Brokerages Anticipate Discover Financial Services (DFS) to Announce $1.83 EPS

Analysts expect Discover Financial Services (NYSE:DFS) to announce earnings of $1.83 per share for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Discover Financial Services’ earnings. The lowest EPS estimate is $1.60 and the highest is $1.93. Discover Financial Services posted earnings of $1.43 per share in the same quarter last year, which would suggest a positive year over year growth rate of 28%. The firm is expected to report its next earnings report on Tuesday, April 24th.

On average, analysts expect that Discover Financial Services will report full-year earnings of $7.58 per share for the current financial year, with EPS estimates ranging from $6.43 to $8.20. For the next financial year, analysts expect that the firm will post earnings of $8.52 per share, with EPS estimates ranging from $8.10 to $9.00. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Discover Financial Services.

A number of analysts have weighed in on DFS shares. Wells Fargo & Co started coverage on Discover Financial Services in a research note on Tuesday, October 10th. They issued a “market perform” rating and a $69.00 price target on the stock. Zacks Investment Research cut Discover Financial Services from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Oppenheimer set a $71.00 price target on Discover Financial Services and gave the company a “buy” rating in a research note on Tuesday, October 24th. Compass Point cut Discover Financial Services from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 25th. Finally, Nomura cut their price target on Discover Financial Services from $81.00 to $79.00 and set a “buy” rating on the stock in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $85.61.

In related news, COO Roger C. Hochschild sold 15,258 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $70.54, for a total transaction of $1,076,299.32. Following the transaction, the chief operating officer now owns 751,682 shares of the company’s stock, valued at $53,023,648.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard H. Lenny sold 4,520 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $79.89, for a total value of $361,102.80. Following the transaction, the director now directly owns 21,812 shares in the company, valued at approximately $1,742,560.68. The disclosure for this sale can be found here. In the last three months, insiders have purchased 55,000 shares of company stock worth $16,300 and have sold 170,971 shares worth $12,958,080. Company insiders own 0.96% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. M&R Capital Management Inc. grew its holdings in shares of Discover Financial Services by 1.1% during the second quarter. M&R Capital Management Inc. now owns 6,595 shares of the financial services provider’s stock worth $393,000 after buying an additional 70 shares during the last quarter. Peapack Gladstone Financial Corp grew its holdings in shares of Discover Financial Services by 1.8% during the second quarter. Peapack Gladstone Financial Corp now owns 5,944 shares of the financial services provider’s stock worth $370,000 after buying an additional 107 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in Discover Financial Services by 4.7% in the 2nd quarter. Moors & Cabot Inc. now owns 4,364 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 196 shares in the last quarter. Advisory Services Network LLC boosted its holdings in Discover Financial Services by 8.5% in the 2nd quarter. Advisory Services Network LLC now owns 2,911 shares of the financial services provider’s stock valued at $181,000 after purchasing an additional 229 shares in the last quarter. Finally, National Asset Management Inc. boosted its holdings in Discover Financial Services by 5.3% in the 2nd quarter. National Asset Management Inc. now owns 4,614 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 231 shares in the last quarter. 84.59% of the stock is currently owned by hedge funds and other institutional investors.

Discover Financial Services (NYSE:DFS) traded down $1.65 during trading on Friday, reaching $78.97. The company’s stock had a trading volume of 2,163,672 shares, compared to its average volume of 2,181,191. Discover Financial Services has a one year low of $57.50 and a one year high of $81.93. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.08. The firm has a market capitalization of $28,696.20, a PE ratio of 14.60, a PEG ratio of 1.30 and a beta of 1.54.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 22nd will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Wednesday, February 21st. Discover Financial Services’s dividend payout ratio is currently 25.88%.

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Discover Financial Services Company Profile

Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.

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Earnings History and Estimates for Discover Financial Services (NYSE:DFS)

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