Discover Financial Services (NYSE:DFS) – Equities researchers at Jefferies Group upped their Q2 2018 EPS estimates for Discover Financial Services in a research note issued to investors on Wednesday, May 16th. Jefferies Group analyst J. Hecht now forecasts that the financial services provider will earn $1.84 per share for the quarter, up from their prior estimate of $1.83. Jefferies Group also issued estimates for Discover Financial Services’ Q4 2018 earnings at $2.05 EPS and Q3 2019 earnings at $2.24 EPS.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings results on Thursday, April 26th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.05. Discover Financial Services had a net margin of 18.43% and a return on equity of 22.79%. The firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same period in the previous year, the business earned $1.43 EPS. The company’s revenue was up 10.1% compared to the same quarter last year.

Other research analysts have also issued reports about the stock. Morgan Stanley boosted their price objective on shares of Discover Financial Services from $91.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Instinet cut their price target on shares of Discover Financial Services from $96.00 to $94.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Argus raised shares of Discover Financial Services from an “average” rating to a “buy” rating and set a $90.00 price target for the company in a report on Friday, January 26th. Royal Bank of Canada cut their price target on shares of Discover Financial Services to $100.00 and set a “top pick” rating for the company in a report on Thursday, January 25th. Finally, Barclays decreased their price target on shares of Discover Financial Services from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $85.43.

Shares of DFS stock opened at $77.83 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.55. Discover Financial Services has a 1 year low of $76.11 and a 1 year high of $77.17. The firm has a market capitalization of $27.02 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 0.96 and a beta of 1.47.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its position in Discover Financial Services by 26.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 11,817 shares of the financial services provider’s stock valued at $909,000 after purchasing an additional 2,473 shares during the period. Victory Capital Management Inc. grew its position in shares of Discover Financial Services by 9.7% in the 4th quarter. Victory Capital Management Inc. now owns 46,112 shares of the financial services provider’s stock worth $3,547,000 after buying an additional 4,096 shares during the period. Bbva Compass Bancshares Inc. grew its position in shares of Discover Financial Services by 59.5% in the 4th quarter. Bbva Compass Bancshares Inc. now owns 87,684 shares of the financial services provider’s stock worth $6,744,000 after buying an additional 32,708 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Discover Financial Services by 7.4% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 25,606 shares of the financial services provider’s stock worth $1,970,000 after buying an additional 1,770 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its position in shares of Discover Financial Services by 62.8% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 23,852 shares of the financial services provider’s stock worth $1,835,000 after buying an additional 9,200 shares during the period. Hedge funds and other institutional investors own 87.57% of the company’s stock.

In other Discover Financial Services news, Director Mary K. Bush sold 4,674 shares of Discover Financial Services stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $76.17, for a total transaction of $356,018.58. Following the completion of the sale, the director now directly owns 54,060 shares in the company, valued at $4,117,750.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Diane E. Offereins sold 15,000 shares of Discover Financial Services stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $77.27, for a total transaction of $1,159,050.00. Following the sale, the executive vice president now owns 134,841 shares of the company’s stock, valued at $10,419,164.07. The disclosure for this sale can be found here. Insiders sold 161,266 shares of company stock valued at $11,823,080 over the last 90 days. 0.81% of the stock is owned by company insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 7th. Stockholders of record on Thursday, May 24th will be given a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, May 23rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.80%. Discover Financial Services’s dividend payout ratio (DPR) is currently 23.41%.

About Discover Financial Services

Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.

Earnings History and Estimates for Discover Financial Services (NYSE:DFS)

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