Wall Street brokerages expect Capital One Financial Corp. (NYSE:COF) to report sales of $7.01 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Capital One Financial’s earnings, with the highest sales estimate coming in at $7.13 billion and the lowest estimate coming in at $6.88 billion. Capital One Financial reported sales of $7.19 billion during the same quarter last year, which indicates a negative year over year growth rate of 2.5%. The firm is scheduled to report its next quarterly earnings report on Thursday, July 18th.
According to Zacks, analysts expect that Capital One Financial will report full-year sales of $28.94 billion for the current fiscal year, with estimates ranging from $28.55 billion to $29.31 billion. For the next financial year, analysts forecast that the business will post sales of $30.58 billion, with estimates ranging from $29.22 billion to $31.26 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Capital One Financial.
Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, April 25th. The financial services provider reported $2.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.68 by $0.22. The company had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.03 billion. Capital One Financial had a net margin of 18.47% and a return on equity of 10.95%. Capital One Financial’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the company posted $2.62 earnings per share.
COF traded down $0.20 during trading on Friday, hitting $90.57. 1,310,012 shares of the company traded hands, compared to its average volume of 1,497,720. The stock has a market capitalization of $42.53 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 0.91 and a beta of 1.27. Capital One Financial has a 1 year low of $69.90 and a 1 year high of $101.26. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.99 and a current ratio of 1.00.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Monday, May 13th were paid a $0.40 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.77%. Capital One Financial’s payout ratio is currently 14.71%.
In other Capital One Financial news, insider Jory A. Berson sold 13,393 shares of Capital One Financial stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total value of $1,205,370.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bradford H. Warner sold 4,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $85.98, for a total transaction of $343,920.00. Following the completion of the sale, the director now owns 57,930 shares of the company’s stock, valued at approximately $4,980,821.40. The disclosure for this sale can be found here. Insiders sold a total of 20,321 shares of company stock valued at $1,796,823 over the last three months. Corporate insiders own 1.43% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc lifted its holdings in shares of Capital One Financial by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 34,504,061 shares of the financial services provider’s stock worth $3,275,469,000 after acquiring an additional 406,610 shares during the last quarter. Culbertson A N & Co. Inc. lifted its holdings in shares of Capital One Financial by 15.1% in the 1st quarter. Culbertson A N & Co. Inc. now owns 11,782 shares of the financial services provider’s stock worth $962,000 after acquiring an additional 1,545 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Capital One Financial by 12.5% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 487,465 shares of the financial services provider’s stock worth $2,302,814,000 after acquiring an additional 54,003 shares during the last quarter. Affinity Investment Advisors LLC bought a new stake in shares of Capital One Financial in the 4th quarter worth about $9,167,000. Finally, Flinton Capital Management LLC lifted its holdings in shares of Capital One Financial by 342.3% in the 4th quarter. Flinton Capital Management LLC now owns 35,312 shares of the financial services provider’s stock worth $2,669,000 after acquiring an additional 27,328 shares during the last quarter. Hedge funds and other institutional investors own 88.72% of the company’s stock.
Capital One Financial Company Profile
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.
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