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 Trading Down 1.1 %
DFS traded down $1.12 on Tuesday, reaching $101.76. 9,386 shares of the company's stock were exchanged, compared to its average volume of 2,078,769. The company's 50 day moving average is $100.80 and its 200-day moving average is $109.03. The company has a market cap of $27.80 billion, a price-to-earnings ratio of 6.70, a PEG ratio of 0.23 and a beta of 1.45. Discover Financial Services has a twelve month low of $88.02 and a twelve month high of $135.69. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.26 and a current ratio of 1.26.
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 (EPS) for the quarter, topping analysts' consensus estimates of $3.77 by $0.19. The firm had revenue of $3.22 billion during the quarter, compared to the consensus estimate 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 prior year, the company earned $5.55 EPS. Equities analysts predict that Discover Financial Services will post 15.25 earnings per share for the current year.
Discover Financial Services Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 25th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, August 24th. Discover Financial Services's dividend payout ratio (DPR) is 15.63%.
Analyst Ratings Changes
DFS has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Discover Financial Services from $150.00 to $140.00 in a report on Friday, July 22nd. Keefe, Bruyette & Woods decreased their price target on shares of Discover Financial Services from $150.00 to $135.00 in a research note on Monday, July 11th. Morgan Stanley decreased their price target on shares of Discover Financial Services from $111.00 to $104.00 and set an "equal weight" rating on the stock in a research note on Friday, July 22nd. Wolfe Research cut shares of Discover Financial Services from an "outperform" rating to a "peer perform" rating and set a $97.00 price objective for the company. in a research report on Thursday, May 12th. Finally, Wells Fargo & Company dropped their price target 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. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Discover Financial Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.56.