Q4 2017 Earnings Estimate for Capital One Financial Corporation (COF) Issued By Jefferies Group

Capital One Financial Corporation (NYSE:COF) – Jefferies Group raised their Q4 2017 earnings per share (EPS) estimates for shares of Capital One Financial Corporation in a research note issued to investors on Monday. Jefferies Group analyst J. Hecht now forecasts that the financial services provider will post earnings per share of $1.86 for the quarter, up from their previous estimate of $1.70. Jefferies Group also issued estimates for Capital One Financial Corporation’s Q1 2018 earnings at $2.42 EPS, Q2 2018 earnings at $2.17 EPS, Q3 2018 earnings at $2.42 EPS, Q4 2018 earnings at $1.51 EPS and FY2018 earnings at $8.51 EPS.

Several other brokerages have also commented on COF. Morgan Stanley lowered Capital One Financial Corporation from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $97.00 to $83.00 in a research note on Friday, September 8th. Robert W. Baird reaffirmed a “hold” rating and issued a $84.00 price target on shares of Capital One Financial Corporation in a research note on Tuesday, September 5th. Zacks Investment Research lowered Capital One Financial Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $106.00 price objective on shares of Capital One Financial Corporation in a research note on Friday, September 15th. Finally, CIBC raised Capital One Financial Corporation from an “underperform” rating to a “market perform” rating in a research note on Friday, July 21st. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $92.86.

TRADEMARK VIOLATION NOTICE: This article was first published by Week Herald and is the property of of Week Herald. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US and international trademark and copyright legislation. The original version of this article can be viewed at https://weekherald.com/2017/10/11/q4-2017-earnings-estimate-for-capital-one-financial-corporation-cof-issued-by-jefferies-group.html.

Capital One Financial Corporation (NYSE:COF) opened at 87.30 on Tuesday. Capital One Financial Corporation has a 52 week low of $70.50 and a 52 week high of $96.92. The company’s 50-day moving average price is $82.00 and its 200 day moving average price is $82.21. The company has a market capitalization of $42.25 billion, a PE ratio of 12.73 and a beta of 1.23.

Capital One Financial Corporation (NYSE:COF) last announced its quarterly earnings data on Thursday, July 20th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.06. Capital One Financial Corporation had a return on equity of 7.92% and a net margin of 13.32%. The firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same period last year, the business posted $1.76 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis.

Capital One Financial Corporation declared that its Board of Directors has approved a stock repurchase plan on Wednesday, June 28th that authorizes the company to buyback $1.85 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 4.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

In other Capital One Financial Corporation news, CEO Richard D. Fairbank sold 367,419 shares of the stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $87.02, for a total value of $31,972,801.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.73% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Capital World Investors boosted its position in shares of Capital One Financial Corporation by 2.3% during the second quarter. Capital World Investors now owns 38,396,005 shares of the financial services provider’s stock worth $3,172,278,000 after buying an additional 849,047 shares during the period. Vanguard Group Inc. boosted its position in shares of Capital One Financial Corporation by 1.1% during the second quarter. Vanguard Group Inc. now owns 31,789,748 shares of the financial services provider’s stock worth $2,626,469,000 after buying an additional 335,574 shares during the period. BlackRock Inc. boosted its position in shares of Capital One Financial Corporation by 3,066.1% during the first quarter. BlackRock Inc. now owns 31,294,690 shares of the financial services provider’s stock worth $2,711,996,000 after buying an additional 30,306,250 shares during the period. State Street Corp boosted its position in shares of Capital One Financial Corporation by 0.7% during the first quarter. State Street Corp now owns 21,864,090 shares of the financial services provider’s stock worth $1,894,742,000 after buying an additional 157,141 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Capital One Financial Corporation by 2.4% during the second quarter. Franklin Resources Inc. now owns 13,739,126 shares of the financial services provider’s stock worth $1,135,064,000 after buying an additional 322,243 shares during the period. 87.99% of the stock is owned by institutional investors.

About Capital One Financial Corporation

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

Earnings History and Estimates for Capital One Financial Corporation (NYSE:COF)

Receive News & Ratings for Capital One Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply