NYSE:DFSDiscover Financial Services Stock Price, Forecast & News

Discover Financial Services' stock was trading at $53.20 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, DFS shares have decreased by 23.9% and is now trading at $40.47. View which stocks have been most impacted by Coronavirus.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Discover Financial Services in the last year. There are currently 1 sell rating, 6 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Discover Financial Services.

Discover Financial Services is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for Discover Financial Services.

Discover Financial Services (NYSE:DFS) posted its quarterly earnings data on Wednesday, April, 22nd. The financial services provider reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by $2.34. The financial services provider had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.88 billion. Discover Financial Services had a return on equity of 20.38% and a net margin of 15.39%. The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.15 EPS. View Discover Financial Services' earnings history.

Discover Financial Services declared a quarterly dividend on Tuesday, April 21st. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.44 per share on Thursday, June 4th. This represents a $1.76 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date is Wednesday, May 20th. View Discover Financial Services' dividend history.

Discover Financial Services declared that its Board of Directors has approved a stock buyback plan on Thursday, July 19th 2018, which permits the company to buyback $3,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 11.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its stock is undervalued.

17 brokers have issued 12-month target prices for Discover Financial Services' shares. Their forecasts range from $32.00 to $94.00. On average, they anticipate Discover Financial Services' share price to reach $65.29 in the next year. This suggests a possible upside of 61.3% from the stock's current price. View analysts' price targets for Discover Financial Services.

News headlines about DFS stock have trended very negative on Tuesday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Discover Financial Services earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned news coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutDiscover Financial Services.

Discover Financial Services saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 7,550,000 shares, an increase of 12.5% from the April 30th total of 6,710,000 shares. Based on an average trading volume of 4,930,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 2.5% of the company's shares are sold short. View Discover Financial Services' Current Options Chain.

Some companies that are related to Discover Financial Services include American Express (AXP), Capital One Financial (COF), Credit Acceptance (CACC), FirstCash (FCFS), SLM (SLM), Green Dot (GDOT), Nelnet (NNI), Pra Group (PRAA), Encore Capital Group (ECPG), World Acceptance (WRLD), EZCORP (EZPW), Regional Management (RM), Asta Funding (ASFI) and Nicholas Financial (NICK). View all competitors.

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

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

Discover Financial Services' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.97%), Capital World Investors (5.62%), State Street Corp (4.39%), Primecap Management Co. CA (3.88%), JPMorgan Chase & Co. (2.34%) and Geode Capital Management LLC (1.68%). Company insiders that own Discover Financial Services stock include Carlos Minetti, Cynthia A Glassman, Daniel Peter Capozzi, David W Nelms, Diane E Offereins, Edward W Mcgrogan, Glenn P Schneider, John Greene, Kathryn Mcnamara Corley, Mary K Bush, Michael H Moskow, R Mark Graf, Robert Andrew Eichfeld, Roger C Hochschild and Wanjiku Juanita Walcott. View institutional ownership trends for Discover Financial Services.

DFS stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Diamond Hill Capital Management Inc., Bessemer Group Inc., Schroder Investment Management Group, APG Asset Management N.V., APG Asset Management N.V., PNC Financial Services Group Inc., and Primecap Management Co. CA. Company insiders that have sold Discover Financial Services company stock in the last year include Diane E Offereins, Edward W Mcgrogan, Mary K Bush, and R Mark Graf. View insider buying and selling activity for Discover Financial Services.

DFS stock was purchased by a variety of institutional investors in the last quarter, including Capital Research Global Investors, JPMorgan Chase & Co., Douglass Winthrop Advisors LLC, AQR Capital Management LLC, Deutsche Bank AG, First Trust Advisors LP, Nuveen Asset Management LLC, and Avalon Investment & Advisory. Company insiders that have bought Discover Financial Services stock in the last two years include John Greene, Robert Andrew Eichfeld, Roger C Hochschild, and Wanjiku Juanita Walcott. View insider buying and selling activity for Discover Financial Services.

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

One share of DFS stock can currently be purchased for approximately $40.47.

Discover Financial Services has a market capitalization of $12.40 billion and generates $13.99 billion in revenue each year. The financial services provider earns $2.96 billion in net income (profit) each year or $9.08 on an earnings per share basis. Discover Financial Services employs 17,200 workers across the globe.

The official website for Discover Financial Services is www.discover.com.

Discover Financial Services' mailing address is 2500 Lake Cook Road, Riverwoods IL, 60015. The financial services provider can be reached via phone at 224-405-0900 or via email at [email protected]