Capital One to Post Q2 2018 Earnings of $2.68 Per Share, Oppenheimer Forecasts (COF)
Capital One (NYSE:COF) – Stock analysts at Oppenheimer cut their Q2 2018 earnings per share (EPS) estimates for Capital One in a report released on Tuesday, April 24th. Oppenheimer analyst B. Chittenden now expects that the financial services provider will post earnings of $2.68 per share for the quarter, down from their prior forecast of $2.69. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for Capital One’s FY2018 earnings at $10.64 EPS.
Capital One (NYSE:COF) last posted its earnings results on Tuesday, April 24th. The financial services provider reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.31. Capital One had a net margin of 8.38% and a return on equity of 9.23%. The company had revenue of $6.90 million during the quarter, compared to analysts’ expectations of $6.93 billion. During the same quarter in the previous year, the company posted $1.75 earnings per share. Capital One’s quarterly revenue was up 5.7% compared to the same quarter last year.
NYSE:COF opened at $91.72 on Friday. Capital One has a 1 year low of $76.05 and a 1 year high of $106.50. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.02 and a quick ratio of 1.07. The company has a market capitalization of $45,107.99, a PE ratio of 11.77, a PEG ratio of 0.81 and a beta of 1.31.
Institutional investors have recently modified their holdings of the business. BancorpSouth Bank bought a new stake in shares of Capital One during the 4th quarter valued at $3,914,000. Huntington National Bank raised its position in shares of Capital One by 3.8% during the 4th quarter. Huntington National Bank now owns 264,645 shares of the financial services provider’s stock valued at $26,353,000 after acquiring an additional 9,796 shares during the last quarter. Millennium Management LLC raised its position in shares of Capital One by 13.0% during the 4th quarter. Millennium Management LLC now owns 604,327 shares of the financial services provider’s stock valued at $60,179,000 after acquiring an additional 69,642 shares during the last quarter. ETRADE Capital Management LLC raised its position in shares of Capital One by 24.4% during the 4th quarter. ETRADE Capital Management LLC now owns 3,477 shares of the financial services provider’s stock valued at $346,000 after acquiring an additional 682 shares during the last quarter. Finally, Element Capital Management LLC bought a new stake in shares of Capital One during the 4th quarter valued at $23,274,000. Institutional investors own 89.96% of the company’s stock.
In other Capital One news, insider Kleber Santos sold 5,607 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $97.74, for a total transaction of $548,028.18. Following the completion of the sale, the insider now owns 15,894 shares in the company, valued at approximately $1,553,479.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John G. Finneran, Jr. sold 67,892 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $105.03, for a total transaction of $7,130,696.76. Following the sale, the insider now owns 96,551 shares of the company’s stock, valued at approximately $10,140,751.53. The disclosure for this sale can be found here. Insiders have sold a total of 333,004 shares of company stock valued at $31,919,809 in the last quarter. Corporate insiders own 1.73% of the company’s stock.
About Capital One
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
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