$6.98 Billion in Sales Expected for Capital One Financial Corp. (COF) This Quarter

Wall Street brokerages predict that Capital One Financial Corp. (NYSE:COF) will report $6.98 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Capital One Financial’s earnings, with the highest sales estimate coming in at $7.08 billion and the lowest estimate coming in at $6.92 billion. Capital One Financial reported sales of $6.91 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 1%. The company is scheduled to report its next earnings results after the market closes on Thursday, April 25th.

On average, analysts expect that Capital One Financial will report full-year sales of $28.81 billion for the current fiscal year, with estimates ranging from $28.30 billion to $29.33 billion. For the next financial year, analysts expect that the company will report sales of $30.46 billion, with estimates ranging from $29.18 billion to $31.22 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Capital One Financial.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $1.87 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.41 by ($0.54). Capital One Financial had a net margin of 18.58% and a return on equity of 11.05%. The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same period in the previous year, the business posted $1.59 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year.

A number of brokerages recently issued reports on COF. Wells Fargo & Co decreased their price target on shares of Capital One Financial from $103.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, January 3rd. Barclays decreased their price target on shares of Capital One Financial from $125.00 to $114.00 and set an “overweight” rating for the company in a research note on Wednesday, January 2nd. Nomura decreased their price target on shares of Capital One Financial to $90.00 and set a “neutral” rating for the company in a research note on Wednesday, January 23rd. Zacks Investment Research upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research note on Tuesday, January 8th. Finally, William Blair reiterated a “market perform” rating on shares of Capital One Financial in a research note on Wednesday, January 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $104.00.

NYSE COF opened at $81.69 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 1.13. Capital One Financial has a one year low of $69.90 and a one year high of $101.26. The company has a market capitalization of $38.34 billion, a PE ratio of 7.52, a price-to-earnings-growth ratio of 0.82 and a beta of 1.26.

In other Capital One Financial news, insider Kleber Santos sold 3,570 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $82.49, for a total transaction of $294,489.30. Following the sale, the insider now owns 19,454 shares of the company’s stock, valued at $1,604,760.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.43% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Cerebellum GP LLC increased its holdings in shares of Capital One Financial by 6.8% in the 4th quarter. Cerebellum GP LLC now owns 2,037 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 130 shares during the period. Van ECK Associates Corp increased its holdings in shares of Capital One Financial by 2.0% in the 4th quarter. Van ECK Associates Corp now owns 6,868 shares of the financial services provider’s stock valued at $519,000 after acquiring an additional 132 shares during the period. Investment Counselors of Maryland LLC increased its holdings in shares of Capital One Financial by 0.7% in the 4th quarter. Investment Counselors of Maryland LLC now owns 22,824 shares of the financial services provider’s stock valued at $1,725,000 after acquiring an additional 150 shares during the period. Sky Investment Group LLC increased its holdings in shares of Capital One Financial by 4.6% in the 4th quarter. Sky Investment Group LLC now owns 3,746 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 166 shares during the period. Finally, Reliance Trust Co. of Delaware increased its holdings in shares of Capital One Financial by 2.2% in the 4th quarter. Reliance Trust Co. of Delaware now owns 8,087 shares of the financial services provider’s stock valued at $611,000 after acquiring an additional 177 shares during the period. 89.41% of the stock is currently owned by institutional investors.

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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