Capital One Financial (NYSE:COF) Posts Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Capital One Financial Co. (NYSE:COF) announced its earnings results on Tuesday. The financial services provider reported $3.14 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.14), Briefing.com reports. The business had revenue of $9.51 billion for the quarter, compared to the consensus estimate of $9.57 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.37%. Capital One Financial’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.52 EPS.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $146.41 on Thursday. The stock has a market capitalization of $55.67 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of 1.14 and a beta of 1.45. The firm’s 50-day moving average price is $139.05 and its two-hundred day moving average price is $138.59. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.86. Capital One Financial Co. has a 1-year low of $88.23 and a 1-year high of $153.35.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.64%. The ex-dividend date was Friday, May 10th. Capital One Financial’s dividend payout ratio is currently 18.79%.

Insider Activity

In related news, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the sale, the insider now directly owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Timothy P. Golden sold 8,656 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the sale, the insider now directly owns 10,246 shares of the company’s stock, valued at $1,475,833.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert M. Alexander sold 30,742 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the transaction, the insider now owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,311 shares of company stock worth $8,274,640. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wolfe Research raised Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price objective for the company in a research report on Thursday, April 4th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $159.00 price target on shares of Capital One Financial in a research report on Wednesday, March 27th. Jefferies Financial Group upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $145.00 to $165.00 in a report on Thursday, June 6th. BTIG Research initiated coverage on shares of Capital One Financial in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Finally, Bank of America boosted their price target on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Capital One Financial has a consensus rating of “Hold” and a consensus price target of $145.89.

Capital One Financial Company Profile

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.