Capital One Financial Co. (NYSE:COF) Forecasted to Post FY2022 Earnings of $20.70 Per Share

Capital One Financial Co. (NYSE:COFGet Rating) – Equities research analysts at Seaport Res Ptn lowered their FY2022 earnings estimates for shares of Capital One Financial in a research report issued to clients and investors on Tuesday, May 10th. Seaport Res Ptn analyst W. Ryan now forecasts that the financial services provider will earn $20.70 per share for the year, down from their previous forecast of $20.85. Seaport Res Ptn also issued estimates for Capital One Financial’s FY2023 earnings at $19.55 EPS.

Capital One Financial (NYSE:COFGet Rating) last released its earnings results on Tuesday, April 26th. The financial services provider reported $5.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.39 by $0.23. Capital One Financial had a return on equity of 18.66% and a net margin of 34.71%. The firm had revenue of $8.17 billion for the quarter, compared to analysts’ expectations of $8.02 billion. During the same quarter in the previous year, the business posted $7.03 earnings per share. The business’s revenue for the quarter was up 14.9% on a year-over-year basis.

A number of other research firms have also recently issued reports on COF. Edward Jones upgraded Capital One Financial from a “hold” rating to a “buy” rating in a research report on Thursday, January 13th. Citigroup lifted their price target on Capital One Financial from $185.00 to $189.00 and gave the company a “buy” rating in a research note on Thursday, March 24th. Morgan Stanley cut their price target on Capital One Financial from $217.00 to $157.00 and set an “overweight” rating on the stock in a research note on Monday, March 28th. Bank of America cut their price target on Capital One Financial from $185.00 to $167.00 in a research note on Thursday, March 17th. Finally, Stephens cut 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 note on Wednesday, January 26th. Eleven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $173.70.

Capital One Financial stock opened at $119.59 on Thursday. Capital One Financial has a 12-month low of $117.49 and a 12-month high of $177.95. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.79. The business’s 50-day moving average price is $132.17 and its two-hundred day moving average price is $144.43. The stock has a market cap of $49.23 billion, a PE ratio of 4.70, a P/E/G ratio of 0.36 and a beta of 1.44.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Stockholders of record on Monday, May 16th will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, May 13th. This represents a $2.40 annualized dividend and a dividend yield of 2.01%. Capital One Financial’s dividend payout ratio is 9.44%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COF. Keybank National Association OH grew its holdings in Capital One Financial by 32.5% during the third quarter. Keybank National Association OH now owns 2,232 shares of the financial services provider’s stock worth $362,000 after buying an additional 548 shares in the last quarter. Commerce Bank grew its holdings in Capital One Financial by 46.8% during the third quarter. Commerce Bank now owns 12,636 shares of the financial services provider’s stock worth $2,047,000 after buying an additional 4,031 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Capital One Financial by 46.1% during the third quarter. CIBC Asset Management Inc now owns 58,730 shares of the financial services provider’s stock worth $9,512,000 after buying an additional 18,525 shares in the last quarter. Parsons Capital Management Inc. RI grew its holdings in 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 buying an additional 85 shares in the last quarter. Finally, Sawtooth Solutions LLC grew its holdings in Capital One Financial by 21.9% during the third quarter. Sawtooth Solutions LLC now owns 2,374 shares of the financial services provider’s stock worth $385,000 after buying an additional 427 shares in the last quarter. Hedge funds and other institutional investors own 89.31% of the company’s stock.

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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