Discover Financial Services (NYSE:DFS) Announces Earnings Results

Discover Financial Services (NYSE:DFS) announced its earnings results on Wednesday. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.13 by $1.98, Zacks reports. Discover Financial Services had a return on equity of 27.52% and a net margin of 17.29%.

Discover Financial Services Trading Up 1.7 %

Shares of DFS stock opened at $200.89 on Friday. The stock has a market capitalization of $50.48 billion, a P/E ratio of 12.59, a price-to-earnings-growth ratio of 1.15 and a beta of 1.46. Discover Financial Services has a fifty-two week low of $99.79 and a fifty-two week high of $204.93. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.10. The company has a 50 day moving average price of $177.76 and a 200 day moving average price of $153.68.

Discover Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.80 dividend on an annualized basis and a yield of 1.39%. Discover Financial Services’s dividend payout ratio (DPR) is presently 17.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Truist Financial assumed coverage on shares of Discover Financial Services in a research report on Tuesday, January 7th. They issued a “buy” rating and a $233.00 price target for the company. StockNews.com downgraded shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Friday. Barclays upgraded Discover Financial Services from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $137.00 to $186.00 in a research note on Monday, January 6th. UBS Group upgraded Discover Financial Services from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $150.00 to $239.00 in a research report on Monday, January 13th. Finally, Royal Bank of Canada increased their target price on Discover Financial Services from $148.00 to $161.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $171.71.

Discover Financial Services Company Profile

Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; personal loans, home loans, and other consumer lending; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checking accounts, and sweep accounts.