Equities research analysts expect Discover Financial Services (NYSE:DFS) to report earnings per share of $2.08 for the current quarter, Zacks reports. Five analysts have made estimates for Discover Financial Services’ earnings. The highest EPS estimate is $2.14 and the lowest is $2.04. Discover Financial Services reported earnings of $1.55 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 34.2%. The business is scheduled to report its next quarterly earnings results on Wednesday, January 23rd.

According to Zacks, analysts expect that Discover Financial Services will report full-year earnings of $7.83 per share for the current fiscal year, with EPS estimates ranging from $7.73 to $7.90. For the next year, analysts anticipate that the firm will post earnings of $8.67 per share, with EPS estimates ranging from $8.41 to $8.85. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Discover Financial Services.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Thursday, October 25th. The financial services provider reported $2.05 EPS for the quarter, hitting analysts’ consensus estimates of $2.05. The business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.69 billion. Discover Financial Services had a return on equity of 25.49% and a net margin of 19.51%.

A number of research firms have recently commented on DFS. Sandler O’Neill restated a “buy” rating and set a $87.00 price objective on shares of Discover Financial Services in a report on Friday, July 27th. Bank of America upped their price objective on Discover Financial Services from $86.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, September 21st. JPMorgan Chase & Co. upgraded Discover Financial Services from a “neutral” rating to an “overweight” rating in a report on Tuesday, October 2nd. Zacks Investment Research downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Finally, Wells Fargo & Co dropped their price objective on Discover Financial Services from $82.00 to $78.00 and set a “market perform” rating for the company in a report on Friday, October 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $86.80.

DFS stock opened at $70.72 on Tuesday. The firm has a market cap of $23.50 billion, a PE ratio of 11.83, a PEG ratio of 0.72 and a beta of 1.50. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.48 and a quick ratio of 1.48. Discover Financial Services has a 52 week low of $64.50 and a 52 week high of $81.93.

Discover Financial Services announced that its Board of Directors has initiated a stock repurchase plan on Thursday, July 19th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 11.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Wednesday, November 21st will be issued a $0.40 dividend. The ex-dividend date is Tuesday, November 20th. This represents a $1.60 annualized dividend and a yield of 2.26%. Discover Financial Services’s dividend payout ratio is currently 26.76%.

In other Discover Financial Services news, EVP Carlos Minetti sold 3,750 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $78.21, for a total value of $293,287.50. Following the completion of the transaction, the executive vice president now directly owns 133,852 shares of the company’s stock, valued at approximately $10,468,564.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David W. Nelms sold 30,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $78.11, for a total transaction of $2,343,300.00. Following the completion of the transaction, the chief executive officer now directly owns 1,210,798 shares of the company’s stock, valued at $94,575,431.78. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,100 shares of company stock valued at $7,795,625. 0.81% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. Adirondack Trust Co. boosted its position in Discover Financial Services by 204.5% in the 3rd quarter. Adirondack Trust Co. now owns 1,340 shares of the financial services provider’s stock valued at $102,000 after buying an additional 900 shares during the last quarter. Sandy Spring Bank boosted its position in Discover Financial Services by 181.5% in the 2nd quarter. Sandy Spring Bank now owns 1,689 shares of the financial services provider’s stock valued at $119,000 after buying an additional 1,089 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in Discover Financial Services by 8,341.7% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,026 shares of the financial services provider’s stock valued at $143,000 after buying an additional 2,002 shares during the last quarter. Honkamp Krueger Financial Services Inc. purchased a new position in Discover Financial Services in the 3rd quarter valued at about $155,000. Finally, Truvestments Capital LLC purchased a new position in Discover Financial Services in the 3rd quarter valued at about $163,000. 87.68% of the stock is owned by institutional investors.

About Discover Financial Services

Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.

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Earnings History and Estimates for Discover Financial Services (NYSE:DFS)

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