Wall Street analysts expect Capital One Financial Corporation (NYSE:COF) to post sales of $6.83 billion for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Capital One Financial Corporation’s earnings, with the lowest sales estimate coming in at $6.73 billion and the highest estimate coming in at $7.03 billion. Capital One Financial Corporation reported sales of $6.46 billion during the same quarter last year, which indicates a positive year over year growth rate of 5.7%. The firm is scheduled to announce its next earnings results on Tuesday, October 24th.

On average, analysts expect that Capital One Financial Corporation will report full year sales of $6.83 billion for the current year, with estimates ranging from $26.85 billion to $27.47 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $28.56 billion per share, with estimates ranging from $28.08 billion to $29.31 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Capital One Financial Corporation.

Capital One Financial Corporation (NYSE:COF) last posted its quarterly earnings data on Thursday, July 20th. The financial services provider reported $1.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.06. Capital One Financial Corporation had a return on equity of 7.92% and a net margin of 13.32%. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the previous year, the firm earned $1.76 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis.

COF has been the subject of a number of research analyst reports. Wedbush lowered Capital One Financial Corporation from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $94.00 to $80.00 in a report on Wednesday, July 5th. Instinet reissued a “buy” rating and issued a $101.00 target price (down previously from $105.00) on shares of Capital One Financial Corporation in a report on Saturday, April 29th. Deutsche Bank AG raised Capital One Financial Corporation from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a report on Monday, May 1st. Wells Fargo & Company reissued a “market perform” rating and issued a $85.00 target price (down previously from $88.00) on shares of Capital One Financial Corporation in a report on Sunday, May 21st. Finally, CIBC reduced their target price on Capital One Financial Corporation from $84.00 to $80.00 and set an “underperform” rating for the company in a report on Wednesday, April 26th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Capital One Financial Corporation presently has an average rating of “Hold” and an average price target of $92.76.

Capital One Financial Corporation (NYSE:COF) traded down 1.74% on Thursday, reaching $83.66. The company’s stock had a trading volume of 1,147,404 shares. The company’s 50 day moving average price is $83.36 and its 200-day moving average price is $84.64. Capital One Financial Corporation has a 12-month low of $66.81 and a 12-month high of $96.92. The stock has a market cap of $40.49 billion, a PE ratio of 12.20 and a beta of 1.20.

Capital One Financial Corporation declared that its Board of Directors has approved a stock buyback plan on Wednesday, June 28th that allows the company to repurchase $1.85 billion in outstanding shares. This repurchase authorization allows the financial services provider to purchase up to 4.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, August 7th will be given a $0.40 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $1.60 annualized dividend and a dividend yield of 1.88%. Capital One Financial Corporation’s payout ratio is 23.43%.

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In other news, CEO Richard D. Fairbank sold 367,419 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $87.02, for a total value of $31,972,801.38. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.73% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Creative Planning increased its position in shares of Capital One Financial Corporation by 33.4% in the first quarter. Creative Planning now owns 12,333 shares of the financial services provider’s stock valued at $1,069,000 after buying an additional 3,090 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Capital One Financial Corporation by 2.5% in the first quarter. Quadrant Capital Group LLC now owns 1,472 shares of the financial services provider’s stock valued at $121,000 after buying an additional 36 shares during the last quarter. ANTIPODES PARTNERS Ltd increased its position in shares of Capital One Financial Corporation by 25.9% in the first quarter. ANTIPODES PARTNERS Ltd now owns 343,970 shares of the financial services provider’s stock valued at $29,944,000 after buying an additional 70,788 shares during the last quarter. Kempner Capital Management Inc. increased its position in shares of Capital One Financial Corporation by 15.4% in the first quarter. Kempner Capital Management Inc. now owns 43,015 shares of the financial services provider’s stock valued at $3,728,000 after buying an additional 5,745 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Capital One Financial Corporation by 17.9% in the first quarter. Bank of Montreal Can now owns 432,909 shares of the financial services provider’s stock valued at $37,516,000 after buying an additional 65,841 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

About Capital One Financial Corporation

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

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