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NYSE:DFS

Discover Financial Services - DFS Stock Forecast, Price & News

$108.47
-0.05 (-0.05%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$108.20
$109.18
50-Day Range
$89.53
$110.47
52-Week Range
$88.02
$133.78
Volume
1.12 million shs
Average Volume
1.83 million shs
Market Capitalization
$29.63 billion
P/E Ratio
7.06
Dividend Yield
2.21%
Price Target
$126.07

Discover Financial Services MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.54 Rating Score
Upside/​Downside
16.2% Upside
$126.07 Price Target
Short Interest
Healthy
1.44% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.24
Upright™ Environmental Score
News Sentiment
0.41mentions of Discover Financial Services in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-6.98%
From $15.32 to $14.25 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.20 out of 5 stars

Finance Sector

35th out of 914 stocks

Personal Credit Institutions Industry

1st out of 13 stocks

DFS stock logo

About Discover Financial Services (NYSE:DFS) Stock

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. The Payment Services segment operates the PULSE, an automated teller machine, debit, and electronic funds transfer network; and Diners Club International, a payments network that issues Diners Club branded charge cards and/or provides card acceptance services, as well as offers payment transaction processing and settlement services. The company was incorporated in 1960 and is based in Riverwoods, Illinois.

Discover Financial Services Stock Performance

Shares of NYSE:DFS opened at $108.47 on Friday. The company's 50 day simple moving average is $100.32 and its 200 day simple moving average is $108.70. The stock has a market capitalization of $29.63 billion, a price-to-earnings ratio of 7.06, a price-to-earnings-growth ratio of 0.24 and a beta of 1.45. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.26 and a quick ratio of 1.26. Discover Financial Services has a 1 year low of $88.02 and a 1 year high of $133.78.

Discover Financial Services (NYSE:DFS - Get Rating) last posted its earnings results on Wednesday, July 20th. The financial services provider reported $3.96 earnings per share for the quarter, topping analysts' consensus estimates of $3.77 by $0.19. The firm had revenue of $3.22 billion for the quarter, compared to analysts' expectations of $3.18 billion. Discover Financial Services had a net margin of 34.89% and a return on equity of 36.35%. The company's revenue was down 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.55 earnings per share. As a group, research analysts predict that Discover Financial Services will post 15.32 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 25th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.21%. Discover Financial Services's payout ratio is presently 15.63%.

Analyst Upgrades and Downgrades

DFS has been the subject of several research reports. Morgan Stanley cut their price objective on shares of Discover Financial Services from $111.00 to $104.00 and set an "equal weight" rating for the company in a research report on Friday, July 22nd. Citigroup downgraded shares of Discover Financial Services from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $140.00 to $115.00 in a research report on Friday, July 22nd. Wells Fargo & Company cut their price objective on shares of Discover Financial Services from $130.00 to $103.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 13th. Keefe, Bruyette & Woods cut their price objective on shares of Discover Financial Services from $150.00 to $135.00 in a research report on Monday, July 11th. Finally, Barclays dropped their price target on shares of Discover Financial Services from $140.00 to $133.00 and set an "overweight" rating for the company in a research report on Friday, July 22nd. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $127.56.

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DFS Stock News Headlines

Discover Financial Services Investor Alert
Student debt forgiveness continues to loom over Biden
Discover Financial Services (NYSE:DFS) PT Lowered to $134.00
Discover Financial Services (NYSE:DFS) PT Lowered to $120.00
See More Headlines
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DFS Company Calendar

Ex-Dividend for 6/9 Dividend
5/25/2022
Dividend Payable
6/09/2022
Last Earnings
7/20/2022
Today
8/19/2022
Ex-Dividend for 9/8 Dividend
8/24/2022
Dividend Payable
9/08/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Personal credit institutions
Sub-Industry
Consumer Finance
Sector
Finance
CUSIP
25470910
Employees
16,700
Year Founded
1985

