Capital One Financial (NYSE:COF) Releases Earnings Results, Misses Estimates By $0.14 EPS

Capital One Financial Co. (NYSE:COF) announced its earnings results on Tuesday. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14), Briefing.com reports. Capital One Financial had a return on equity of 9.37% and a net margin of 9.01%. The business had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter last year, the business posted $3.52 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis.

Capital One Financial Stock Performance

COF traded up $2.20 during trading hours on Thursday, hitting $148.61. 607,473 shares of the stock were exchanged, compared to its average volume of 2,542,315. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.01 and a quick ratio of 1.00. The stock has a market cap of $56.50 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 1.14 and a beta of 1.45. Capital One Financial Co. has a 12 month low of $88.23 and a 12 month high of $153.35. The stock has a 50-day simple moving average of $139.05 and a 200-day simple moving average of $138.59.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Friday, May 10th. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the sale, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Capital One Financial news, insider Celia Karam sold 16,913 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $142.88, for a total value of $2,416,529.44. Following the sale, the insider now directly owns 47,081 shares in the company, valued at $6,726,933.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the transaction, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,311 shares of company stock worth $8,274,640. 1.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

COF has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $159.00 price objective on shares of Capital One Financial in a research report on Wednesday, March 27th. Wolfe Research upgraded shares of Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 target price on the stock in a research report on Thursday, April 4th. JPMorgan Chase & Co. boosted their target price on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, July 8th. Wells Fargo & Company boosted their target price on shares of Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Finally, Evercore ISI cut their price target on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a research note on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Capital One Financial currently has a consensus rating of “Hold” and a consensus target price of $145.89.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.