Zacks Research Brokers Increase Earnings Estimates for DFS

Discover Financial Services (NYSE:DFS) – Stock analysts at Zacks Research raised their Q1 2025 EPS estimates for shares of Discover Financial Services in a report issued on Wednesday, February 5th. Zacks Research analyst D. Chatterjee now forecasts that the financial services provider will earn $3.24 per share for the quarter, up from their previous estimate of $3.08. The consensus estimate for Discover Financial Services’ current full-year earnings is $13.39 per share. Zacks Research also issued estimates for Discover Financial Services’ FY2026 earnings at $15.00 EPS and FY2027 earnings at $17.40 EPS.

DFS has been the subject of a number of other research reports. Truist Financial increased their target price on shares of Discover Financial Services from $233.00 to $262.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. increased their target price on shares of Discover Financial Services from $146.00 to $169.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods increased their target price on shares of Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Royal Bank of Canada increased their target price on shares of Discover Financial Services from $193.00 to $210.00 and gave the stock a “sector perform” rating in a research report on Friday, January 24th. Finally, Wells Fargo & Company increased their target price on shares of Discover Financial Services from $185.00 to $214.00 and gave the stock an “equal weight” rating in a research report on Friday, January 24th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Discover Financial Services has an average rating of “Hold” and a consensus target price of $182.64.

Discover Financial Services Stock Down 1.5 %

Shares of NYSE:DFS opened at $199.73 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. The company has a market cap of $50.19 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 0.64 and a beta of 1.46. Discover Financial Services has a 52 week low of $106.65 and a 52 week high of $205.76. The firm has a 50 day simple moving average of $182.89 and a 200 day simple moving average of $158.54.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $3.13 by $1.98. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%.

Discover Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be paid a $0.70 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.80 dividend on an annualized basis and a yield of 1.40%. Discover Financial Services’s payout ratio is presently 17.54%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp grew its stake in Discover Financial Services by 0.8% in the 3rd quarter. State Street Corp now owns 10,498,044 shares of the financial services provider’s stock valued at $1,472,771,000 after buying an additional 80,601 shares during the last quarter. FMR LLC grew its stake in Discover Financial Services by 8.0% in the 3rd quarter. FMR LLC now owns 7,493,862 shares of the financial services provider’s stock valued at $1,051,314,000 after buying an additional 558,227 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Discover Financial Services in the 4th quarter valued at $351,766,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Discover Financial Services by 0.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,834,705 shares of the financial services provider’s stock valued at $257,391,000 after buying an additional 12,255 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Discover Financial Services by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,738,804 shares of the financial services provider’s stock valued at $301,213,000 after buying an additional 10,528 shares during the last quarter. 86.94% of the stock is currently owned by institutional investors and hedge funds.

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; 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.