Capital One Financial (NYSE:COF) Announces Quarterly Earnings Results

Capital One Financial Co. (NYSE:COF) announced its quarterly earnings data on Thursday. The financial services provider reported $3.21 EPS for the quarter, missing the consensus estimate of $3.25 by ($0.04), Briefing.com reports. Capital One Financial had a net margin of 9.88% and a return on equity of 9.24%. The business had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.35 billion. During the same quarter in the previous year, the firm posted $2.31 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis.

Capital One Financial Stock Performance

COF traded up $0.24 during midday trading on Friday, reaching $146.21. The company’s stock had a trading volume of 4,328,458 shares, compared to its average volume of 2,730,335. The stock has a market cap of $55.62 billion, a P/E ratio of 12.27, a PEG ratio of 1.07 and a beta of 1.48. The company has a fifty day simple moving average of $140.29 and a 200 day simple moving average of $125.58. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.85. Capital One Financial Co. has a twelve month low of $83.93 and a twelve month high of $149.94.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, February 9th. Capital One Financial’s payout ratio is 20.08%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on COF. Barclays upped their target price on shares of Capital One Financial from $114.00 to $154.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Piper Sandler upped their target price on shares of Capital One Financial from $126.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, February 23rd. Wells Fargo & Company increased their price target on shares of Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. UBS Group increased their price target on shares of Capital One Financial from $132.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. Finally, Evercore ISI upped their target price on shares of Capital One Financial from $142.00 to $155.00 and gave the stock an “in-line” rating in a research note on Thursday, March 28th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Capital One Financial has a consensus rating of “Hold” and an average price target of $137.05.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of 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.