FY2018 EPS Estimates for Capital One Financial Corp. Increased by Analyst (COF)

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Capital One Financial Corp. (NYSE:COF) – Research analysts at William Blair upped their FY2018 earnings estimates for shares of Capital One Financial in a research report issued on Wednesday, October 24th. William Blair analyst R. Napoli now anticipates that the financial services provider will post earnings of $11.67 per share for the year, up from their prior estimate of $11.15. William Blair also issued estimates for Capital One Financial’s Q4 2018 earnings at $2.68 EPS, Q2 2019 earnings at $2.76 EPS, Q3 2019 earnings at $3.17 EPS, Q4 2019 earnings at $2.54 EPS, FY2019 earnings at $11.11 EPS and FY2020 earnings at $11.66 EPS.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $3.12 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.23. Capital One Financial had a return on equity of 11.01% and a net margin of 11.84%. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.88 billion. During the same period last year, the company earned $2.42 earnings per share. The company’s revenue was down .3% on a year-over-year basis.

Several other equities analysts also recently weighed in on COF. Oppenheimer set a $101.00 price target on Capital One Financial and gave the company a “buy” rating in a report on Tuesday, October 23rd. Nomura reduced their price target on Capital One Financial from $109.00 to $98.00 and set a “neutral” rating for the company in a report on Wednesday, October 24th. Zacks Investment Research upgraded Capital One Financial from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a report on Friday, October 26th. Wells Fargo & Co reduced their price target on Capital One Financial from $110.00 to $103.00 and set an “outperform” rating for the company in a report on Wednesday, October 24th. Finally, BMO Capital Markets raised their price target on Capital One Financial from $135.00 to $146.00 and gave the company an “outperform” rating in a report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $109.57.

Shares of NYSE:COF opened at $87.84 on Monday. Capital One Financial has a 1-year low of $84.94 and a 1-year high of $106.50. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.02. The firm has a market cap of $41.02 billion, a PE ratio of 11.28, a P/E/G ratio of 0.69 and a beta of 1.29.

In related news, insider Timothy P. Golden sold 4,073 shares of Capital One Financial stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $95.85, for a total value of $390,397.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC grew its stake in shares of Capital One Financial by 0.8% during the 2nd quarter. Mutual of America Capital Management LLC now owns 62,630 shares of the financial services provider’s stock valued at $5,756,000 after purchasing an additional 515 shares during the period. Private Trust Co. NA grew its stake in shares of Capital One Financial by 22.0% during the 2nd quarter. Private Trust Co. NA now owns 3,190 shares of the financial services provider’s stock valued at $293,000 after purchasing an additional 575 shares during the period. SRS Capital Advisors Inc. grew its stake in shares of Capital One Financial by 29.2% during the 2nd quarter. SRS Capital Advisors Inc. now owns 2,667 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 602 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of Capital One Financial by 9.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,919 shares of the financial services provider’s stock valued at $657,000 after purchasing an additional 615 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Capital One Financial by 2.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 26,491 shares of the financial services provider’s stock valued at $2,433,000 after purchasing an additional 641 shares during the period. Institutional investors own 88.43% of the company’s stock.

About Capital One Financial

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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