Capital One Financial (NYSE:COF) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Capital One Financial Co. (NYSE:COF) posted its quarterly earnings results on Thursday. The financial services provider reported $3.21 EPS for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.04), Briefing.com reports. Capital One Financial had a return on equity of 9.24% and a net margin of 9.88%. The company had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $9.35 billion. During the same period last year, the firm posted $2.31 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year.

Capital One Financial Price Performance

COF stock opened at $146.20 on Friday. The firm has a 50 day simple moving average of $140.47 and a two-hundred day simple moving average of $125.94. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $55.61 billion, a PE ratio of 12.23, a P/E/G ratio of 1.07 and a beta of 1.48. Capital One Financial Co. has a one year low of $83.93 and a one year high of $149.94.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 12th were given a dividend of $0.60 per share. The ex-dividend date was Friday, February 9th. This represents a $2.40 annualized dividend and a yield of 1.64%. Capital One Financial’s payout ratio is presently 20.08%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on COF. UBS Group boosted their target price on Capital One Financial from $132.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. boosted their price objective on Capital One Financial from $134.00 to $152.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Evercore ISI increased their target price on shares of Capital One Financial from $142.00 to $155.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. Citigroup lifted their target price on shares of Capital One Financial from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $159.00 price target on shares of Capital One Financial in a research note on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Capital One Financial presently has a consensus rating of “Hold” and an average target price of $137.05.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.