Media headlines about Discover Financial Services (NYSE:DFS) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Discover Financial Services earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.2863496563435 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Discover Financial Services Declares Semi-Annual Dividend for Preferred and Quarterly Dividend for Common Stock (markets.financialcontent.com)
- Brokerages Expect Discover Financial Services (DFS) Will Announce Earnings of $1.53 Per Share (americanbankingnews.com)
- Discover Increases Acceptance in Hong Kong (finance.yahoo.com)
- Equities Analysts Issue Forecasts for Discover Financial Services’ Q1 2018 Earnings (DFS) (americanbankingnews.com)
- 2017 CIO of the Year, Glenn Schneider, EVP & CIO of Discover Financial to Speak at the February 1 AITP Chicago Dinner Meeting (prweb.com)
Several equities analysts have recently issued reports on the company. Barclays set a $95.00 price objective on Discover Financial Services and gave the company a “buy” rating in a report on Friday, January 12th. Jefferies Group reissued a “buy” rating and issued a $91.00 price objective on shares of Discover Financial Services in a report on Thursday, January 11th. Royal Bank of Canada reissued a “buy” rating and issued a $107.00 price objective on shares of Discover Financial Services in a report on Tuesday, January 9th. Wells Fargo & Co reissued a “market perform” rating and issued a $83.00 price objective (up previously from $69.00) on shares of Discover Financial Services in a report on Tuesday, January 9th. Finally, Stephens set a $73.00 price objective on Discover Financial Services and gave the company a “sell” rating in a report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $80.76.
Discover Financial Services (NYSE:DFS) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.06. Discover Financial Services had a return on equity of 21.01% and a net margin of 20.04%. equities analysts anticipate that Discover Financial Services will post 5.93 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 22nd will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.79%. Discover Financial Services’s dividend payout ratio (DPR) is currently 24.10%.
In other Discover Financial Services news, CFO R. Mark Graf sold 16,503 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $66.67, for a total transaction of $1,100,255.01. Following the completion of the sale, the chief financial officer now directly owns 82,402 shares in the company, valued at approximately $5,493,741.34. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David W. Nelms sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $66.80, for a total value of $2,004,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 179,277 shares of company stock valued at $12,673,925. 0.96% of the stock is owned by company insiders.
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Discover Financial Services Company Profile
Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.
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