Brokerages Anticipate Capital One Financial Corp. (NYSE:COF) Will Announce Quarterly Sales of $7.01 Billion

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.

Several research firms recently weighed in on COF. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and raised their target price for the company from $95.00 to $115.00 in a research note on Tuesday, May 14th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $98.00 target price on shares of Capital One Financial in a research note on Friday, May 3rd. ValuEngine raised shares of Capital One Financial from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Finally, Zacks Investment Research cut shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $104.35.

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.

Further Reading: How do CD ladders protect against rising interest rates?

Get a free copy of the Zacks research report on Capital One Financial (COF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Capital One Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial and related companies with MarketBeat.com's FREE daily email newsletter.