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

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

Capital One Financial Price Performance

Capital One Financial stock traded up $0.23 during trading hours on Friday, hitting $146.20. 4,328,458 shares of the company traded hands, compared to its average volume of 2,730,335. Capital One Financial Co. has a 1-year low of $83.93 and a 1-year high of $149.94. The firm has a market cap of $55.61 billion, a P/E ratio of 12.27, a P/E/G ratio of 1.07 and a beta of 1.48. The firm’s 50-day simple moving average is $140.29 and its two-hundred day simple moving average is $125.58. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.85.

Capital One Financial Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays upped their price objective on Capital One Financial from $114.00 to $154.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on Capital One Financial in a research note on Wednesday, January 10th. They set a “hold” rating and a $153.00 price objective on the stock. UBS Group boosted their target price on shares of Capital One Financial from $132.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Royal Bank of Canada raised their price target on shares of Capital One Financial from $142.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 21st. Finally, Wells Fargo & Company boosted their price objective on shares of Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.