What is Zacks Research’s Forecast for COF FY2024 Earnings?

Capital One Financial Co. (NYSE:COF) – Zacks Research increased their FY2024 earnings per share estimates for Capital One Financial in a research report issued to clients and investors on Thursday, November 14th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings of $13.26 per share for the year, up from their previous estimate of $12.82. The consensus estimate for Capital One Financial’s current full-year earnings is $13.54 per share. Zacks Research also issued estimates for Capital One Financial’s Q2 2025 earnings at $3.75 EPS, Q3 2025 earnings at $4.24 EPS, FY2025 earnings at $15.13 EPS and Q2 2026 earnings at $4.48 EPS.

A number of other equities research analysts have also recently commented on COF. The Goldman Sachs Group lifted their price target on shares of Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday. Royal Bank of Canada boosted their target price on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Evercore ISI upped their price target on Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Finally, Robert W. Baird upped their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $160.18.

Capital One Financial Stock Performance

Shares of COF stock opened at $181.00 on Monday. Capital One Financial has a 52 week low of $105.39 and a 52 week high of $198.30. The firm’s 50-day simple moving average is $159.40 and its two-hundred day simple moving average is $146.95. The firm has a market cap of $69.05 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 1.37 and a beta of 1.43. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. During the same period in the previous year, the firm earned $4.45 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th will be issued a $0.60 dividend. The ex-dividend date is Thursday, November 14th. This represents a $2.40 annualized dividend and a dividend yield of 1.33%. Capital One Financial’s payout ratio is currently 22.66%.

Insiders Place Their Bets

In other news, insider Frank G. LapradeIii sold 15,751 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the sale, the insider now owns 44,711 shares in the company, valued at approximately $7,153,760. This trade represents a 26.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kara West sold 721 shares of Capital One Financial stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total transaction of $133,190.33. Following the sale, the insider now directly owns 12,929 shares of the company’s stock, valued at $2,388,374.17. This represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,007 shares of company stock worth $4,982,647 in the last ninety days. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Capital One Financial

Several institutional investors have recently modified their holdings of COF. LRI Investments LLC bought a new position in shares of Capital One Financial during the 1st quarter valued at $25,000. Y.D. More Investments Ltd purchased a new stake in Capital One Financial during the second quarter valued at about $28,000. Hobbs Group Advisors LLC bought a new position in shares of Capital One Financial during the second quarter valued at about $29,000. Unique Wealth Strategies LLC purchased a new position in shares of Capital One Financial in the second quarter worth about $36,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Capital One Financial in the 3rd quarter valued at about $36,000. 89.84% of the stock is currently owned by institutional investors.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.