Trade Report: The Capital One Financial Corp. Forecasted to Post Q3 2016 Earnings of $1.91 Per Share (COF)

The Capital One Financial Corp. Forecasted to Post Q3 2016 Earnings of $1.91 Per Share (COF)

Capital One Financial Corp. (NYSE:COF) – Research analysts at Wedbush issued their Q3 2016 earnings per share estimates for Capital One Financial Corp. in a report released on Monday. Wedbush analyst H. Coffey expects that the firm will post earnings of $1.91 per share for the quarter. Wedbush has a “Neutral” rating and a $78.00 price target on the stock. Wedbush also issued estimates for Capital One Financial Corp.’s Q4 2016 earnings at $1.63 EPS, Q1 2017 earnings at $2.02 EPS, Q2 2017 earnings at $1.86 EPS, Q3 2017 earnings at $2.06 EPS, Q4 2017 earnings at $1.91 EPS and FY2017 earnings at $7.85 EPS.

COF has been the topic of a number of other research reports. Wells Fargo & Co. restated a “hold” rating on shares of Capital One Financial Corp. in a report on Saturday, July 9th. BMO Capital Markets restated a “buy” rating and issued a $108.00 price objective on shares of Capital One Financial Corp. in a report on Tuesday, July 5th. Morgan Stanley restated a “buy” rating and issued a $83.00 price objective on shares of Capital One Financial Corp. in a report on Wednesday, August 17th. Oppenheimer Holdings Inc. reaffirmed an “underperform” rating and issued a $59.00 target price on shares of Capital One Financial Corp. in a research note on Thursday, August 25th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $87.00 target price on shares of Capital One Financial Corp. in a research note on Sunday, July 10th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $78.98.

Capital One Financial Corp. (NYSE:COF) traded down 1.14% during mid-day trading on Thursday, reaching $71.24. 1,898,805 shares of the company were exchanged. The stock’s 50-day moving average price is $71.38 and its 200-day moving average price is $69.36. The stock has a market capitalization of $36.45 billion, a price-to-earnings ratio of 10.06 and a beta of 1.28. Capital One Financial Corp. has a 1-year low of $58.03 and a 1-year high of $81.62.

Capital One Financial Corp. (NYSE:COF) last released its quarterly earnings data on Thursday, July 21st. The financial services provider reported $1.69 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.86 by $0.17. Capital One Financial Corp. had a return on equity of 8.56% and a net margin of 15.38%. The business earned $6.30 billion during the quarter, compared to analysts’ expectations of $6.28 billion.

A number of large investors have recently bought and sold shares of the company. Wellington Management Group LLP raised its position in Capital One Financial Corp. by 191.1% in the first quarter. Wellington Management Group LLP now owns 3,745,286 shares of the financial services provider’s stock valued at $259,586,000 after buying an additional 2,458,482 shares during the period. Emerald Acquisition Ltd. purchased a new position in Capital One Financial Corp. during the second quarter valued at approximately $135,041,000. Barrow Hanley Mewhinney & Strauss LLC raised its position in Capital One Financial Corp. by 9.8% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 19,814,087 shares of the financial services provider’s stock valued at $1,258,393,000 after buying an additional 1,763,210 shares during the period. Fisher Asset Management LLC raised its position in Capital One Financial Corp. by 607.9% in the third quarter. Fisher Asset Management LLC now owns 1,383,441 shares of the financial services provider’s stock valued at $99,373,000 after buying an additional 1,188,001 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Capital One Financial Corp. by 11.9% in the second quarter. Bank of New York Mellon Corp now owns 9,231,164 shares of the financial services provider’s stock valued at $586,272,000 after buying an additional 980,836 shares during the period. Hedge funds and other institutional investors own 87.75% of the company’s stock.

About Capital One Financial Corp.

Related posts

Leave a Comment