Brokers Set Expectations for Capital One Financial Corp.’s Q3 2018 Earnings (NYSE:COF)

Capital One Financial Corp. (NYSE:COF) – Equities research analysts at Oppenheimer cut their Q3 2018 EPS estimates for Capital One Financial in a research report issued to clients and investors on Tuesday, October 16th, Zacks Investment Research reports. Oppenheimer analyst D. Gabriele now forecasts that the financial services provider will post earnings of $2.93 per share for the quarter, down from their prior estimate of $3.12. Oppenheimer currently has a “Buy” rating and a $101.00 target price on the stock. Oppenheimer also issued estimates for Capital One Financial’s Q4 2018 earnings at $2.31 EPS and FY2019 earnings at $11.50 EPS.

A number of other equities analysts also recently commented on COF. Zacks Investment Research raised shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a report on Friday, October 26th. Citigroup reduced their price objective on shares of Capital One Financial from $110.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, November 1st. Nomura reduced their price objective on shares of Capital One Financial from $109.00 to $98.00 and set a “neutral” rating for the company in a report on Wednesday, October 24th. Wells Fargo & Co reduced their price objective on shares of Capital One Financial from $110.00 to $103.00 and set an “outperform” rating for the company in a report on Wednesday, October 24th. Finally, BMO Capital Markets raised their price objective on shares of Capital One Financial from $126.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $109.33.

Capital One Financial stock traded down $0.46 during mid-day trading on Thursday, reaching $90.40. The company had a trading volume of 1,755,389 shares, compared to its average volume of 3,395,732. The company has a market cap of $42.88 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 0.73 and a beta of 1.27. Capital One Financial has a 52 week low of $84.94 and a 52 week high of $106.50. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.99 and a quick ratio of 0.99.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $3.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $0.23. Capital One Financial had a net margin of 11.84% and a return on equity of 11.01%. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.88 billion. During the same period in the prior year, the firm earned $2.42 EPS. The business’s revenue was down .3% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 23rd. Investors of record on Monday, November 12th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Thursday, November 8th. Capital One Financial’s dividend payout ratio (DPR) is currently 20.54%.

Several institutional investors have recently made changes to their positions in the stock. Mutual of America Capital Management LLC increased its position in Capital One Financial by 0.8% in the 2nd quarter. Mutual of America Capital Management LLC now owns 62,630 shares of the financial services provider’s stock valued at $5,756,000 after acquiring an additional 515 shares in the last quarter. Private Trust Co. NA increased its position in Capital One Financial by 22.0% in the 2nd quarter. Private Trust Co. NA now owns 3,190 shares of the financial services provider’s stock valued at $293,000 after acquiring an additional 575 shares in the last quarter. River Wealth Advisors LLC increased its position in Capital One Financial by 4.5% in the 3rd quarter. River Wealth Advisors LLC now owns 13,414 shares of the financial services provider’s stock valued at $1,273,000 after acquiring an additional 575 shares in the last quarter. SRS Capital Advisors Inc. increased its position in Capital One Financial by 29.2% in the 2nd quarter. SRS Capital Advisors Inc. now owns 2,667 shares of the financial services provider’s stock valued at $245,000 after acquiring an additional 602 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in Capital One Financial by 9.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,919 shares of the financial services provider’s stock valued at $657,000 after acquiring an additional 615 shares in the last quarter. Institutional investors and hedge funds own 88.50% of the company’s stock.

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

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