Zacks Research Issues Negative Estimate for DFS Earnings

Discover Financial Services (NYSE:DFS - Free Report) - Investment analysts at Zacks Research dropped their Q1 2025 earnings per share (EPS) estimates for shares of Discover Financial Services in a report issued on Wednesday, April 9th. Zacks Research analyst D. Chatterjee now expects that the financial services provider will post earnings of $3.24 per share for the quarter, down from their prior forecast of $3.28. The consensus estimate for Discover Financial Services' current full-year earnings is $13.88 per share. Zacks Research also issued estimates for Discover Financial Services' Q2 2025 earnings at $3.34 EPS, Q3 2025 earnings at $3.30 EPS, Q4 2025 earnings at $3.15 EPS, FY2025 earnings at $13.04 EPS, Q1 2026 earnings at $3.77 EPS, Q4 2026 earnings at $4.28 EPS, FY2026 earnings at $15.15 EPS, Q1 2027 earnings at $4.35 EPS and FY2027 earnings at $17.59 EPS.

DFS has been the topic of several other research reports. StockNews.com cut Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Tuesday. UBS Group raised shares of Discover Financial Services from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $150.00 to $239.00 in a report on Monday, January 13th. JPMorgan Chase & Co. lowered their target price on shares of Discover Financial Services from $169.00 to $129.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada raised their price target on shares of Discover Financial Services from $193.00 to $210.00 and gave the company a "sector perform" rating in a research report on Friday, January 24th. Finally, Barclays upped their price objective on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $188.40.

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Discover Financial Services Stock Down 2.2 %

DFS traded down $3.47 during midday trading on Monday, reaching $156.67. 902,989 shares of the company were exchanged, compared to its average volume of 1,577,500. The company has a market cap of $39.42 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20. Discover Financial Services has a one year low of $119.31 and a one year high of $205.76. The company's fifty day moving average price is $173.69 and its 200 day moving average price is $172.15. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09.

Discover Financial Services (NYSE:DFS - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.13 by $1.98. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%.

Discover Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.79%. The ex-dividend date is Friday, May 23rd. Discover Financial Services's dividend payout ratio (DPR) is 17.54%.

Institutional Trading of Discover Financial Services

Hedge funds have recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new stake in Discover Financial Services in the 1st quarter worth about $25,000. SBI Securities Co. Ltd. purchased a new position in shares of Discover Financial Services in the fourth quarter worth about $33,000. Flagship Wealth Advisors LLC purchased a new position in shares of Discover Financial Services in the fourth quarter worth about $34,000. Mattson Financial Services LLC bought a new stake in shares of Discover Financial Services in the fourth quarter valued at approximately $34,000. Finally, Grove Bank & Trust lifted its stake in shares of Discover Financial Services by 78.1% during the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider's stock valued at $35,000 after buying an additional 89 shares in the last quarter. 86.94% of the stock is currently owned by 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; 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.