$6.98 Billion in Sales Expected for Capital One Financial Corp. (COF) This Quarter
Wall Street brokerages predict that Capital One Financial Corp. (NYSE:COF) will post $6.98 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Capital One Financial’s earnings. The lowest sales estimate is $6.92 billion and the highest is $7.08 billion. Capital One Financial reported sales of $6.91 billion during the same quarter last year, which indicates a positive year over year growth rate of 1%. The business is expected to issue its next quarterly earnings report on Tuesday, April 23rd.
On average, analysts expect that Capital One Financial will report full year sales of $28.84 billion for the current year, with estimates ranging from $28.30 billion to $29.33 billion. For the next fiscal year, analysts forecast that the firm will post sales of $30.46 billion, with estimates ranging from $29.18 billion to $31.22 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Capital One Financial.
Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.41 by ($0.54). Capital One Financial had a net margin of 18.58% and a return on equity of 11.05%. The firm had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same period in the previous year, the business earned $1.59 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis.
In other Capital One Financial news, insider Kleber Santos sold 3,570 shares of the firm’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $82.49, for a total transaction of $294,489.30. Following the completion of the transaction, the insider now owns 19,454 shares of the company’s stock, valued at $1,604,760.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.40% of the company’s stock.
Several large investors have recently made changes to their positions in the company. American Century Companies Inc. acquired a new position in Capital One Financial in the fourth quarter valued at $27,440,000. Norges Bank acquired a new position in Capital One Financial in the fourth quarter valued at $305,543,000. Actinver Wealth Management Inc. acquired a new position in Capital One Financial in the fourth quarter valued at $251,000. Massmutual Trust Co. FSB ADV boosted its holdings in Capital One Financial by 8.3% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 66,884 shares of the financial services provider’s stock valued at $5,056,000 after acquiring an additional 5,131 shares during the last quarter. Finally, Princeton Global Asset Management LLC acquired a new position in Capital One Financial in the fourth quarter valued at $181,000. 87.87% of the stock is owned by institutional investors and hedge funds.
NYSE COF traded down $0.53 during mid-day trading on Friday, hitting $83.21. The stock had a trading volume of 1,744,285 shares, compared to its average volume of 2,917,343. Capital One Financial has a 52-week low of $69.90 and a 52-week high of $101.26. The company has a market capitalization of $39.18 billion, a P/E ratio of 7.65, a PEG ratio of 0.90 and a beta of 1.26. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.02 and a quick ratio of 1.01.
The business also recently declared a quarterly dividend, which was paid on Friday, February 22nd. Shareholders of record on Monday, February 11th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.92%. The ex-dividend date was Friday, February 8th. Capital One Financial’s payout ratio is 14.71%.
Capital One Financial Company Profile
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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