Discover Financial Services (DFS) Expected to Announce Quarterly Earnings on Wednesday

Discover Financial Services (NYSE:DFS - Get Free Report) is anticipated to post its quarterly earnings results after the market closes on Wednesday, April 23rd. Analysts expect Discover Financial Services to post earnings of $3.33 per share and revenue of $4.25 billion for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Discover Financial Services (NYSE:DFS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $3.13 by $1.98. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. On average, analysts expect Discover Financial Services to post $14 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Discover Financial Services Price Performance

Shares of NYSE DFS traded up $3.60 during mid-day trading on Friday, reaching $159.91. 1,106,264 shares of the company traded hands, compared to its average volume of 1,574,445. The firm has a market cap of $40.23 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03. Discover Financial Services has a fifty-two week low of $119.95 and a fifty-two week high of $205.76. The stock has a fifty day simple moving average of $171.42 and a 200-day simple moving average of $172.34.

Discover Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.80 annualized dividend and a yield of 1.75%. Discover Financial Services's dividend payout ratio is currently 17.54%.

Hedge Funds Weigh In On Discover Financial Services

A hedge fund recently raised its stake in Discover Financial Services stock. Brighton Jones LLC increased its holdings in Discover Financial Services (NYSE:DFS - Free Report) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,378 shares of the financial services provider's stock after purchasing an additional 125 shares during the period. Brighton Jones LLC's holdings in Discover Financial Services were worth $758,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 86.94% of the company's stock.

Analyst Ratings Changes

DFS has been the subject of several research reports. Barclays raised their price objective on shares of Discover Financial Services from $186.00 to $209.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Truist Financial reduced their price objective on Discover Financial Services from $262.00 to $219.00 and set a "buy" rating for the company in a research note on Friday, March 21st. UBS Group raised Discover Financial Services from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $150.00 to $239.00 in a research report on Monday, January 13th. Royal Bank of Canada lifted their price target on Discover Financial Services from $193.00 to $210.00 and gave the stock a "sector perform" rating in a research note on Friday, January 24th. Finally, StockNews.com cut shares of Discover Financial Services from a "buy" rating to a "hold" rating in a report on Tuesday. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Discover Financial Services currently has a consensus rating of "Hold" and a consensus price target of $188.40.

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.