$6.98 Billion in Sales Expected for Capital One Financial Corp. (COF) This Quarter

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Equities analysts expect Capital One Financial Corp. (NYSE:COF) to announce $6.98 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Capital One Financial’s earnings, with the highest sales estimate coming in at $7.08 billion and the lowest estimate coming in at $6.92 billion. Capital One Financial posted sales of $6.91 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 1%. The firm is expected to issue its next quarterly earnings report on Tuesday, April 23rd.

On average, analysts expect that Capital One Financial will report full-year sales of $28.84 billion for the current fiscal year, with estimates ranging from $28.30 billion to $29.33 billion. For the next year, analysts anticipate that the firm will report sales of $30.46 billion, with estimates ranging from $29.18 billion to $31.22 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Capital One Financial.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $1.87 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.41 by ($0.54). Capital One Financial had a return on equity of 11.05% and a net margin of 18.58%. The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same period last year, the company posted $1.59 EPS. The business’s revenue was up .2% on a year-over-year basis.

Several brokerages recently commented on COF. Zacks Investment Research downgraded shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Monday, November 19th. William Blair reissued a “market perform” rating on shares of Capital One Financial in a research note on Wednesday, January 16th. Oppenheimer reissued a “market perform” rating on shares of Capital One Financial in a research note on Wednesday, January 23rd. Credit Suisse Group dropped their price objective on shares of Capital One Financial from $109.00 to $102.00 and set a “positive” rating for the company in a research note on Wednesday, January 23rd. Finally, Robert W. Baird raised shares of Capital One Financial from a “neutral” rating to an “outperform” rating and set a $101.00 price objective for the company in a research note on Monday, December 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $104.00.

In other Capital One Financial news, insider Kleber Santos sold 3,570 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $82.49, for a total value of $294,489.30. Following the completion of the transaction, the insider now directly owns 19,454 shares in the company, valued at approximately $1,604,760.46. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. increased its position in shares of Capital One Financial by 19.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 636,186 shares of the financial services provider’s stock worth $60,395,000 after buying an additional 103,728 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Capital One Financial by 6.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 13,568 shares of the financial services provider’s stock worth $1,288,000 after buying an additional 808 shares during the period. Private Advisor Group LLC increased its position in shares of Capital One Financial by 15.2% during the third quarter. Private Advisor Group LLC now owns 14,212 shares of the financial services provider’s stock worth $1,349,000 after buying an additional 1,879 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Capital One Financial by 7.5% during the third quarter. Daiwa Securities Group Inc. now owns 17,787 shares of the financial services provider’s stock worth $1,689,000 after buying an additional 1,245 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Capital One Financial during the third quarter worth $130,000. Hedge funds and other institutional investors own 87.87% of the company’s stock.

NYSE:COF traded down $0.53 on Friday, hitting $83.21. The company had a trading volume of 1,744,285 shares, compared to its average volume of 2,917,343. The company has a market cap of $39.18 billion, a price-to-earnings ratio of 7.65, a PEG ratio of 0.90 and a beta of 1.26. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.02 and a quick ratio of 1.01. Capital One Financial has a 52 week low of $69.90 and a 52 week high of $101.26.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 22nd. Shareholders of record on Monday, February 11th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Friday, February 8th. Capital One Financial’s dividend payout ratio (DPR) is currently 14.71%.

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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