News articles about Discover Financial Services (NYSE:DFS) have trended somewhat positive on Saturday, Accern reports. The research group ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Discover Financial Services earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 45.853147813891 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment’s rankings:
- Discover Financial Services (DFS) Declares $0.35 Quarterly Dividend; 1.9% Yield (streetinsider.com)
- Discover Financial Services Declares Quarterly Dividend for Common Stock (finance.yahoo.com)
- A Look at Discover’s Direct Banking Segment (finance.yahoo.com)
- What’s Expected from Discover Financial in 1Q18? (finance.yahoo.com)
- Discover Financial Services (DFS) to Release Quarterly Earnings on Thursday (americanbankingnews.com)
A number of equities analysts have weighed in on DFS shares. Wells Fargo reiterated a “market perform” rating and issued a $83.00 price target (up from $69.00) on shares of Discover Financial Services in a research report on Tuesday, January 9th. Royal Bank of Canada reissued a “buy” rating and issued a $107.00 target price on shares of Discover Financial Services in a report on Tuesday, January 9th. Oppenheimer boosted their target price on shares of Discover Financial Services from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Zacks Investment Research raised shares of Discover Financial Services from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Tuesday, January 2nd. Finally, Credit Suisse Group boosted their target price on shares of Discover Financial Services from $91.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $84.65.
Discover Financial Services (NYSE:DFS) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.02. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $1.85 billion. Discover Financial Services had a net margin of 17.95% and a return on equity of 21.49%. equities research analysts anticipate that Discover Financial Services will post 7.64 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 7th. Investors of record on Thursday, May 24th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.91%. Discover Financial Services’s payout ratio is 23.41%.
In other news, EVP Diane E. Offereins sold 15,000 shares of the stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $69.74, for a total value of $1,046,100.00. Following the sale, the executive vice president now owns 115,701 shares of the company’s stock, valued at $8,068,987.74. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Roger C. Hochschild sold 15,258 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $80.28, for a total transaction of $1,224,912.24. Following the completion of the sale, the chief operating officer now directly owns 742,761 shares in the company, valued at approximately $59,628,853.08. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 29,000 shares of company stock worth $8,670 and have sold 253,675 shares worth $19,571,644. 0.81% of the stock is owned by corporate insiders.
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Discover Financial Services Company Profile
Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.
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