Price Target and Rating

Average Stock Price Forecast
$126.07
High Stock Price Forecast
$143.00
Low Stock Price Forecast
$97.00
Forecasted Upside/Downside
+16.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.54
Research Coverage
13 Analysts

Profitability

Net Income
$5.45 billion
Pretax Margin
45.12%

Debt

Sales & Book Value

Annual Sales
$13.22 billion
Cash Flow
$19.40 per share
Book Value
$46.52 per share

Miscellaneous

Free Float
271,559,000
Market Cap
$29.63 billion
Optionable
Optionable
Beta
1.45

Social Links


Key Executives

  • Mr. Roger Crosby Hochschild (Age 57)
    CEO, Pres & Director
    Comp: $4.49M
  • Mr. John Thomas Greene (Age 56)
    Exec. VP & CFO
    Comp: $2.27M
  • Mr. Carlos M. MinettiMr. Carlos M. Minetti (Age 59)
    Exec. VP & Pres of Consumer Banking
    Comp: $2.27M
  • Ms. Diane E. OffereinsMs. Diane E. Offereins (Age 64)
    Exec. VP & Pres of Payment Services
    Comp: $3.27M
  • Mr. Daniel Peter CapozziMr. Daniel Peter Capozzi (Age 50)
    Exec. VP & Pres of US Cards
    Comp: $2.26M
  • Ms. Shifra KolskyMs. Shifra Kolsky
    Chief Accounting Officer, Sr. VP & Controller
  • Mr. Amir S. Arooni (Age 57)
    Exec. VP & Chief Information Officer
  • Mr. R. Andrew EichfeldMr. R. Andrew Eichfeld (Age 52)
    Exec. VP and Chief HR & Admin. Officer
  • Mr. Eric Edmund Wasserstrom
    Head of Investor Relations
  • Ms. Wanjiku Juanita WalcottMs. Wanjiku Juanita Walcott (Age 51)
    Exec. VP, Chief Legal Officer & Gen. Counsel













DFS Stock - Frequently Asked Questions

Should I buy or sell Discover Financial Services stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Discover Financial Services in the last year. There are currently 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DFS shares.
View DFS analyst ratings
or view top-rated stocks.

What is Discover Financial Services' stock price forecast for 2022?

13 brokers have issued 1-year price objectives for Discover Financial Services' stock. Their DFS share price forecasts range from $97.00 to $143.00. On average, they anticipate the company's stock price to reach $126.07 in the next twelve months. This suggests a possible upside of 16.2% from the stock's current price.
View analysts price targets for DFS
or view top-rated stocks among Wall Street analysts.

How have DFS shares performed in 2022?

Discover Financial Services' stock was trading at $115.56 at the beginning of the year. Since then, DFS stock has decreased by 6.1% and is now trading at $108.47.
View the best growth stocks for 2022 here
.

Are investors shorting Discover Financial Services?

Discover Financial Services saw a decline in short interest in July. As of July 31st, there was short interest totaling 3,920,000 shares, a decline of 7.1% from the July 15th total of 4,220,000 shares. Based on an average daily trading volume, of 2,000,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.4% of the shares of the company are sold short.
View Discover Financial Services' Short Interest
.

When is Discover Financial Services' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our DFS earnings forecast
.

How were Discover Financial Services' earnings last quarter?

Discover Financial Services (NYSE:DFS) released its quarterly earnings data on Wednesday, July, 20th. The financial services provider reported $3.96 EPS for the quarter, beating the consensus estimate of $3.77 by $0.19. The financial services provider had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.18 billion. Discover Financial Services had a net margin of 34.89% and a trailing twelve-month return on equity of 36.35%. Discover Financial Services's revenue was down 9.9% compared to the same quarter last year. During the same period in the prior year, the business earned $5.55 EPS.
Read the conference call transcript
.

How often does Discover Financial Services pay dividends? What is the dividend yield for Discover Financial Services?

Discover Financial Services announced a quarterly dividend on Wednesday, July 20th. Stockholders of record on Thursday, August 25th will be paid a dividend of $0.60 per share on Thursday, September 8th. This represents a $2.40 annualized dividend and a yield of 2.21%. The ex-dividend date is Wednesday, August 24th.
Read our dividend analysis for DFS
.

