Capital One Financial Corp. (COF) to Post FY2017 Earnings of $7.95 Per Share, Jefferies Group Forecasts
Capital One Financial Corp. (NYSE:COF) – Equities researchers at Jefferies Group lifted their FY2017 earnings per share (EPS) estimates for shares of Capital One Financial in a research report issued to clients and investors on Wednesday. Jefferies Group analyst J. Hecht now expects that the financial services provider will earn $7.95 per share for the year, up from their prior forecast of $7.77. Jefferies Group also issued estimates for Capital One Financial’s Q1 2018 earnings at $2.31 EPS and Q3 2018 earnings at $2.71 EPS.
Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.15 by $0.27. The firm had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.81 billion. Capital One Financial had a return on equity of 8.25% and a net margin of 13.34%. The business’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.03 earnings per share.
Other analysts have also issued reports about the company. BMO Capital Markets boosted their target price on Capital One Financial from $116.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Credit Suisse Group restated a “hold” rating and issued a $92.00 target price on shares of Capital One Financial in a research note on Tuesday, December 19th. Piper Jaffray Companies reiterated a “hold” rating on shares of Capital One Financial in a research note on Tuesday. Wells Fargo & Co assumed coverage on Capital One Financial in a research note on Tuesday, October 10th. They set an “outperform” rating and a $96.00 price objective on the stock. Finally, Bank of America boosted their price objective on Capital One Financial from $89.00 to $91.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $102.14.
Shares of Capital One Financial (NYSE:COF) opened at $103.14 on Thursday. The stock has a market capitalization of $50,000.00, a price-to-earnings ratio of 14.47, a price-to-earnings-growth ratio of 1.38 and a beta of 1.28. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.07 and a quick ratio of 1.06. Capital One Financial has a one year low of $76.05 and a one year high of $103.70.
Several institutional investors and hedge funds have recently bought and sold shares of COF. Davis Selected Advisers boosted its holdings in shares of Capital One Financial by 43.7% in the 3rd quarter. Davis Selected Advisers now owns 11,581,237 shares of the financial services provider’s stock worth $980,149,000 after purchasing an additional 3,519,332 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Capital One Financial by 229.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,647,291 shares of the financial services provider’s stock worth $139,460,000 after purchasing an additional 1,147,191 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Capital One Financial by 107.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,989,104 shares of the financial services provider’s stock worth $164,340,000 after purchasing an additional 1,031,829 shares in the last quarter. Capital World Investors boosted its holdings in shares of Capital One Financial by 2.3% in the 2nd quarter. Capital World Investors now owns 38,396,005 shares of the financial services provider’s stock worth $3,172,278,000 after purchasing an additional 849,047 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Capital One Financial by 153.3% in the 2nd quarter. Renaissance Technologies LLC now owns 989,099 shares of the financial services provider’s stock worth $81,719,000 after purchasing an additional 598,600 shares in the last quarter. Hedge funds and other institutional investors own 88.33% of the company’s stock.
In related news, Director Ann F. Hackett sold 6,361 shares of the business’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $102.00, for a total transaction of $648,822.00. Following the completion of the transaction, the director now directly owns 64,372 shares in the company, valued at $6,565,944. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ann F. Hackett sold 11,055 shares of the business’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $91.18, for a total value of $1,007,994.90. Following the transaction, the director now owns 69,066 shares of the company’s stock, valued at $6,297,437.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 435,282 shares of company stock valued at $42,264,713. 1.73% of the stock is owned by company insiders.
Capital One Financial declared that its board has initiated a share repurchase program on Tuesday, December 26th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.
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About Capital One Financial
Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.
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