$6.97 Billion in Sales Expected for Capital One Financial Corp. (NYSE:COF) This Quarter

Equities analysts expect Capital One Financial Corp. (NYSE:COF) to report $6.97 billion in sales for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Capital One Financial’s earnings. The highest sales estimate is $7.31 billion and the lowest is $6.44 billion. Capital One Financial posted sales of $7.12 billion in the same quarter last year, which suggests a negative year over year growth rate of 2.1%. The business is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, July 21st.

According to Zacks, analysts expect that Capital One Financial will report full year sales of $28.24 billion for the current fiscal year, with estimates ranging from $27.13 billion to $29.40 billion. For the next fiscal year, analysts expect that the business will report sales of $28.45 billion, with estimates ranging from $27.62 billion to $30.33 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Capital One Financial.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported ($3.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.90 by ($5.92). Capital One Financial had a return on equity of 5.73% and a net margin of 8.26%. The business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.34 billion. During the same quarter in the prior year, the firm earned $2.90 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis.

A number of equities research analysts have weighed in on the stock. Oppenheimer decreased their price target on shares of Capital One Financial from $66.00 to $63.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. ValuEngine upgraded shares of Capital One Financial from a “sell” rating to a “hold” rating in a research note on Friday, May 1st. Barclays restated a “buy” rating and issued a $93.00 target price on shares of Capital One Financial in a research note on Thursday, April 9th. UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and boosted their target price for the company from $54.00 to $105.00 in a research note on Monday, June 22nd. Finally, Nomura reduced their target price on shares of Capital One Financial from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Capital One Financial has an average rating of “Buy” and an average target price of $85.18.

In other Capital One Financial news, insider Timothy P. Golden sold 3,334 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $57.63, for a total transaction of $192,138.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.47% of the company’s stock.

Large investors have recently made changes to their positions in the business. Korea Investment CORP increased its stake in shares of Capital One Financial by 0.7% in the 4th quarter. Korea Investment CORP now owns 193,140 shares of the financial services provider’s stock valued at $19,876,000 after acquiring an additional 1,400 shares during the last quarter. RMR Wealth Builders bought a new stake in shares of Capital One Financial in the 4th quarter valued at about $1,183,000. Boston Private Wealth LLC increased its stake in shares of Capital One Financial by 32.0% in the 4th quarter. Boston Private Wealth LLC now owns 11,677 shares of the financial services provider’s stock valued at $1,202,000 after acquiring an additional 2,834 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Capital One Financial by 13.4% in the 4th quarter. AQR Capital Management LLC now owns 2,486,600 shares of the financial services provider’s stock valued at $255,896,000 after acquiring an additional 294,303 shares during the last quarter. Finally, First Allied Advisory Services Inc. increased its stake in shares of Capital One Financial by 7.7% in the 1st quarter. First Allied Advisory Services Inc. now owns 5,086 shares of the financial services provider’s stock valued at $256,000 after acquiring an additional 363 shares during the last quarter. 89.13% of the stock is owned by hedge funds and other institutional investors.

COF opened at $62.38 on Tuesday. Capital One Financial has a fifty-two week low of $38.00 and a fifty-two week high of $107.59. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.02 and a quick ratio of 1.02. The firm’s fifty day moving average price is $66.89 and its two-hundred day moving average price is $78.83. The company has a market capitalization of $27.85 billion, a P/E ratio of 12.28 and a beta of 1.73.

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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