The price of Discover Financial Services (NYSE: DFS) closed at $119.40 in the last session, down -1.54% from day before closing price of $121.27. In other words, the price has decreased by -$1.87 from its previous closing price. On the day, 2458789 shares were traded.
Ratios:
We take a closer look at DFS’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 1.44 whereas as Long-Term Debt/Eq ratio is at 1.29.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on February 08, 2024, Upgraded its rating to Overweight and sets its target price to $133 from $105 previously.
On January 19, 2024, HSBC Securities Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $121 to $107.
On January 10, 2024, Deutsche Bank started tracking the stock assigning a Hold rating and target price of $140.Deutsche Bank initiated its Hold rating on January 10, 2024, with a $140 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jan 26 ’24 when Greene John sold 35,191 shares for $106.51 per share. The transaction valued at 3,748,193 led to the insider holds 18,592 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DFS now has a Market Capitalization of 29.92B. As of this moment, Discover’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.61, and their Forward P/E ratio for the next fiscal year is 8.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.45 while its Price-to-Book (P/B) ratio in mrq is 2.17.
Stock Price History:
Over the past 52 weeks, DFS has reached a high of $127.34, while it has fallen to a 52-week low of $79.04. The 50-Day Moving Average of the stock is 111.08, while the 200-Day Moving Average is calculated to be 101.41.
Shares Statistics:
According to the various share statistics, DFS traded on average about 2.58M shares per day over the past 3-months and 3.1M shares per day over the past 10 days. A total of 250.10M shares are outstanding, with a floating share count of 248.68M. Insiders hold about 0.75% of the company’s shares, while institutions hold 88.37% stake in the company. Shares short for DFS as of Feb 15, 2024 were 2.9M with a Short Ratio of 1.12, compared to 2.9M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.16% and a Short% of Float of 1.36%.
Dividends & Splits
The forward annual dividend rate for DFS is 2.80, which was 2.70 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 2.23%, it implies a Forward Annual Dividend Yield of 2.35%. The stock’s 5-year Average Dividend Yield is 2.28.
Earnings Estimates
The company has 19 analysts who recommend its stock at the moment. On average, analysts expect EPS of $3.07 for the current quarter, with a high estimate of $3.85 and a low estimate of $2.36, while EPS last year was $3.58. The consensus estimate for the next quarter is $2.72, with high estimates of $3.22 and low estimates of $2.25.
Analysts are recommending an EPS of between $12.2 and $9.88 for the fiscal current year, implying an average EPS of $11.08. EPS for the following year is $13.72, with 22 analysts recommending between $15.13 and $11.43.
Revenue Estimates
According to 14 analysts, the current quarter’s revenue is expected to be $4.06B. It ranges from a high estimate of $4.18B to a low estimate of $3.92B. As of the current estimate, Discover Financial Services’s year-ago sales were $3.67B, an estimated increase of 10.80% from the year-ago figure. For the next quarter, 14 analysts are estimating revenue of $4.08B, an increase of 5.30% less than the figure of $10.80% in the same quarter last year. There is a high estimate of $4.18B for the next quarter, whereas the lowest estimate is $3.99B.
A total of 16 analysts have provided revenue estimates for DFS’s current fiscal year. The highest revenue estimate was $16.77B, while the lowest revenue estimate was $16.1B, resulting in an average revenue estimate of $16.41B. In the same quarter a year ago, actual revenue was $15.86B, up 3.50% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $16.67B in the next fiscal year. The high estimate is $17.41B and the low estimate is $16.28B. The average revenue growth estimate for next year is up 1.60% from the average revenue estimate for this year.
