Brokers Issue Forecasts for Capital One’s Q1 2018 Earnings (COF)

Capital One (NYSE:COF) – Analysts at William Blair upped their Q1 2018 earnings per share estimates for Capital One in a report released on Thursday, April 12th, according to Zacks Investment Research. William Blair analyst R. Napoli now anticipates that the financial services provider will post earnings of $2.24 per share for the quarter, up from their prior estimate of $2.15. William Blair also issued estimates for Capital One’s Q2 2018 earnings at $2.36 EPS.

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Capital One (NYSE:COF) last announced its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.23). The firm had revenue of $7 billion for the quarter, compared to the consensus estimate of $7.12 billion. Capital One had a return on equity of 8.36% and a net margin of 6.89%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.45 earnings per share.



A number of other equities analysts have also recently weighed in on COF. Sandler O’Neill set a $113.00 price target on shares of Capital One and gave the stock a “buy” rating in a research report on Tuesday, April 10th. Zacks Investment Research cut shares of Capital One from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. BMO Capital Markets reissued an “outperform” rating and set a $140.00 price target on shares of Capital One in a research report on Wednesday, January 24th. Robert W. Baird reissued a “hold” rating and set a $106.00 price target on shares of Capital One in a research report on Wednesday, January 3rd. Finally, Wells Fargo reduced their price target on shares of Capital One from $117.00 to $109.00 and set an “outperform” rating on the stock in a research report on Thursday, March 29th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $108.18.

Shares of NYSE COF opened at $97.50 on Monday. The firm has a market cap of $47,646.41, a PE ratio of 12.52, a PEG ratio of 0.87 and a beta of 1.31. Capital One has a twelve month low of $76.05 and a twelve month high of $106.50. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.23.

Large investors have recently modified their holdings of the business. Cerebellum GP LLC acquired a new position in shares of Capital One during the 4th quarter worth about $127,000. Delpha Capital Management LLC acquired a new position in shares of Capital One during the 4th quarter worth about $134,000. SeaCrest Wealth Management LLC acquired a new position in shares of Capital One during the 4th quarter worth about $141,000. Captrust Financial Advisors acquired a new position in shares of Capital One during the 4th quarter worth about $162,000. Finally, HBK Sorce Advisory LLC acquired a new position in shares of Capital One during the 4th quarter worth about $203,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

In other Capital One news, insider Kleber Santos sold 1,711 shares of the business’s stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $97.00, for a total transaction of $165,967.00. Following the sale, the insider now directly owns 15,894 shares of the company’s stock, valued at approximately $1,541,718. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bradford H. Warner sold 3,000 shares of the business’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $95.05, for a total transaction of $285,150.00. The disclosure for this sale can be found here. Insiders have sold a total of 575,606 shares of company stock worth $60,316,349 over the last three months. Insiders own 1.40% of the company’s stock.

Capital One declared that its board has authorized a stock repurchase program on Tuesday, December 26th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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Capital One Company Profile

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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Earnings History and Estimates for Capital One (NYSE:COF)

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