Discover Financial Services (DFS) Expected to Announce Quarterly Earnings on Wednesday

Discover Financial Services (NYSE:DFS) is expected to announce its earnings results after the market closes on Wednesday, January 22nd. Analysts expect the company to announce earnings of $3.13 per share and revenue of $4,401,991.72 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Discover Financial Services Trading Up 1.2 %

Shares of Discover Financial Services stock opened at $187.17 on Tuesday. The company’s fifty day moving average is $176.94 and its two-hundred day moving average is $152.55. Discover Financial Services has a 1 year low of $96.46 and a 1 year high of $189.27. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.10. The company has a market capitalization of $47.04 billion, a P/E ratio of 15.11, a PEG ratio of 0.99 and a beta of 1.46.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their target price on Discover Financial Services from $150.00 to $146.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods boosted their price target on shares of Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Barclays raised Discover Financial Services from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $137.00 to $186.00 in a report on Monday, January 6th. Evercore ISI raised their price target on Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada upped their price objective on Discover Financial Services from $148.00 to $161.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Discover Financial Services presently has an average rating of “Moderate Buy” and an average price target of $171.71.

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; 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.