$7.24 Billion in Sales Expected for Capital One Financial Corp. (NYSE:COF) This Quarter

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.

Several equities research analysts have recently commented on the company. Deutsche Bank reissued a “hold” rating and issued a $98.00 target price on shares of Capital One Financial in a research note on Monday, July 8th. Credit Suisse Group set a $118.00 target price on Capital One Financial and gave the company a “buy” rating in a research note on Friday, July 19th. ValuEngine raised Capital One Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, July 23rd. Piper Jaffray Companies set a $111.00 price objective on Capital One Financial and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Jefferies Financial Group raised Capital One Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $95.00 to $115.00 in a research note on Tuesday, May 14th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $105.58.

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.

Read More: Elliott Wave Theory

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.