Get a deeper insight into the potential performance of Discover (DFS) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Discover Financial shares have been volatile due to management turnover and rising credit losses, but rallied after Capital One's acquisition announcement. Capital One's acquisition of Discover Financial is expected to face some antitrust regulatory scrutiny, but I view a deal as likely to be approved. Discover Financial's Q1 results showed a decline in earnings due to a reserve for card misclassification and elevated charge-offs.
Discover (DFS) expands its presence in the military market by collaborating with the Exchange Credit Program.
Earnings season has arrived, and investors are excited to see what's been going on behind the scenes. Several releases will be important, including these three.
Discover (DFS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The new Balance+ feature is expected to complement Discover Financial's (DFS) existing fee-free Overdraft Protection.
Discover Financial (DFS) resolves class action litigation related to overcharging merchants by setting aside $1.2 billion amid a pending merger.
Discover Financial (DFS) accelerates its footprint in Singapore with NETS and enhances cardholder experience.
Discover Finl DFS has outperformed the market over the past 15 years by 6.81% on an annualized basis producing an average annual return of 19.25%. Currently, Discover Finl has a market capitalization of $31.23 billion. Buying $100 In DFS: If an investor had bought $100 of DFS stock 15 years ago, it would be worth $1,401.69 today based on a price of $124.61 for DFS at the time of writing. Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Discover Financial Services (NYSE:DFS) announced a quarterly dividend on Wednesday, April 17th, Zacks reports. Stockholders of record on Thursday, May 23rd will be paid a dividend of 0.70 per share by the financial services provider on Thursday, June 6th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Wednesday, May 22nd. Discover Financial Services has raised its dividend payment by an average of 15.3% per year over the last three years and has increased its dividend annually for the last 13 consecutive years. Discover Financial Services has a dividend payout ratio of 21.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Discover Financial Services to earn $13.03 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 21.5%. Discover Financial Services Stock Performance Shares of DFS opened at $125.42 on Monday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a 50-day moving average of $125.06 and a 200-day moving average of $111.72. The company has a market cap of $31.43 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 0.76 and a beta of 1.43. Discover Financial Services has a one year low of $79.04 and a one year high of $131.65. Discover Financial Services (NYSE:DFS – Get Free Report) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.98 by ($1.88). Discover Financial Services had a net margin of 10.56% and a return on equity of 17.07%. The business had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.07 billion. During the same period in the prior year, the business earned $3.58 EPS. As a group, equities analysts forecast that Discover Financial Services will post 11.48 earnings per share for the current year. Wall Street Analysts Forecast Growth DFS has been the topic of several recent research reports. Piper Sandler raised their target price on shares of Discover Financial Services from $127.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Wells Fargo & Company upped their target price on Discover Financial Services from $105.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 10th. BMO Capital Markets dropped their price target on Discover Financial Services from $116.00 to $104.00 and set a “market perform” rating for the company in a research note on Monday, January 22nd. Wolfe Research reaffirmed a “peer perform” rating on shares of Discover Financial Services in a research report on Wednesday, February 21st. Finally, Seaport Res Ptn lowered shares of Discover Financial Services from a “buy” rating to a “neutral” rating in a report on Friday, March 15th. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $126.29. View Our Latest Stock Analysis on Discover Financial Services About Discover Financial Services (Get Free Report) 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. See Also Five stocks we like better than Discover Financial Services How to Capture the Benefits of Dividend Increases JD’s Earnings Could Mean Chinese Stocks Making a Comeback 3 Fintech Stocks With Good 2021 Prospects Canada Goose Flies Higher Driven By DTC Growth Short Selling: How to Short a Stock CVS Health Stock Has a Silver Lining Called Value
Discover (DFS) reported earnings 30 days ago. What's next for the stock?