Discover Financial Services (DFS) Scheduled to Post Quarterly Earnings on Wednesday

Discover Financial Services (NYSE:DFS) will be releasing its earnings data after the market closes on Wednesday, October 16th. Analysts expect Discover Financial Services to post earnings of $3.40 per share for the quarter. Persons that are interested in participating in 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.06 by $3.00. Discover Financial Services had a return on equity of 20.92% and a net margin of 12.88%. The company had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the prior year, the business posted $3.54 EPS. The business’s 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 1.0 %

Shares of Discover Financial Services stock opened at $147.31 on Tuesday. Discover Financial Services has a 12-month low of $79.04 and a 12-month high of $147.63. The stock has a market cap of $36.94 billion, a P/E ratio of 16.80, a P/E/G ratio of 0.94 and a beta of 1.41. The company has a quick ratio of 1.04, a current ratio of 1.12 and a debt-to-equity ratio of 1.28. The business’s 50 day moving average is $135.20 and its 200-day moving average is $130.52.

Discover Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Thursday, August 22nd. Discover Financial Services’s dividend payout ratio is currently 31.93%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DFS shares. Royal Bank of Canada increased their price target on Discover Financial Services from $140.00 to $148.00 and gave the company a “sector perform” rating in a research note on Friday, July 19th. StockNews.com started coverage on Discover Financial Services in a report on Friday. They issued a “hold” rating on the stock. Evercore ISI upped their price objective on Discover Financial Services from $140.00 to $156.00 and gave the company an “in-line” rating in a report on Monday, October 7th. Jefferies Financial Group upped their price objective on Discover Financial Services from $145.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Finally, BMO Capital Markets increased their target price on Discover Financial Services from $115.00 to $119.00 and gave the stock a “market perform” rating in a report on Friday, July 19th. Thirteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $133.88.

Discover Financial Services Company Profile

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.