Capital One Financial (COF) Set to Announce Earnings on Thursday

Capital One Financial (NYSE:COF) is scheduled to post its quarterly earnings results after the market closes on Thursday, October 24th. Analysts expect Capital One Financial to post earnings of $3.66 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.14). Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The company had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter last year, the business posted $3.52 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts expect Capital One Financial to post $13 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Capital One Financial Trading Up 0.9 %

COF opened at $158.09 on Thursday. Capital One Financial has a 52 week low of $88.23 and a 52 week high of $159.78. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. The business has a fifty day simple moving average of $144.77 and a 200-day simple moving average of $142.21. The firm has a market cap of $60.11 billion, a P/E ratio of 12.38, a P/E/G ratio of 1.22 and a beta of 1.44.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Monday, August 12th. Capital One Financial’s payout ratio is 18.79%.

Insider Activity

In related news, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the sale, the chief executive officer now owns 40,934 shares in the company, valued at $5,438,491.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Bank of America increased their price target on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Citigroup initiated coverage on shares of Capital One Financial in a report on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective on the stock. Barclays boosted their target price on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Evercore ISI cut their price target on Capital One Financial from $166.00 to $163.00 and set an “in-line” rating on the stock in a research note on Monday, October 7th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 price objective on shares of Capital One Financial in a research report on Thursday, July 25th. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $151.56.

About Capital One Financial

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.