Capital One Financial (COF:NYE) is expected to release its quarterly earnings report after the closing bell on Thursday, April 27th. According to analysts, the company is anticipated to announce earnings of $3.94 per COF stock share for the quarter.
Previous Quarter Earnings:
In the last quarterly earnings report released on January 24th, Capital One Financial reported earnings of $2.82 per share, which was lower than the consensus estimate of $3.81 per share by $0.99. The company had revenue of $9.04 billion for the quarter, compared to the expected $9.07 billion.
The company’s return on equity was 13.52%, and its net margin was 19.18%. Capital One Financial’s revenue had increased by 11.4% compared to the same quarter in the previous year, while in the same quarter of the previous year, the company earned $5.41 per share.
The average expectation for the current fiscal year’s earnings is $14 per share, and $15 per share for the next fiscal year.
COF Stock Price Analysis:
On Thursday, COF stock opened at $99.30, and it has a market cap of $37.86 billion, a PE ratio of 5.58, a PEG ratio of 1.11, and a beta of 1.47. The company’s quick ratio and current ratio are both at 0.99, and its debt-to-equity ratio is 0.91.
Capital One Financial’s 50-day moving average is $101.08, and its 200-day moving average is $100.96. COF’s 52-week low is $86.84, and its 52-week high is $144.73.
Several analysts have commented on COF shares, and according to Stock Target Advisor, the consensus rating for the stock is “Hold” with an average price target of $114.01.
COF Stock Dividend:
Capital One Financial recently declared a quarterly dividend, and it was paid on February 17th. Shareholders of record on February 6th received a $0.60 dividend per share. The dividend represents a $2.40 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was February 3rd, and the company’s dividend payout ratio is currently 13.48%.
COF Stock-Analyst Ratings:
BMO Capital Markets reduced their price target on Capital One Financial from $152.00 to $141.00 and set an “outperform” rating for the company in a research report on January 25th.
Odeon Capital Group downgraded Capital One Financial from a “hold” rating to a “sell” rating and set a $94.20 price target on the stock.
Morgan Stanley dropped their target price from $96.00 to $85.00 and set an “underweight” rating on the COF stock in a research report on April 5th.
Bank of America lowered their price objective on Capital One Financial from $122.00 to $120.00 and set a “neutral” rating for the company in a research report on April 11th.
Hedge Funds & Institutional Holdings:
Institutional investors and hedge funds own 88.30% of the COF stock. Some of the recent activities of these investors include Kinneret Advisory LLC lifting its holdings in shares of Capital One Financial by 2.3% during the 1st quarter, and Renaissance Group LLC boosted its holdings in shares of Capital One Financial by 2.4% in the 1st quarter.
Capital One Financial Corporation operates as the financial services 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, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
It serves consumers, small businesses, and commercial clients through digital channels, branches, cafés, and other distribution channels located in New York, Louisiana, Texas, Maryland, Virginia, New Jersey, and California. Capital One Financial Corporation was founded in 1988 and is headquartered in McLean, Virginia.