Discover Financial Services (NYSE:DFS) announced its quarterly earnings data on Thursday. The financial services provider reported $1.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.05, Bloomberg Earnings reports. Discover Financial Services had a return on equity of 21.49% and a net margin of 17.95%. The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter last year, the firm earned $1.43 EPS. Discover Financial Services’s revenue for the quarter was up 10.1% compared to the same quarter last year.

Discover Financial Services stock traded up $0.51 on Thursday, reaching $72.37. The company’s stock had a trading volume of 2,550,738 shares, compared to its average volume of 2,244,896. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market cap of $25,861.78, a P/E ratio of 12.10, a P/E/G ratio of 0.71 and a beta of 1.46. Discover Financial Services has a twelve month low of $57.50 and a twelve month high of $81.93.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 7th. Shareholders of record on Thursday, May 24th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Wednesday, May 23rd. Discover Financial Services’s dividend payout ratio is currently 23.41%.

DFS has been the topic of several recent analyst reports. Argus raised Discover Financial Services from an “average” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Friday, January 26th. Instinet decreased their price target on Discover Financial Services from $96.00 to $94.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Zacks Investment Research raised Discover Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday, April 4th. Morgan Stanley boosted their price target on Discover Financial Services from $79.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Finally, Wells Fargo decreased their price target on Discover Financial Services from $84.00 to $76.00 and set a “market perform” rating on the stock in a research note on Thursday, March 29th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Discover Financial Services currently has an average rating of “Buy” and an average price target of $84.65.

In other Discover Financial Services news, SVP Daniel Peter Capozzi sold 5,000 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $79.97, for a total value of $399,850.00. Following the transaction, the senior vice president now owns 23,977 shares of the company’s stock, valued at $1,917,440.69. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Edward W. Mcgrogan sold 2,435 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $81.63, for a total value of $198,769.05. Following the sale, the senior vice president now owns 12,033 shares of the company’s stock, valued at approximately $982,253.79. The disclosure for this sale can be found here. In the last three months, insiders acquired 29,000 shares of company stock worth $8,670 and sold 253,675 shares worth $19,571,644. 0.81% of the stock is currently owned by insiders.

About Discover Financial Services

Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.

Earnings History for Discover Financial Services (NYSE:DFS)

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