Discover Financial Services (NYSE: DFS) will publish quarterly revenue data after the market closes on Wednesday, July 21st. Analysts expect the company to announce quarterly earnings of $ 3.31 per share. Individuals interested in attending a company’s earnings conference call This link..
Discover Financial Services (NYSE: DFS) last published its quarterly financial data on Tuesday, April 20th. Financial services providers reported quarterly earnings per share (EPS) of $ 5.04, ahead of Sachs’ consensus estimate of $ 2.82 by $ 2.22. The company’s revenue for the quarter was $ 2.8 billion, compared to analysts’ forecast of $ 2.79 billion. Discover Financial Services had a return on equity of 28.88% and a net return of 22.20%. Business revenues were down 3.2% year-on-year. During the same period last year, the business earned earnings per share ($ 0.25). Analysts expect Discover Financial Services to record an EPS of $ 13 in the current fiscal year and $ 12 in the next fiscal year.
Share NYSE DFS It opened on Wednesday for $ 125.26. The company has a market capitalization of $ 38.19 billion, a price-earnings ratio of 14.11, a price-earnings ratio of 0.17 and a beta of 1.83. The company’s 50-day moving average is $ 118.89. Discover Financial Services has a 52-week low price of $ 46.82 and a 52-week high price of $ 127.65. The company has a debt-to-capital ratio of 1.89, a quick ratio of 1.24 and a current ratio of 1.24.
The company also recently announced a quarterly dividend to be paid on Thursday, June 3rd. Investors recorded on Thursday, May 20th were issued a dividend of $ 0.44. The ex-dividend date for this dividend was Wednesday, May 19th. This equates to an annual dividend of $ 1.76 and a dividend yield of 1.41%. Discover Financial Services has a dividend payment rate of 48.89%.
In related news, director Michael H. Moscow sold 3,824 shares of the company in a transaction that took place on Thursday, May 6. The stock sold for an average price of $ 115.97 and a total price of $ 443,469.28. After closing the transaction, the board now directly owns 51,253 shares of the company, worth approximately $ 5,943,810.41. The sale was disclosed in a legal document to the Securities and Exchange Commission. SEC website.. EVP Daniel Peter Capozzi also sold 9,970 shares of the company in a transaction that took place on Monday, April 26. The shares were sold for an average price of $ 106.30 and a total price of $ 1,059,811.00. After closing the transaction, the Vice President now owns 27,042 shares of the company, worth $ 2,874,564.60.Disclosure of this sale can be found Here.. Insider has sold a total of 28,794 shares of its own stock for $ 3,213,580 over the past 90 days. Corporate insiders own a 0.54% stake in the company.
Recently, many research analysts have published reports about the company. In a report on Friday, July 9, Discover Financial Services was raised from a “neutral” rating to a “purchase” rating, and the company’s target price was raised from $ 101.00 to $ 150.00. Bank of America has raised Discover Financial Services from a “neutral” rating to a “purchase” rating, setting its target price at $ 120.00 in a report on Monday, April 26. Credit Suisse Group raised its Discover Financial Services pricing target from $ 128.00 to $ 140.00 and rated its share price as “outperform” in a report on Friday, July 2. In a report on Friday, July 9, Discover Financial Services was raised from a “neutral” rating to a “buy” rating and its share price target was raised from $ 101.00 to $ 150.00. At the end, Zacks Investment Research Decrease Discover Financial Services from a “buy” valuation to a “hold” valuation and set the company’s target price at $ 124.00. In the report on Wednesday, July 7th. Nine research analysts evaluated the stock with a hold rating, and 11 assigned a buy rating to the company’s stock. Discover Financial Services’ current consensus rating is “Purchase” with an average target price of $ 113.39.
See the financial services company profile
Discover Financial Services operates as a digital banking and payment services company in the United States through its subsidiaries. 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. This includes personal student loans, personal loans, mortgages, and other consumer loans, as well as deposit products such as certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts, and checking accounts. It is included. , And a sweep account.
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Discover Financial Services (DFS) to announce quarterly financial results on Wednesday
Source link Discover Financial Services (DFS) to announce quarterly financial results on Wednesday