Discover Financial Services (DFS) Projected to Post Quarterly Earnings on Wednesday

Discover Financial Services (NYSE:DFS) is projected to announce its earnings results after the market closes on Wednesday, January 22nd. Analysts expect the company to announce earnings of $3.13 per share and revenue of $4,401,991.72 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Discover Financial Services Price Performance

Shares of DFS opened at $187.17 on Monday. The stock has a market cap of $47.04 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 0.99 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.10. Discover Financial Services has a fifty-two week low of $96.46 and a fifty-two week high of $189.27. The firm’s 50-day simple moving average is $176.94 and its two-hundred day simple moving average is $152.41.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DFS shares. StockNews.com upgraded shares of Discover Financial Services from a “hold” rating to a “buy” rating in a report on Thursday. Wells Fargo & Company upped their price objective on shares of Discover Financial Services from $160.00 to $185.00 and gave the stock an “equal weight” rating in a report on Friday, January 3rd. Truist Financial assumed coverage on shares of Discover Financial Services in a report on Tuesday, January 7th. They set a “buy” rating and a $233.00 price target on the stock. Royal Bank of Canada increased their price target on shares of Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Discover Financial Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.71.

Discover Financial Services Company Profile

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; 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.