Discover Financial Services (DFS) Set to Announce Quarterly Earnings on Wednesday
Discover Financial Services (NYSE:DFS) is scheduled to be announcing its earnings results 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 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations 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. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52. Discover Financial Services has a 52-week low of $57.50 and a 52-week high of $81.23. The company has a market cap of $28,460.00, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 1.28 and a beta of 1.52.
A number of equities analysts have commented on the stock. Barclays set a $95.00 price objective on shares of Discover Financial Services and gave the stock a “buy” rating in a research report on Friday, January 12th. Jefferies Group reaffirmed a “buy” rating and set a $91.00 price objective on shares of Discover Financial Services in a research report on Thursday, January 11th. Royal Bank of Canada reaffirmed a “buy” rating and set a $107.00 price objective on shares of Discover Financial Services in a research report on Tuesday, January 9th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $83.00 price objective (up from $69.00) on shares of Discover Financial Services in a research report on Tuesday, January 9th. Finally, Stephens set a $73.00 price objective on shares of Discover Financial Services and gave the stock a “sell” rating in a research report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $80.76.
In other news, COO Roger C. Hochschild sold 15,258 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief operating officer now owns 769,440 shares of the company’s stock, valued at $51,390,897.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO R. Mark Graf sold 16,503 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $66.67, for a total transaction of $1,100,255.01. Following the completion of the sale, the chief financial officer now directly owns 82,402 shares of the company’s stock, valued at approximately $5,493,741.34. The disclosure for this sale can be found here. In the last three months, insiders sold 179,277 shares of company stock valued at $12,673,925. 0.96% of the stock is currently owned by company insiders.
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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