximately $6,726,933.28. The disclosure for this sale can be found here. Insiders sold a total of 56,311 shares of company stock worth $8,274,640 over the last three months. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on COF. Royal Bank of Canada restated a “sector perform” rating and issued a $150.00 target price on shares of Capital One Financial in a report on Thursday. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and increased their price objective for the stock from $145.00 to $165.00 in a research report on Thursday, June 6th. JPMorgan Chase & Co. boosted their target price on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, July 8th. Bank of America raised their price target on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, BTIG Research assumed coverage on Capital One Financial in a research note on Friday, June 7th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $145.89.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.