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.

Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded Capital One Financial from a “buy” rating to a “hold” rating in a research note on Monday, November 19th. William Blair reaffirmed a “market perform” rating on shares of Capital One Financial in a research note on Wednesday, January 16th. Oppenheimer reaffirmed a “market perform” rating on shares of Capital One Financial in a research note on Wednesday, January 23rd. Credit Suisse Group dropped their price objective on Capital One Financial from $109.00 to $102.00 and set a “positive” rating for the company in a research note on Wednesday, January 23rd. Finally, Robert W. Baird raised Capital One Financial from a “neutral” rating to an “outperform” rating and set a $101.00 price objective for the company in a research note on Monday, December 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $104.00.

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.

Recommended Story: What are economic reports?

Get a free copy of the Zacks research report on Capital One Financial (COF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Capital One Financial (NYSE:COF)

Receive News & Ratings for Capital One Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial and related companies with MarketBeat.com's FREE daily email newsletter.