Q4 2018 EPS Estimates for Capital One Financial Corp. Raised by Piper Jaffray Companies (COF)

Capital One Financial Corp. (NYSE:COF) – Investment analysts at Piper Jaffray Companies increased their Q4 2018 EPS estimates for shares of Capital One Financial in a research report issued to clients and investors on Tuesday, October 23rd. Piper Jaffray Companies analyst K. Barker now anticipates that the financial services provider will post earnings per share of $2.65 for the quarter, up from their previous estimate of $2.55. Piper Jaffray Companies also issued estimates for Capital One Financial’s Q1 2019 earnings at $2.64 EPS, Q2 2019 earnings at $3.42 EPS, Q3 2019 earnings at $3.35 EPS, Q4 2019 earnings at $2.94 EPS, FY2019 earnings at $12.35 EPS and FY2020 earnings at $13.36 EPS.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $3.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.89 by $0.23. The business had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.88 billion. Capital One Financial had a net margin of 10.73% and a return on equity of 10.44%. The company’s revenue was down .3% on a year-over-year basis. During the same period in the prior year, the business posted $2.42 earnings per share.



A number of other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research report on Friday. Sandler O’Neill upped their price target on shares of Capital One Financial from $113.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Co dropped their price target on shares of Capital One Financial from $110.00 to $103.00 and set an “outperform” rating for the company in a research report on Wednesday. Nomura dropped their price target on shares of Capital One Financial from $109.00 to $98.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. dropped their price target on shares of Capital One Financial from $113.00 to $107.00 and set an “overweight” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company’s stock. Capital One Financial currently has an average rating of “Buy” and an average target price of $109.57.

COF opened at $85.75 on Thursday. The company has a market capitalization of $42.36 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 0.75 and a beta of 1.28. Capital One Financial has a 1-year low of $84.94 and a 1-year high of $106.50. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.98 and a quick ratio of 0.98.

Several hedge funds have recently added to or reduced their stakes in COF. Pzena Investment Management LLC raised its stake in Capital One Financial by 11.5% during the second quarter. Pzena Investment Management LLC now owns 5,437,557 shares of the financial services provider’s stock valued at $499,711,000 after purchasing an additional 559,856 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Capital One Financial by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,392,882 shares of the financial services provider’s stock valued at $403,735,000 after purchasing an additional 46,261 shares in the last quarter. Newport Trust Co raised its stake in Capital One Financial by 1.8% during the second quarter. Newport Trust Co now owns 3,310,335 shares of the financial services provider’s stock valued at $304,220,000 after purchasing an additional 58,408 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Capital One Financial by 10.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 2,676,875 shares of the financial services provider’s stock valued at $246,005,000 after purchasing an additional 250,411 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Capital One Financial by 15.1% during the third quarter. Bank of Montreal Can now owns 2,034,276 shares of the financial services provider’s stock valued at $193,115,000 after purchasing an additional 267,426 shares in the last quarter. 88.40% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Timothy P. Golden sold 4,073 shares of the business’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $95.85, for a total value of $390,397.05. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.40% of the stock is currently owned by insiders.

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

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