Discover Financial Services Expected to Post FY2024 Earnings of $10.00 Per Share (NYSE:DFS)

Discover Financial Services (NYSE:DFS) – Equities research analysts at Zacks Research reduced their FY2024 earnings per share (EPS) estimates for Discover Financial Services in a report issued on Wednesday, May 1st. Zacks Research analyst D. Chatterjee now forecasts that the financial services provider will earn $10.00 per share for the year, down from their previous forecast of $10.09. The consensus estimate for Discover Financial Services’ current full-year earnings is $11.48 per share. Zacks Research also issued estimates for Discover Financial Services’ Q4 2025 earnings at $2.87 EPS.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.98 by ($1.88). Discover Financial Services had a net margin of 10.56% and a return on equity of 16.74%. The business had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.07 billion. During the same period last year, the firm earned $3.58 earnings per share.

Several other analysts also recently issued reports on DFS. StockNews.com assumed coverage on shares of Discover Financial Services in a research report on Saturday. They issued a “hold” rating for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $140.00 price target (up previously from $117.00) on shares of Discover Financial Services in a research report on Wednesday, February 21st. Wolfe Research reissued a “peer perform” rating on shares of Discover Financial Services in a report on Wednesday, February 21st. Seaport Res Ptn lowered shares of Discover Financial Services from a “buy” rating to a “neutral” rating in a research note on Friday, March 15th. Finally, Morgan Stanley upgraded Discover Financial Services from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $105.00 to $133.00 in a research note on Thursday, February 8th. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $126.29.

Discover Financial Services Stock Performance

NYSE:DFS opened at $125.06 on Friday. The firm’s fifty day simple moving average is $124.34 and its 200 day simple moving average is $108.25. The company has a current ratio of 1.05, a quick ratio of 1.13 and a debt-to-equity ratio of 1.49. Discover Financial Services has a twelve month low of $79.04 and a twelve month high of $131.65. The firm has a market capitalization of $31.34 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 0.74 and a beta of 1.43.

Institutional Trading of Discover Financial Services

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Partnership Wealth Management LLC purchased a new position in Discover Financial Services during the 4th quarter valued at about $25,000. Bruce G. Allen Investments LLC bought a new position in Discover Financial Services in the 4th quarter worth $28,000. Riverview Trust Co bought a new position in Discover Financial Services in the 1st quarter worth $34,000. MeadowBrook Investment Advisors LLC acquired a new position in Discover Financial Services during the 4th quarter worth $31,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in Discover Financial Services during the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 86.94% of the company’s stock.

Discover Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 23rd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Wednesday, May 22nd. Discover Financial Services’s payout ratio is 31.93%.

Discover Financial Services Company Profile

Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; private student loans, personal loans, home loans, and other consumer lending; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checking accounts, and sweep accounts.