Research Analysts Offer Predictions for Capital One Financial Co.’s Q2 2023 Earnings (NYSE:COF)

Capital One Financial Co. (NYSE:COF – Get Rating) – Stock analysts at Seaport Res Ptn upped their Q2 2023 earnings per share (EPS) estimates for Capital One Financial in a research note issued to investors on Monday, May 22nd. Seaport Res Ptn analyst W. Ryan now anticipates that the financial services provider will post earnings per share of $3.39 for the quarter, up from their previous estimate of $3.08. The consensus estimate for Capital One Financial’s current full-year earnings is $12.06 per share. Seaport Res Ptn also issued estimates for Capital One Financial’s Q3 2023 earnings at $3.32 EPS, FY2023 earnings at $17.84 EPS and FY2024 earnings at $12.15 EPS.

A number of other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Capital One Financial from $120.00 to $104.00 and set an “overweight” rating on the stock in a report on Monday, April 17th. Bank of America dropped their price objective on shares of Capital One Financial from $122.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 11th. Credit Suisse Group dropped their price objective on shares of Capital One Financial from $112.00 to $108.00 in a research note on Friday, April 28th. BMO Capital Markets dropped their price objective on shares of Capital One Financial from $131.00 to $121.00 in a research note on Friday, April 28th. Finally, StockNews.com assumed coverage on shares of Capital One Financial in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Capital One Financial presently has a consensus rating of “Hold” and a consensus price target of $114.78.

Capital One Financial Stock Down 2.6 %

Capital One Financial stock opened at $99.49 on Wednesday. The company has a market capitalization of $37.99 billion, a P/E ratio of 6.86, a PEG ratio of 1.36 and a beta of 1.47. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.98 and a current ratio of 0.98. Capital One Financial has a fifty-two week low of $83.93 and a fifty-two week high of $128.95. The stock has a 50-day simple moving average of $93.80 and a 200-day simple moving average of $99.98.

Capital One Financial (NYSE:COF – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.80 by ($1.49). Capital One Financial had a net margin of 14.33% and a return on equity of 10.90%. The company had revenue of $8.90 billion during the quarter, compared to analyst estimates of $9.07 billion. During the same quarter in the previous year, the business posted $5.62 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 26th. Stockholders of record on Monday, May 15th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, May 12th. This represents a $2.40 annualized dividend and a dividend yield of 2.41%. Capital One Financial’s payout ratio is currently 16.55%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Berkshire Hathaway Inc purchased a new position in Capital One Financial in the first quarter valued at approximately $954,100,000. Norges Bank purchased a new position in Capital One Financial in the fourth quarter valued at approximately $318,480,000. Clearbridge Investments LLC raised its holdings in Capital One Financial by 536.7% in the first quarter. Clearbridge Investments LLC now owns 2,398,647 shares of the financial services provider’s stock valued at $230,654,000 after buying an additional 2,021,932 shares during the period. Franklin Resources Inc. raised its holdings in Capital One Financial by 147.0% in the first quarter. Franklin Resources Inc. now owns 3,108,747 shares of the financial services provider’s stock valued at $298,937,000 after buying an additional 1,850,162 shares during the period. Finally, First Trust Advisors LP grew its position in Capital One Financial by 603.3% in the first quarter. First Trust Advisors LP now owns 1,731,554 shares of the financial services provider’s stock valued at $227,336,000 after acquiring an additional 1,485,339 shares in the last quarter. 88.30% of the stock is currently owned by hedge funds and other institutional investors.

About Capital One Financial

(Get Rating)

Capital One Financial Corp. operates as a financial holding company. The firm engages in the provision of financial products and services. It operates through the following segments: Credit Card, Consumer Banking and Commercial Banking. The Credit Card segment includes domestic consumer and small business card lending, and international card lending businesses.