Equities Analysts Lower Earnings Estimates for Capital One Financial Corp. (NYSE:COF)

Equities Analysts Lower Earnings Estimates for Capital One Financial Corp. (NYSE:COF)

Capital One Financial Corp. (NYSE:COF) – Jefferies Financial Group cut their Q4 2019 earnings per share (EPS) estimates for shares of Capital One Financial in a research note issued to investors on Thursday, July 18th, Zacks Investment Research reports. Jefferies Financial Group analyst J. Hecht now forecasts that the financial services provider will post earnings per share of $2.34 for the quarter, down from their previous estimate of $2.47. Jefferies Financial Group currently has a “Buy” rating and a $115.00 target price on the stock. Jefferies Financial Group also issued estimates for Capital One Financial’s FY2021 earnings at $13.43 EPS.

Other equities research analysts also recently issued reports about the company. Piper Jaffray Companies set a $111.00 price objective on Capital One Financial and gave the stock a “buy” rating in a research note on Friday, July 19th. Royal Bank of Canada reissued a “sector perform” rating and issued a $98.00 price objective on shares of Capital One Financial in a research note on Friday, May 3rd. ValuEngine downgraded Capital One Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded Capital One Financial from a “buy” rating to a “hold” rating and set a $103.00 price objective for the company. in a research note on Thursday, July 25th. Finally, Deutsche Bank reissued a “hold” rating and issued a $98.00 price objective on shares of Capital One Financial in a research note on Monday, July 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $105.58.

NYSE:COF opened at $86.62 on Monday. The company has a fifty day moving average of $91.65. The firm has a market cap of $41.32 billion, a price-to-earnings ratio of 7.96, a price-to-earnings-growth ratio of 0.98 and a beta of 1.24. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.00 and a quick ratio of 1.00. Capital One Financial has a 1-year low of $69.90 and a 1-year high of $101.26.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, July 18th. The financial services provider reported $3.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.53. Capital One Financial had a return on equity of 10.68% and a net margin of 17.50%. The business had revenue of $7.12 billion during the quarter, compared to analyst estimates of $7.01 billion. During the same quarter last year, the company posted $3.71 EPS. Capital One Financial’s revenue for the quarter was down .9% on a year-over-year basis.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, August 5th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, August 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.85%. Capital One Financial’s dividend payout ratio (DPR) is presently 14.71%.

In other Capital One Financial news, insider Michael J. Wassmer sold 8,212 shares of Capital One Financial stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $95.03, for a total value of $780,386.36. Following the completion of the transaction, the insider now owns 84,679 shares in the company, valued at approximately $8,047,045.37. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bradford H. Warner sold 4,000 shares of Capital One Financial stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $85.98, for a total value of $343,920.00. Following the completion of the transaction, the director now owns 57,930 shares of the company’s stock, valued at approximately $4,980,821.40. The disclosure for this sale can be found here. Insiders have sold a total of 55,149 shares of company stock valued at $5,053,283 in the last 90 days. 1.43% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Westpac Banking Corp increased its position in Capital One Financial by 3.0% in the first quarter. Westpac Banking Corp now owns 83,699 shares of the financial services provider’s stock worth $6,837,000 after buying an additional 2,437 shares during the period. Culbertson A N & Co. Inc. boosted its position in Capital One Financial by 15.1% during the 1st quarter. Culbertson A N & Co. Inc. now owns 11,782 shares of the financial services provider’s stock worth $962,000 after acquiring an additional 1,545 shares during the period. GYL Financial Synergies LLC acquired a new stake in Capital One Financial during the 1st quarter worth about $219,000. Quantitative Systematic Strategies LLC boosted its position in Capital One Financial by 49.0% during the 1st quarter. Quantitative Systematic Strategies LLC now owns 34,476 shares of the financial services provider’s stock worth $2,816,000 after acquiring an additional 11,338 shares during the period. Finally, Pacer Advisors Inc. boosted its position in Capital One Financial by 5,760.0% during the 1st quarter. Pacer Advisors Inc. now owns 40,141 shares of the financial services provider’s stock worth $3,280,000 after acquiring an additional 39,456 shares during the period. Hedge funds and other institutional investors own 88.43% of the company’s stock.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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