Capital One Financial (NYSE:COF) Releases Earnings Results, Beats Expectations By $0.31 EPS

Capital One Financial Co. (NYSE:COF) released its quarterly earnings data on Tuesday. The financial services provider reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.31, Zacks reports. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The business had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10,220,675.12 billion. During the same quarter in the previous year, the business posted $2.81 EPS. Capital One Financial’s revenue for the quarter was up 7.2% on a year-over-year basis.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $193.42 on Wednesday. The company’s 50 day moving average price is $183.84 and its two-hundred day moving average price is $160.98. The firm has a market capitalization of $73.74 billion, a P/E ratio of 18.26, a P/E/G ratio of 1.23 and a beta of 1.46. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $198.30.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s dividend payout ratio (DPR) is presently 22.66%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on COF shares. Keefe, Bruyette & Woods boosted their price target on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. The Goldman Sachs Group raised their target price on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Bank of America downgraded Capital One Financial from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $203.00 to $200.00 in a research note on Monday, December 9th. Wells Fargo & Company upped their price objective on shares of Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Finally, Evercore ISI increased their price target on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Capital One Financial has a consensus rating of “Hold” and a consensus target price of $188.06.

Insider Buying and Selling

In other news, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the transaction, the insider now directly owns 26,482 shares in the company, valued at $5,038,465.32. This trade represents a 28.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kara West sold 721 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total value of $133,190.33. Following the completion of the sale, the insider now owns 12,929 shares in the company, valued at $2,388,374.17. The trade was a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,256 shares of company stock worth $2,462,487 in the last 90 days. Insiders own 1.30% of the company’s stock.

About Capital One Financial

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.