Capital One Financial Corp. (NYSE:COF) Expected to Post Quarterly Sales of $7.39 Billion

Wall Street brokerages predict that Capital One Financial Corp. (NYSE:COF) will announce $7.39 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Capital One Financial’s earnings, with the lowest sales estimate coming in at $7.18 billion and the highest estimate coming in at $7.59 billion. Capital One Financial reported sales of $7.01 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.4%. The firm is expected to report its next earnings results on Tuesday, January 28th.

According to Zacks, analysts expect that Capital One Financial will report full-year sales of $28.57 billion for the current fiscal year, with estimates ranging from $28.34 billion to $28.76 billion. For the next year, analysts forecast that the firm will report sales of $29.85 billion, with estimates ranging from $29.08 billion to $30.31 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Capital One Financial.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $3.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.87 by $0.45. The business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $7.19 billion. Capital One Financial had a net margin of 16.84% and a return on equity of 10.40%. The company’s revenue was up .0% compared to the same quarter last year. During the same period last year, the firm posted $3.12 earnings per share.

Several equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Capital One Financial from a “buy” rating to a “hold” rating and set a $101.00 price objective on the stock. in a report on Wednesday, October 30th. Citigroup decreased their price objective on shares of Capital One Financial from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. BMO Capital Markets increased their price objective on shares of Capital One Financial from $141.00 to $153.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Morgan Stanley reaffirmed a “hold” rating and set a $104.00 price objective on shares of Capital One Financial in a report on Tuesday, October 29th. Finally, Piper Jaffray Companies decreased their price objective on shares of Capital One Financial from $111.00 to $107.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. Capital One Financial has a consensus rating of “Hold” and an average target price of $105.14.

In other news, insider Jory A. Berson sold 42,764 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $99.89, for a total value of $4,271,695.96. Following the completion of the sale, the insider now directly owns 93,463 shares in the company, valued at $9,336,019.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bradford H. Warner sold 3,777 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $91.68, for a total transaction of $346,275.36. Following the completion of the sale, the director now owns 43,207 shares of the company’s stock, valued at $3,961,217.76. The disclosure for this sale can be found here. Insiders sold 219,074 shares of company stock valued at $21,629,182 over the last quarter. Company insiders own 1.43% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in COF. Next Capital Management LLC acquired a new stake in shares of Capital One Financial during the second quarter valued at about $25,000. Resources Management Corp CT ADV acquired a new stake in shares of Capital One Financial during the third quarter valued at about $27,000. Coastal Capital Group Inc. acquired a new stake in shares of Capital One Financial during the second quarter valued at about $39,000. Camarda Financial Advisors LLC increased its position in shares of Capital One Financial by 318.9% during the second quarter. Camarda Financial Advisors LLC now owns 444 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 338 shares during the last quarter. Finally, KCS Wealth Advisory acquired a new stake in shares of Capital One Financial during the third quarter valued at about $45,000. Hedge funds and other institutional investors own 89.00% of the company’s stock.

COF traded up $0.34 during midday trading on Friday, hitting $104.37. 1,858,514 shares of the company traded hands, compared to its average volume of 2,008,591. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $48.45 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 1.09 and a beta of 1.29. Capital One Financial has a 52-week low of $69.90 and a 52-week high of $104.95. The business has a 50 day simple moving average of $97.86 and a two-hundred day simple moving average of $91.76.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Tuesday, November 12th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Friday, November 8th. Capital One Financial’s dividend payout ratio (DPR) is 14.71%.

About Capital One Financial

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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