$2.33 Earnings Per Share Expected for Capital One Financial Corp. (COF) This Quarter

Wall Street brokerages expect Capital One Financial Corp. (NYSE:COF) to report $2.33 earnings per share for the current quarter, Zacks reports. Eight analysts have issued estimates for Capital One Financial’s earnings, with estimates ranging from $2.13 to $2.44. Capital One Financial reported earnings per share of $1.75 during the same quarter last year, which would indicate a positive year over year growth rate of 33.1%. The company is scheduled to report its next quarterly earnings report after the market closes on Tuesday, April 24th.

According to Zacks, analysts expect that Capital One Financial will report full year earnings of $9.84 per share for the current financial year, with EPS estimates ranging from $9.50 to $10.60. For the next year, analysts anticipate that the business will report earnings of $10.64 per share, with EPS estimates ranging from $10.25 to $10.97. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Capital One Financial.

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Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $1.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.85 by ($0.23). The firm had revenue of $7 billion for the quarter, compared to the consensus estimate of $7.12 billion. Capital One Financial had a net margin of 6.89% and a return on equity of 8.36%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 earnings per share.

COF has been the subject of a number of research reports. Credit Suisse Group reiterated a “neutral” rating on shares of Capital One Financial in a research note on Wednesday, December 27th. Royal Bank of Canada reiterated a “buy” rating and issued a $110.00 price target on shares of Capital One Financial in a research note on Wednesday, January 24th. Piper Jaffray raised shares of Capital One Financial from an “underweight” rating to a “neutral” rating and set a $81.00 price objective for the company in a report on Monday, December 18th. Wells Fargo reissued an “outperform” rating and set a $117.00 price objective (up previously from $112.00) on shares of Capital One Financial in a report on Wednesday, January 24th. Finally, Sandler O’Neill set a $113.00 price target on shares of Capital One Financial and gave the company a “buy” rating in a report on Tuesday, April 10th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $107.57.

In other Capital One Financial news, CEO Richard D. Fairbank sold 485,202 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $105.09, for a total transaction of $50,989,878.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bradford H. Warner sold 3,000 shares of the firm’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $95.05, for a total transaction of $285,150.00. The disclosure for this sale can be found here. Insiders sold a total of 575,606 shares of company stock valued at $60,316,349 in the last 90 days. Company insiders own 1.40% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cerebellum GP LLC acquired a new position in Capital One Financial during the fourth quarter valued at approximately $127,000. Delpha Capital Management LLC acquired a new stake in shares of Capital One Financial in the fourth quarter valued at about $134,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Capital One Financial in the fourth quarter valued at about $141,000. Captrust Financial Advisors acquired a new stake in shares of Capital One Financial in the fourth quarter valued at about $162,000. Finally, HBK Sorce Advisory LLC acquired a new stake in shares of Capital One Financial in the fourth quarter valued at about $203,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Shares of COF traded up $0.66 during mid-day trading on Wednesday, reaching $97.05. The company had a trading volume of 198,450 shares, compared to its average volume of 2,306,716. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. Capital One Financial has a 52 week low of $76.05 and a 52 week high of $106.50. The stock has a market cap of $46,873.21, a P/E ratio of 12.37, a P/E/G ratio of 0.85 and a beta of 1.31.

Capital One Financial announced that its Board of Directors has authorized a share buyback program on Tuesday, December 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

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

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