FY2025 EPS Estimates for Discover Financial Services Reduced by Seaport Res Ptn (NYSE:DFS)

Discover Financial Services (NYSE:DFS) – Equities research analysts at Seaport Res Ptn decreased their FY2025 earnings per share estimates for shares of Discover Financial Services in a note issued to investors on Friday, April 19th. Seaport Res Ptn analyst W. Ryan now expects that the financial services provider will post earnings of $14.75 per share for the year, down from their previous estimate of $14.95. Seaport Res Ptn currently has a “Neutral” rating on the stock. The consensus estimate for Discover Financial Services’ current full-year earnings is $11.34 per share.

Several other equities research analysts also recently weighed in on DFS. Jefferies Financial Group raised their target price on shares of Discover Financial Services from $137.00 to $145.00 and gave the company a “buy” rating in a research note on Friday. StockNews.com began coverage on Discover Financial Services in a research report on Thursday, April 18th. They issued a “hold” rating for the company. Citigroup upped their target price on Discover Financial Services from $127.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. increased their price target on Discover Financial Services from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Finally, HSBC boosted their price target on Discover Financial Services from $107.00 to $144.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Discover Financial Services currently has an average rating of “Hold” and a consensus target price of $126.29.

Discover Financial Services Stock Up 1.1 %

Shares of Discover Financial Services stock opened at $126.69 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.05 and a debt-to-equity ratio of 1.49. The company has a market cap of $31.74 billion, a P/E ratio of 14.45, a PEG ratio of 0.76 and a beta of 1.45. The firm’s 50 day moving average price is $122.34 and its 200-day moving average price is $106.44. Discover Financial Services has a 52-week low of $79.04 and a 52-week high of $131.65.

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

Discover Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Wednesday, May 22nd. Discover Financial Services’s dividend payout ratio (DPR) is currently 31.93%.

Insider Transactions at Discover Financial Services

In other Discover Financial Services news, CFO John Greene sold 35,191 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $106.51, for a total transaction of $3,748,193.41. Following the sale, the chief financial officer now directly owns 18,592 shares of the company’s stock, valued at approximately $1,980,233.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Discover Financial Services

Several hedge funds have recently bought and sold shares of the stock. Boston Partners lifted its stake in shares of Discover Financial Services by 56.5% in the 3rd quarter. Boston Partners now owns 8,597,250 shares of the financial services provider’s stock valued at $743,663,000 after purchasing an additional 3,102,119 shares during the period. Norges Bank acquired a new stake in Discover Financial Services during the fourth quarter valued at $322,199,000. Truist Financial Corp increased its holdings in Discover Financial Services by 239.6% in the fourth quarter. Truist Financial Corp now owns 2,027,686 shares of the financial services provider’s stock valued at $227,912,000 after buying an additional 1,430,637 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Discover Financial Services in the fourth quarter worth about $121,113,000. Finally, Palestra Capital Management LLC purchased a new stake in shares of Discover Financial Services during the 3rd quarter worth about $81,865,000. Hedge funds and other institutional investors own 86.94% of the company’s stock.

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.