Is Discover Financial Services a good dividend stock?

Discover Financial Services (NYSE:DFS) pays an annual dividend of $2.40 per share and currently has a dividend yield of 2.21%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 15.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DFS will have a dividend payout ratio of 16.84% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DFS.

How will Discover Financial Services' stock buyback program work?

Discover Financial Services announced that its Board of Directors has authorized a share repurchase plan on Wednesday, July 21st 2021, which permits the company to buyback $2,400,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 6.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

What is Roger Hochschild's approval rating as Discover Financial Services' CEO?

291 employees have rated Discover Financial Services Chief Executive Officer Roger Hochschild on Glassdoor.com. Roger Hochschild has an approval rating of 86% among the company's employees.

What other stocks do shareholders of Discover Financial Services own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Discover Financial Services investors own include AT&T (T), Intel (INTC), JPMorgan Chase & Co. (JPM), AbbVie (ABBV), CVS Health (CVS), Bank of America (BAC), Cisco Systems (CSCO), Walt Disney (DIS), Verizon Communications (VZ) and Visa (V).

What is Discover Financial Services' stock symbol?

Discover Financial Services trades on the New York Stock Exchange (NYSE) under the ticker symbol "DFS."

Who are Discover Financial Services' major shareholders?

Discover Financial Services' stock is owned by a number of retail and institutional investors. Top institutional investors include State Street Corp (4.43%), FMR LLC (3.65%), Macquarie Group Ltd. (1.79%), Northern Trust Corp (1.24%), Primecap Management Co. CA (1.14%) and Allspring Global Investments Holdings LLC (0.69%). Insiders that own company stock include Brian Hughes, Carlos Minetti, Cynthia A Glassman, Daniel Peter Capozzi, Diane E Offereins, John Greene, Mary K Bush, Mary K Bush, Michael H Moskow, Robert Andrew Eichfeld, Roger C Hochschild, Shifra Kolsky and Wanjiku Juanita Walcott.
View institutional ownership trends
.

How do I buy shares of Discover Financial Services?

Shares of DFS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Discover Financial Services' stock price today?

One share of DFS stock can currently be purchased for approximately $108.47.

How much money does Discover Financial Services make?

Discover Financial Services (NYSE:DFS) has a market capitalization of $29.63 billion and generates $13.22 billion in revenue each year. The financial services provider earns $5.45 billion in net income (profit) each year or $15.36 on an earnings per share basis.

How many employees does Discover Financial Services have?

The company employs 16,700 workers across the globe.

Does Discover Financial Services have any subsidiaries?
The following companies are subsidiares of Discover Financial Services: DFS Corporate Services LLC, DFS GSD Corp., DFS International Inc., DFS Services LLC, Diners Club International, Diners Club International Ltd., Diners Club Services Private Limited, Diners Club Taiwan Ltd., Discover Bank, Discover Financial Services (Canada) Inc., Discover Financial Services (Hong Kong) Limited, Discover Financial Services (UK) Limited, Discover Funding LLC, Discover Global Employment Company Private Limited, Discover Home Loans Inc., Discover Information Technology (Shanghai) Limited, Discover Products Inc., Discover Properties LLC, Discover Services Corporation, First National Bank Alaska, GTC Insurance Agency Inc., Home Loan Center, PULSE Network LLC, Student Loan Corporation, and The Student Loan Corporation.
Read More
When was Discover Financial Services founded?

Discover Financial Services was founded in 1985.

How can I contact Discover Financial Services?

Discover Financial Services' mailing address is 2500 Lake Cook Road, Riverwoods IL, 60015. The official website for the company is www.discover.com. The financial services provider can be reached via phone at (224) 405-0900, via email at investorrelations@discover.com, or via fax at 224-405-4993.

This page (NYSE:DFS) was last updated on 8/19/2022 by MarketBeat.com Staff

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