Research Analysts Issue Forecasts for Capital One Financial Co.’s Q3 2022 Earnings (NYSE:COF)

Capital One Financial Co. (NYSE:COFGet Rating) – Analysts at Jefferies Financial Group boosted their Q3 2022 EPS estimates for shares of Capital One Financial in a research report issued to clients and investors on Tuesday, April 26th. Jefferies Financial Group analyst J. Hecht now forecasts that the financial services provider will post earnings of $4.78 per share for the quarter, up from their previous forecast of $4.47.

A number of other equities research analysts also recently issued reports on COF. Citigroup increased their price target on Capital One Financial from $185.00 to $189.00 and gave the stock a “buy” rating in a research report on Thursday, March 24th. Deutsche Bank Aktiengesellschaft reduced their price target on Capital One Financial from $194.00 to $192.00 in a research report on Tuesday, January 11th. Stephens reduced their price target on Capital One Financial from $210.00 to $205.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 26th. Piper Sandler downgraded Capital One Financial from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $164.00 to $143.00 in a research report on Wednesday. Finally, Wells Fargo & Company reduced their target price on Capital One Financial from $180.00 to $165.00 and set an “overweight” rating on the stock in a report on Wednesday, April 6th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Capital One Financial presently has a consensus rating of “Buy” and an average price target of $173.70.

Shares of NYSE COF opened at $124.35 on Thursday. The firm has a market cap of $51.19 billion, a P/E ratio of 4.63, a price-to-earnings-growth ratio of 0.42 and a beta of 1.51. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.69. Capital One Financial has a 1-year low of $119.88 and a 1-year high of $177.95. The business’s 50 day moving average is $136.58 and its 200-day moving average is $147.29.

Capital One Financial (NYSE:COFGet Rating) last announced its earnings results on Tuesday, April 26th. The financial services provider reported $5.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $5.44 by $0.18. The company had revenue of $8.17 billion for the quarter, compared to analyst estimates of $8.02 billion. Capital One Financial had a return on equity of 19.77% and a net margin of 38.68%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the company earned $7.03 earnings per share.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 25th. Shareholders of record on Monday, February 14th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Friday, February 11th. Capital One Financial’s dividend payout ratio (DPR) is 8.94%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Peddock Capital Advisors LLC grew its holdings in Capital One Financial by 0.6% during the third quarter. Peddock Capital Advisors LLC now owns 11,304 shares of the financial services provider’s stock valued at $1,831,000 after purchasing an additional 64 shares during the period. D Orazio & Associates Inc. lifted its position in shares of Capital One Financial by 32.1% during the third quarter. D Orazio & Associates Inc. now owns 276 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 67 shares in the last quarter. Fieldpoint Private Securities LLC lifted its position in shares of Capital One Financial by 43.2% during the fourth quarter. Fieldpoint Private Securities LLC now owns 265 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 80 shares in the last quarter. Parsons Capital Management Inc. RI lifted its position in shares of Capital One Financial by 1.9% during the third quarter. Parsons Capital Management Inc. RI now owns 4,462 shares of the financial services provider’s stock worth $723,000 after acquiring an additional 85 shares in the last quarter. Finally, TruWealth Advisors LLC lifted its position in shares of Capital One Financial by 4.7% during the first quarter. TruWealth Advisors LLC now owns 1,896 shares of the financial services provider’s stock worth $249,000 after acquiring an additional 85 shares in the last quarter. 88.94% of the stock is owned by institutional investors and hedge funds.

About Capital One Financial (Get Rating)

Capital One Financial Corporation operates as the financial services 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, Canada, and the United Kingdom. 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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