Discover Financial Services (DFS) to Release Earnings on Wednesday

Discover Financial Services (NYSE:DFS) will post its quarterly earnings results after the market closes on Wednesday, October 16th. Analysts expect Discover Financial Services to post earnings of $3.40 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Discover Financial Services (NYSE:DFS) last released its earnings results on Wednesday, July 17th. The financial services provider reported $6.06 EPS for the quarter, beating the consensus estimate of $3.06 by $3.00. The company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.18 billion. Discover Financial Services had a net margin of 12.88% and a return on equity of 20.92%. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.54 EPS. 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 Stock Performance

Discover Financial Services stock opened at $142.07 on Wednesday. The firm has a fifty day simple moving average of $134.35 and a two-hundred day simple moving average of $129.93. The company has a quick ratio of 1.04, a current ratio of 1.12 and a debt-to-equity ratio of 1.28. Discover Financial Services has a twelve month low of $79.04 and a twelve month high of $147.61. The company has a market capitalization of $35.63 billion, a PE ratio of 16.37, a P/E/G ratio of 0.94 and a beta of 1.41.

Discover Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were paid a $0.70 dividend. The ex-dividend date was Thursday, August 22nd. This represents a $2.80 dividend on an annualized basis and a yield of 1.97%. Discover Financial Services’s dividend payout ratio (DPR) is currently 31.93%.

Analyst Ratings Changes

DFS has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Discover Financial Services from $132.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods upped their price target on Discover Financial Services from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, July 8th. BMO Capital Markets lifted their price objective on Discover Financial Services from $115.00 to $119.00 and gave the stock a “market perform” rating in a research report on Friday, July 19th. StockNews.com assumed coverage on Discover Financial Services in a report on Thursday, October 3rd. They set a “hold” rating for the company. Finally, Jefferies Financial Group lifted their price target on shares of Discover Financial Services from $145.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Thirteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Discover Financial Services has an average rating of “Hold” and a consensus target price 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; 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.