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

Discover Financial Services (NYSE:DFS) will post its quarterly earnings results after the market closes on Wednesday, April 17th. Analysts expect Discover Financial Services to post earnings of $3.03 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 Thursday, January 18th. The financial services provider reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.96). Discover Financial Services had a return on equity of 22.24% and a net margin of 14.30%. The business had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the previous year, the firm posted $3.77 earnings per share. The company’s revenue was up 12.8% compared to the same quarter last year. On average, analysts expect Discover Financial Services to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Discover Financial Services Trading Down 1.7 %

NYSE:DFS opened at $120.91 on Monday. The company has a fifty day moving average of $120.54 and a 200 day moving average of $104.95. Discover Financial Services has a 52 week low of $79.04 and a 52 week high of $131.65. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $30.30 billion, a P/E ratio of 10.75, a P/E/G ratio of 0.86 and a beta of 1.45.

Discover Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 22nd were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.80 dividend on an annualized basis and a yield of 2.32%. Discover Financial Services’s dividend payout ratio is currently 24.89%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DFS. Piper Sandler upped their price target on shares of Discover Financial Services from $127.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. StockNews.com assumed coverage on shares of Discover Financial Services in a report on Wednesday, April 10th. They set a “hold” rating for the company. HSBC upped their price objective on shares of Discover Financial Services from $107.00 to $144.00 and gave the stock a “hold” rating in a report on Thursday, March 21st. Seaport Res Ptn lowered shares of Discover Financial Services from a “buy” rating to a “neutral” rating in a report on Friday, March 15th. Finally, Morgan Stanley upgraded shares of Discover Financial Services from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $105.00 to $133.00 in a report on Thursday, February 8th. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $125.22.

Insider Transactions at Discover Financial Services

In related news, CFO John Greene sold 35,191 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $106.51, for a total transaction of $3,748,193.41. Following the sale, the chief financial officer now directly owns 18,592 shares of the company’s stock, valued at approximately $1,980,233.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.69% of the company’s stock.

Institutional Trading of Discover Financial Services

Institutional investors have recently bought and sold shares of the company. Dagco Inc. purchased a new stake in Discover Financial Services during the 4th quarter valued at about $25,000. Resurgent Financial Advisors LLC purchased a new stake in shares of Discover Financial Services during the 4th quarter valued at about $31,000. Compass Wealth Management LLC purchased a new stake in shares of Discover Financial Services during the 4th quarter valued at about $34,000. Aspire Private Capital LLC boosted its holdings in shares of Discover Financial Services by 180.0% during the 4th quarter. Aspire Private Capital LLC now owns 350 shares of the financial services provider’s stock valued at $34,240,500,000 after acquiring an additional 225 shares during the last quarter. Finally, Coppell Advisory Solutions Corp. purchased a new stake in shares of Discover Financial Services during the 4th quarter valued at about $47,000. 86.94% of the stock is owned by hedge funds and other institutional investors.

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; private student loans, 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.