Wall Street brokerages expect that Capital One Financial Corporation (NYSE:COF) will post $6.82 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Capital One Financial Corporation’s earnings, with the lowest sales estimate coming in at $6.73 billion and the highest estimate coming in at $7.03 billion. Capital One Financial Corporation posted sales of $6.46 billion in the same quarter last year, which would indicate a positive year over year growth rate of 5.6%. The business is scheduled to report its next quarterly earnings report after the market closes on Tuesday, October 24th.

According to Zacks, analysts expect that Capital One Financial Corporation will report full year sales of $6.82 billion for the current year, with estimates ranging from $26.85 billion to $27.46 billion. For the next year, analysts expect that the firm will post sales of $28.50 billion per share, with estimates ranging from $28.07 billion to $29.16 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Capital One Financial Corporation.

Capital One Financial Corporation (NYSE:COF) last posted its quarterly earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.06. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.68 billion. Capital One Financial Corporation had a return on equity of 7.92% and a net margin of 13.32%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.76 earnings per share.

COF has been the topic of a number of research analyst reports. CIBC raised shares of Capital One Financial Corporation from an “underperform” rating to a “market perform” rating in a research report on Friday, July 21st. Barclays PLC reiterated an “overweight” rating and issued a $105.00 target price on shares of Capital One Financial Corporation in a research report on Saturday, July 22nd. Wedbush reiterated a “sell” rating on shares of Capital One Financial Corporation in a research report on Saturday, July 22nd. Zacks Investment Research raised shares of Capital One Financial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Compass Point began coverage on shares of Capital One Financial Corporation in a research note on Thursday, August 10th. They set a “neutral” rating and a $90.00 target price for the company. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $92.00.

Capital One Financial Corporation (NYSE:COF) opened at 86.37 on Wednesday. The stock has a market capitalization of $41.80 billion, a P/E ratio of 12.59 and a beta of 1.23. Capital One Financial Corporation has a 12-month low of $70.50 and a 12-month high of $96.92. The stock has a 50 day moving average price of $81.37 and a 200-day moving average price of $82.12.

Capital One Financial Corporation declared that its board has approved a stock buyback plan on Wednesday, June 28th that authorizes the company to buyback $1.85 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 4.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

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In other Capital One Financial Corporation news, CEO Richard D. Fairbank sold 367,419 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $87.02, for a total value of $31,972,801.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.73% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of COF. BB&T Investment Services Inc. acquired a new position in shares of Capital One Financial Corporation during the second quarter valued at about $108,000. Seven Eight Capital LP grew its position in Capital One Financial Corporation by 16.7% during the second quarter. Seven Eight Capital LP now owns 1,400 shares of the financial services provider’s stock worth $116,000 after buying an additional 200 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its position in Capital One Financial Corporation by 47.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,652 shares of the financial services provider’s stock worth $137,000 after buying an additional 529 shares in the last quarter. Archford Capital Strategies LLC grew its position in Capital One Financial Corporation by 8,078.3% during the second quarter. Archford Capital Strategies LLC now owns 4,907 shares of the financial services provider’s stock worth $140,000 after buying an additional 4,847 shares in the last quarter. Finally, Westside Investment Management Inc. grew its position in Capital One Financial Corporation by 48.0% during the second quarter. Westside Investment Management Inc. now owns 1,745 shares of the financial services provider’s stock worth $143,000 after buying an additional 566 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

About Capital One Financial Corporation

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

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

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