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, October 16th. Analysts expect the company to announce earnings of $3.40 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $6.06 EPS for the quarter, beating analysts’ consensus estimates of $3.06 by $3.00. Discover Financial Services had a net margin of 12.88% and a return on equity of 20.92%. The company had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the prior year, the firm posted $3.54 EPS. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. On average, analysts expect Discover Financial Services to post $13 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Discover Financial Services Trading Up 2.9 %

Shares of NYSE:DFS opened at $145.81 on Monday. Discover Financial Services has a 52 week low of $79.04 and a 52 week high of $147.61. The company’s 50 day moving average is $134.73 and its two-hundred day moving average is $130.41. The company has a current ratio of 1.12, a quick ratio of 1.04 and a debt-to-equity ratio of 1.28. The company has a market cap of $36.57 billion, a PE ratio of 16.63, a P/E/G ratio of 0.94 and a beta of 1.41.

Discover Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, August 22nd. Discover Financial Services’s dividend payout ratio (DPR) is 31.93%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DFS. JPMorgan Chase & Co. raised their price objective on shares of Discover Financial Services from $132.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. StockNews.com assumed coverage on shares of Discover Financial Services in a research note on Friday. They issued a “hold” rating for the company. Jefferies Financial Group raised their target price on shares of Discover Financial Services from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Evercore ISI raised their target price on shares of Discover Financial Services from $140.00 to $156.00 and gave the stock an “in-line” rating in a research note on Monday, October 7th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Discover Financial Services from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday, July 8th. Thirteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Discover Financial Services currently has an average rating of “Hold” and an average target price of $133.88.

About Discover Financial Services

Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services 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; personal loans, home loans, and other consumer lending; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checking accounts, and sweep accounts.