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

Discover Financial Services (NYSE:DFS) is projected to issue its Q1 2025 quarterly earnings data after the market closes on Wednesday, April 23rd. Analysts expect Discover Financial Services to post earnings of $3.33 per share and revenue of $4.25 billion for the quarter.

Discover Financial Services (NYSE:DFS) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share for the quarter, topping analysts’ consensus estimates of $3.13 by $1.98. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. On average, analysts expect Discover Financial Services to post $14 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Discover Financial Services Price Performance

NYSE:DFS opened at $165.78 on Tuesday. Discover Financial Services has a one year low of $119.95 and a one year high of $205.76. The stock has a market cap of $41.71 billion, a PE ratio of 10.39, a P/E/G ratio of 1.51 and a beta of 1.20. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. The stock has a 50 day moving average price of $170.97 and a 200 day moving average price of $172.98.

Discover Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services’s payout ratio is currently 17.54%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Discover Financial Services stock. Brighton Jones LLC boosted its holdings in shares of Discover Financial Services (NYSE:DFS) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,378 shares of the financial services provider’s stock after buying an additional 125 shares during the quarter. Brighton Jones LLC’s holdings in Discover Financial Services were worth $758,000 as of its most recent SEC filing. Institutional investors own 86.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Barclays upped their price objective on shares of Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, January 24th. StockNews.com downgraded shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th. Wells Fargo & Company upped their price objective on Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a report on Friday, January 24th. Truist Financial cut their target price on Discover Financial Services from $262.00 to $219.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Finally, UBS Group upgraded Discover Financial Services from a “neutral” rating to a “buy” rating and increased their price target for the stock from $150.00 to $239.00 in a report on Monday, January 13th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $188.40.

About Discover Financial Services

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.