Stock analysts expect Capital One Financial Co. (NYSE:COF) will report sales of $7.93 billion for the current quarter, according to Zacks. Sixteen analysts released Capital One Financial earnings estimates, with the highest sales estimate at $8.09 billion and the lowest estimate at $7.76 billion. Capital One Financial reported sales of $7.34 billion in the same quarter last year, suggesting a positive year-over-year growth rate of 8%. The company is expected to release its next results after the market closes on Tuesday, January 25.
On average, analysts expect Capital One Financial to report annual sales of $30.25 billion in the current fiscal year, with estimates ranging from $30.07 billion to $30.40 billion. . For next year, analysts expect the company to register sales of $32.12 billion, with estimates ranging from $31.08 billion to $33.62 billion. Zacks sales calculations are an average based on a survey of research companies that cover Capital One Financial.
Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, October 26. The financial services provider reported earnings per share (EPS) of $6.86 for the quarter, beating analyst consensus estimates of $5.22 from $1.64. The company posted revenue of $7.83 billion in the quarter, versus a consensus estimate of $7.45 billion. Capital One Financial had a return on equity of 19.85% and a net margin of 39.92%. The company’s quarterly revenue increased by 6.1% compared to the same quarter last year. In the same quarter of the previous year, the company had earned earnings per share of $5.05.
Several research companies have recently weighed in on COF. JPMorgan Chase & Co. cut its price target on Capital One Financial from $192.00 to $177.00 and set an “overweight” rating on the stock in a research note on Wednesday. Citigroup raised its price target on Capital One Financial shares from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, October 1. Stephens raised his price target on Capital One Financial shares from $170.00 to $210.00 and gave the stock an “equal weight” rating in a Wednesday, Oct. 27 report. Oppenheimer cut his price target on Capital One Financial shares from $188.00 to $180.00 and set an “outperform” rating for the company in a Tuesday, November 2 research report. Finally, Piper Sandler raised her price target on Capital One Financial from $177.00 to $188.00 and gave the company an “overweight” rating in a Tuesday, October 5 research report. Eight analysts gave the stock a hold rating and fourteen gave the company a buy rating. According to data from MarketBeat.com, the stock currently has a consensus buy rating and an average price target of $184.58.
Several institutional investors have recently increased or reduced their stake in the company. Jacobi Capital Management LLC increased its position in Capital One Financial shares by 1.4% during the second quarter. Jacobi Capital Management LLC now owns 4,269 shares of the financial services provider worth $660,000 after acquiring 57 additional shares in the last quarter. Claraphi Advisory Network LLC increased its position in Capital One Financial shares by 0.9% during the second quarter. Claraphi Advisory Network LLC now owns 6,790 shares of the financial services provider valued at $1,050,000 after buying 62 additional shares in the last quarter. Gateway Advisory LLC increased its equity stake in Capital One Financial by 2.2% in the third quarter. Gateway Advisory LLC now owns 2,968 shares of the financial services provider worth $481,000 after buying 63 additional shares in the last quarter. Canal Capital Management LLC raised its position in shares of Capital One Financial by 0.7% in the third quarter. Canal Capital Management LLC now owns 9,630 shares of the financial services provider worth $1,560,000 after buying 64 more shares last quarter. Finally, Spire Wealth Management increased its stake in Capital One Financial by 1.4% during the third quarter. Spire Wealth Management now owns 4,764 shares of the financial services provider valued at $772,000 after buying 64 more shares in the last quarter. Hedge funds and other institutional investors hold 89.21% of the company’s shares.
Shares of Capital One Financial opened at $146.52 on Friday. Capital One Financial has a 1-year minimum of $99.82 and a 1-year maximum of $177.95. The company has a debt ratio of 0.58, a current ratio of 0.93 and a quick ratio of 0.91. The company has a 50-day moving average of $149.68 and a 200-day moving average of $158.28. The company has a market capitalization of $62.36 billion, a price/earnings ratio of 5.47, a PEG ratio of 0.38 and a beta of 1.65.
The company also recently announced a quarterly dividend, which was paid on Friday, November 26. Investors of record on Monday, November 15 received a dividend of $0.60 per share. This represents a dividend of $2.40 on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Friday, November 12. Capital One Financial’s dividend payout ratio (DPR) is 8.96%.
About Capital One Financial
Capital One Financial Corp. operates as a financial holding company. The company engages in the provision of financial products and services. It operates through the following segments: Credit Cards, Consumer Banking and Business Banking. The Credit Card segment provides loans to domestic consumers and small businesses, as well as international card lending businesses.
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