Capital One Financial (COF) Scheduled to Post Earnings on Tuesday

Capital One Financial (NYSE:COF) will release its earnings data after the market closes on Tuesday, April 24th. Analysts expect Capital One Financial to post earnings of $2.24 per share for the quarter.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.85 by ($0.23). Capital One Financial had a return on equity of 8.36% and a net margin of 6.89%. The firm had revenue of $7 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the company posted $1.45 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts expect Capital One Financial to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

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NYSE:COF opened at $96.90 on Tuesday. Capital One Financial has a 52-week low of $76.05 and a 52-week high of $106.50. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.08. The firm has a market cap of $46,873.21, a price-to-earnings ratio of 12.44, a PEG ratio of 0.85 and a beta of 1.31.

Capital One Financial declared that its board has initiated a stock repurchase program on Tuesday, December 26th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

In related news, CEO Richard D. Fairbank sold 485,202 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $105.09, for a total value of $50,989,878.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bradford H. Warner sold 3,000 shares of the company’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $95.05, for a total transaction of $285,150.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 575,606 shares of company stock valued at $60,316,349. 1.40% of the stock is owned by corporate insiders.

Several research firms have issued reports on COF. Sandler O’Neill set a $113.00 price objective on Capital One Financial and gave the stock a “buy” rating in a report on Tuesday, April 10th. Citigroup began coverage on Capital One Financial in a report on Thursday, April 5th. They set a “buy” rating and a $115.00 price objective on the stock. Wells Fargo reduced their price objective on Capital One Financial from $117.00 to $109.00 and set an “outperform” rating on the stock in a report on Thursday, March 29th. UBS began coverage on Capital One Financial in a report on Tuesday, March 27th. They set a “buy” rating and a $114.00 price objective on the stock. Finally, Zacks Investment Research downgraded Capital One Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $107.57.

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About Capital One Financial

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.

Earnings History for Capital One Financial (NYSE:COF)

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