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

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

Capital One Financial Price Performance

COF traded up $0.24 during trading on Friday, hitting $146.21. 4,328,458 shares of the company traded hands, compared to its average volume of 2,730,335. The company has a market cap of $55.62 billion, a PE ratio of 12.27, a P/E/G ratio of 1.07 and a beta of 1.48. The stock’s 50-day simple moving average is $140.29 and its two-hundred day simple moving average is $125.58. Capital One Financial Co. has a 1 year low of $83.93 and a 1 year high of $149.94. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.85.

Capital One Financial Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Citigroup upped 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. Robert W. Baird downgraded shares of Capital One Financial from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $150.00 to $145.00 in a research report on Monday, January 8th. Wells Fargo & Company increased their price objective on shares of Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Wolfe Research raised shares of Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 target price for the company in a report on Thursday, April 4th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $159.00 target price on shares of Capital One Financial in a report on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, twelve have assigned 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 price target 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.