Capital One Financial (NYSE:COF) Issues Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Capital One Financial Co. (NYSE:COF) posted its quarterly earnings data on Thursday. The financial services provider reported $3.21 earnings per share for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.04), Briefing.com reports. Capital One Financial had a return on equity of 9.24% and a net margin of 9.88%. The company had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.35 billion. During the same quarter in the prior year, the company posted $2.31 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis.

Capital One Financial Trading Up 0.2 %

Shares of Capital One Financial stock traded up $0.23 on Friday, reaching $146.20. The company had a trading volume of 4,328,458 shares, compared to its average volume of 2,730,335. The firm’s 50 day moving average price is $140.29 and its two-hundred day moving average price is $125.58. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.01 and a current ratio of 1.01. Capital One Financial Co. has a 52-week low of $83.93 and a 52-week high of $149.94. The firm has a market cap of $55.61 billion, a PE ratio of 12.27, a PEG ratio of 1.07 and a beta of 1.48.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 12th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.64%. The ex-dividend date was Friday, February 9th. Capital One Financial’s dividend payout ratio (DPR) is presently 20.08%.

Analysts Set New Price Targets

Several research firms recently issued reports on COF. BMO Capital Markets lifted their price objective on Capital One Financial from $124.00 to $125.00 and gave the stock a “market perform” rating in a report on Monday, January 29th. Evercore ISI increased their price objective on Capital One Financial from $142.00 to $155.00 and gave the company an “in-line” rating in a research note on Thursday, March 28th. Barclays raised their price objective on Capital One Financial from $114.00 to $154.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Robert W. Baird lowered shares of Capital One Financial from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $150.00 to $145.00 in a report on Monday, January 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Capital One Financial in a research note on Wednesday, January 10th. They issued a “hold” rating and a $153.00 price target on the stock. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $137.05.

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.