Discover Financial Services (NYSE:DFS) is set to issue its quarterly earnings data after the market closes on Wednesday, January 24th. Analysts expect the company to announce earnings of $1.55 per share for the quarter.
Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.06. Discover Financial Services had a net margin of 20.04% and a return on equity of 21.01%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $1.87 billion. On average, analysts expect Discover Financial Services to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Discover Financial Services (NYSE:DFS) opened at $78.32 on Monday. Discover Financial Services has a one year low of $57.50 and a one year high of $81.23. The firm has a market cap of $28,460.00, a P/E ratio of 13.46, a P/E/G ratio of 1.28 and a beta of 1.52. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.55.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 22nd will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.79%. Discover Financial Services’s payout ratio is 24.05%.
In other news, COO Roger C. Hochschild sold 15,258 shares of Discover Financial Services stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $66.79, for a total value of $1,019,081.82. Following the sale, the chief operating officer now directly owns 769,440 shares in the company, valued at $51,390,897.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David W. Nelms sold 30,000 shares of Discover Financial Services stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $66.80, for a total transaction of $2,004,000.00. The disclosure for this sale can be found here. Insiders sold 179,277 shares of company stock worth $12,673,925 over the last quarter. 0.96% of the stock is owned by corporate insiders.
Several analysts have commented on DFS shares. BMO Capital Markets dropped their target price on shares of Discover Financial Services from $69.00 to $67.00 and set a “market perform” rating on the stock in a report on Wednesday, October 25th. Bank of America upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating and set a $83.00 target price on the stock in a report on Monday, December 18th. Royal Bank of Canada restated a “buy” rating and set a $86.00 target price on shares of Discover Financial Services in a report on Wednesday, October 25th. Zacks Investment Research downgraded shares of Discover Financial Services from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Finally, Wells Fargo & Co started coverage on shares of Discover Financial Services in a report on Tuesday, October 10th. They set a “market perform” rating and a $69.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the stock. Discover Financial Services has an average rating of “Buy” and an average target price of $80.76.
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Discover Financial Services Company Profile
Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.
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