Wall Street brokerages forecast that Capital One Financial Corp. (NYSE:COF) will report sales of $7.24 billion for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Capital One Financial’s earnings, with the lowest sales estimate coming in at $7.16 billion and the highest estimate coming in at $7.38 billion. Capital One Financial reported sales of $6.96 billion in the same quarter last year, which would suggest a positive year over year growth rate of 4%. The company is expected to announce its next quarterly earnings results on Tuesday, October 22nd.
According to Zacks, analysts expect that Capital One Financial will report full-year sales of $28.88 billion for the current fiscal year, with estimates ranging from $28.64 billion to $29.24 billion. For the next fiscal year, analysts expect that the firm will report sales of $30.28 billion, with estimates ranging from $29.28 billion to $30.80 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Capital One Financial.
Capital One Financial (NYSE:COF) last issued its earnings results on Thursday, July 18th. The financial services provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.53. Capital One Financial had a return on equity of 10.68% and a net margin of 17.50%. The company had revenue of $7.12 billion for the quarter, compared to analyst estimates of $7.01 billion. During the same period in the prior year, the firm posted $3.71 EPS. The business’s revenue was down .9% compared to the same quarter last year.
COF traded up $1.21 during trading on Wednesday, hitting $92.42. The company’s stock had a trading volume of 4,956,536 shares, compared to its average volume of 2,409,091. The company’s 50 day moving average price is $91.75. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.88. Capital One Financial has a 12 month low of $69.90 and a 12 month high of $101.26. The company has a market capitalization of $42.90 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 1.07 and a beta of 1.25.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, August 5th will be issued a $0.40 dividend. The ex-dividend date is Friday, August 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.73%. Capital One Financial’s dividend payout ratio (DPR) is 14.71%.
In related news, insider Michael J. Wassmer sold 8,212 shares of the company’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $95.03, for a total transaction of $780,386.36. Following the sale, the insider now owns 84,679 shares in the company, valued at $8,047,045.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bradford H. Warner sold 4,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $85.98, for a total value of $343,920.00. Following the sale, the director now owns 57,930 shares in the company, valued at approximately $4,980,821.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,149 shares of company stock worth $5,053,283. Corporate insiders own 1.43% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Capital One Financial during the fourth quarter worth approximately $305,543,000. FMR LLC grew its position in Capital One Financial by 7.3% during the first quarter. FMR LLC now owns 18,589,892 shares of the financial services provider’s stock worth $1,518,608,000 after buying an additional 1,259,001 shares in the last quarter. Ceredex Value Advisors LLC grew its position in Capital One Financial by 104.5% during the first quarter. Ceredex Value Advisors LLC now owns 1,005,350 shares of the financial services provider’s stock worth $82,127,000 after buying an additional 513,675 shares in the last quarter. Geode Capital Management LLC grew its position in Capital One Financial by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 6,275,759 shares of the financial services provider’s stock worth $473,568,000 after buying an additional 370,154 shares in the last quarter. Finally, American Century Companies Inc. acquired a new stake in Capital One Financial during the fourth quarter worth approximately $27,440,000. Institutional investors and hedge funds own 88.55% 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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