Brokers Offer Predictions for Discover Financial Services’ FY2017 Earnings (DFS)

Discover Financial Services (NYSE:DFS) – Equities research analysts at Oppenheimer cut their FY2017 earnings per share estimates for shares of Discover Financial Services in a report released on Tuesday. Oppenheimer analyst B. Chittenden now anticipates that the financial services provider will earn $5.96 per share for the year, down from their prior estimate of $6.00. Oppenheimer has a “Buy” rating and a $71.00 price target on the stock. Oppenheimer also issued estimates for Discover Financial Services’ Q2 2018 earnings at $1.91 EPS, Q3 2018 earnings at $2.00 EPS, Q4 2018 earnings at $2.10 EPS, FY2018 earnings at $7.76 EPS and FY2019 earnings at $7.95 EPS.

Several other equities research analysts have also weighed in on the company. Zacks Investment Research upgraded Discover Financial Services from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a report on Tuesday, January 2nd. Compass Point lowered Discover Financial Services from a “buy” rating to a “neutral” rating in a report on Wednesday, October 25th. ValuEngine lowered Discover Financial Services from a “buy” rating to a “hold” rating in a report on Monday, September 11th. Barclays set a $73.00 target price on Discover Financial Services and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, BMO Capital Markets reduced their target price on Discover Financial Services from $69.00 to $67.00 and set a “market perform” rating for the company in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $78.24.

Shares of Discover Financial Services (NYSE:DFS) opened at $78.16 on Friday. The company has a market capitalization of $28,400.00, a P/E ratio of 13.45, a P/E/G ratio of 1.81 and a beta of 1.52. Discover Financial Services has a 12 month low of $57.50 and a 12 month high of $78.83. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.52.

Several hedge funds have recently modified their holdings of the company. GM Advisory Group Inc. raised its stake in shares of Discover Financial Services by 0.3% in the second quarter. GM Advisory Group Inc. now owns 5,304 shares of the financial services provider’s stock valued at $330,000 after purchasing an additional 17 shares in the last quarter. South State Corp raised its stake in shares of Discover Financial Services by 0.7% in the second quarter. South State Corp now owns 3,457 shares of the financial services provider’s stock valued at $215,000 after purchasing an additional 25 shares in the last quarter. M&R Capital Management Inc. raised its stake in shares of Discover Financial Services by 1.1% in the second quarter. M&R Capital Management Inc. now owns 6,595 shares of the financial services provider’s stock valued at $393,000 after purchasing an additional 70 shares in the last quarter. Mariner Wealth Advisors LLC raised its stake in shares of Discover Financial Services by 1.8% in the second quarter. Mariner Wealth Advisors LLC now owns 5,245 shares of the financial services provider’s stock valued at $326,000 after purchasing an additional 93 shares in the last quarter. Finally, Peapack Gladstone Financial Corp raised its stake in shares of Discover Financial Services by 1.8% in the second quarter. Peapack Gladstone Financial Corp now owns 5,944 shares of the financial services provider’s stock valued at $370,000 after purchasing an additional 107 shares in the last quarter. Institutional investors own 84.77% of the company’s stock.

In other news, CEO David W. Nelms sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $76.74, for a total transaction of $2,302,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,409,912 shares in the company, valued at $108,196,646.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO R. Mark Graf sold 16,503 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $66.67, for a total value of $1,100,255.01. Following the transaction, the chief financial officer now owns 82,402 shares of the company’s stock, valued at $5,493,741.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 179,277 shares of company stock valued at $12,673,925. Corporate insiders own 0.96% of the company’s stock.

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Discover Financial Services Company Profile

Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.

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

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