Discover Financial Services - DFS Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Discover Financial Services in the last twelve months. There are currently 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" DFS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DFS, but not buy additional shares or sell existing shares.
View DFS analyst ratings or view top-rated stocks.

13 Wall Street research analysts have issued 12 month target prices for Discover Financial Services' shares. Their DFS share price forecasts range from $97.00 to $143.00. On average, they predict the company's stock price to reach $121.86 in the next twelve months. This suggests a possible upside of 30.0% from the stock's current price.
View analysts price targets for DFS or view top-rated stocks among Wall Street analysts.

Discover Financial Services' stock was trading at $115.56 at the beginning of 2022. Since then, DFS stock has decreased by 18.9% and is now trading at $93.73.
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Discover Financial Services saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 3,310,000 shares, an increase of 16.5% from the August 15th total of 2,840,000 shares. Based on an average trading volume of 1,840,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.2% of the shares of the company are sold short.
View Discover Financial Services' Short Interest.

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

Discover Financial Services (NYSE:DFS) announced its quarterly earnings results on Wednesday, July, 20th. The financial services provider reported $3.96 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.21. The financial services provider had revenue of $3.22 billion for the quarter, compared to analysts' expectations of $3.18 billion. Discover Financial Services had a trailing twelve-month return on equity of 36.35% and a net margin of 34.89%. Discover Financial Services's revenue was down 9.9% compared to the same quarter last year. During the same quarter last year, the company earned $5.55 earnings per share.
Read the conference call transcript.

Discover Financial Services announced a quarterly dividend on Wednesday, July 20th. Investors of record on Thursday, August 25th will be given a dividend of $0.60 per share on Thursday, September 8th. This represents a $2.40 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Wednesday, August 24th.
Read our dividend analysis for DFS.

Discover Financial Services (NYSE:DFS) pays an annual dividend of $2.40 per share and currently has a dividend yield of 2.56%. The company has been increasing its dividend for 10 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 16.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DFS.

Discover Financial Services declared that its Board of Directors has authorized a stock buyback program on Wednesday, July 21st 2021, which permits the company to repurchase $2,400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 6.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

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.

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).

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 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 Legal & General Group Plc (0.85%). 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.

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.
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One share of DFS stock can currently be purchased for approximately $93.73.

Discover Financial Services (NYSE:DFS) has a market capitalization of $25.60 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.

The company employs 16,700 workers across the globe.

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.