Discover Financial Services (NYSE:DFS) released its earnings results on Wednesday. The financial services provider reported $5.55 EPS for the quarter, beating the consensus estimate of $3.68 by $1.87, MarketWatch Earnings reports. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.01 billion. Discover Financial Services had a net margin of 22.20% and a return on equity of 28.88%. The business’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same period last year, the firm earned ($1.20) EPS.
NYSE:DFS opened at $125.55 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.89. Discover Financial Services has a 1 year low of $48.18 and a 1 year high of $127.65. The stock has a market capitalization of $38.28 billion, a P/E ratio of 14.14, a P/E/G ratio of 0.16 and a beta of 1.83. The stock’s fifty day moving average is $119.52.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 2nd. Shareholders of record on Thursday, August 19th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.59%. This is an increase from Discover Financial Services’s previous quarterly dividend of $0.44. Discover Financial Services’s dividend payout ratio is currently 48.89%.
In other Discover Financial Services news, Director Michael H. Moskow sold 3,824 shares of the firm’s stock in a transaction dated Thursday, May 6th. The stock was sold at an average price of $115.97, for a total transaction of $443,469.28. Following the sale, the director now owns 51,253 shares in the company, valued at $5,943,810.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diane E. Offereins sold 15,000 shares of the firm’s stock in a transaction dated Friday, April 30th. The shares were sold at an average price of $114.02, for a total value of $1,710,300.00. Following the sale, the executive vice president now owns 113,915 shares in the company, valued at approximately $12,988,588.30. The disclosure for this sale can be found here. Insiders sold 28,794 shares of company stock worth $3,213,580 in the last quarter. 0.54% of the stock is currently owned by company insiders.
About Discover Financial Services
Discover Financial Services, through its subsidiaries, operates as a digital banking and payment services company 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; and other consumer products and services, including private student loans, personal loans, home loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts, checking accounts, and sweep accounts.
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