Capital One Forecasted to Post Q2 2018 Earnings of $2.43 Per Share (COF)

Capital One (NYSE:COF) – Equities researchers at Jefferies Group dropped their Q2 2018 EPS estimates for Capital One in a note issued to investors on Wednesday, May 16th. Jefferies Group analyst J. Hecht now expects that the financial services provider will post earnings per share of $2.43 for the quarter, down from their previous forecast of $2.48. Jefferies Group also issued estimates for Capital One’s Q3 2018 earnings at $2.25 EPS, Q2 2019 earnings at $2.39 EPS and Q4 2019 earnings at $2.42 EPS.

Capital One (NYSE:COF) last released its earnings results on Tuesday, April 24th. The financial services provider reported $2.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.34 by $0.31. Capital One had a return on equity of 9.23% and a net margin of 8.38%. The company had revenue of $6.90 million for the quarter, compared to analysts’ expectations of $6.93 billion. During the same quarter in the previous year, the business posted $1.75 EPS. The business’s revenue for the quarter was up 5.7% on a year-over-year basis.

Several other equities analysts have also recently weighed in on COF. BMO Capital Markets reaffirmed an “outperform” rating and set a $140.00 target price on shares of Capital One in a research note on Wednesday, January 24th. Wells Fargo reiterated an “outperform” rating and set a $117.00 price target (up from $112.00) on shares of Capital One in a report on Wednesday, January 24th. Credit Suisse Group lifted their price target on Capital One from $106.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Buckingham Research lifted their price target on Capital One from $110.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $110.00 price target on shares of Capital One in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $108.52.

Capital One opened at $96.43 on Thursday, MarketBeat.com reports. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.02 and a current ratio of 1.02. Capital One has a fifty-two week low of $76.05 and a fifty-two week high of $106.50. The stock has a market cap of $46.58 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 0.90 and a beta of 1.32.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BancorpSouth Bank acquired a new stake in Capital One in the 4th quarter worth approximately $3,914,000. Huntington National Bank lifted its holdings in shares of Capital One by 3.8% during the fourth quarter. Huntington National Bank now owns 264,645 shares of the financial services provider’s stock worth $26,353,000 after buying an additional 9,796 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Capital One by 13.0% during the fourth quarter. Millennium Management LLC now owns 604,327 shares of the financial services provider’s stock worth $60,179,000 after buying an additional 69,642 shares during the last quarter. ETRADE Capital Management LLC lifted its holdings in shares of Capital One by 24.4% during the fourth quarter. ETRADE Capital Management LLC now owns 3,477 shares of the financial services provider’s stock worth $346,000 after buying an additional 682 shares during the last quarter. Finally, Element Capital Management LLC acquired a new position in shares of Capital One during the fourth quarter worth approximately $23,274,000. Hedge funds and other institutional investors own 89.71% of the company’s stock.

In related news, insider Kevin S. Borgmann sold 4,860 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $95.00, for a total value of $461,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard D. Fairbank sold 242,600 shares of the business’s stock in a transaction that occurred on Wednesday, April 25th. The stock was sold at an average price of $93.13, for a total value of $22,593,338.00. Following the completion of the sale, the chief executive officer now owns 3,011,738 shares of the company’s stock, valued at $280,483,159.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 293,770 shares of company stock valued at $27,484,751. Corporate insiders own 1.73% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 24th. Investors of record on Monday, May 14th will be issued a $0.40 dividend. The ex-dividend date is Friday, May 11th. This represents a $1.60 annualized dividend and a yield of 1.66%. Capital One’s dividend payout ratio (DPR) is currently 20.54%.

Capital One 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.

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

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