Jefferies Financial Group (NYSE:JEF) Announces Earnings Results

Jefferies Financial Group (NYSE:JEF) issued its earnings results on Wednesday. The financial services provider reported $1.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.51, MarketWatch Earnings reports. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.74 billion. Jefferies Financial Group had a return on equity of 16.08% and a net margin of 19.62%. Jefferies Financial Group’s revenue was up 20.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 EPS.

Shares of JEF opened at $37.13 on Friday. Jefferies Financial Group has a 52 week low of $17.70 and a 52 week high of $38.54. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 6.62 and a beta of 1.49. The stock’s 50-day moving average price is $35.66 and its 200-day moving average price is $33.37.

JEF has been the subject of a number of research analyst reports. Zacks Investment Research raised Jefferies Financial Group from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Thursday. Oppenheimer reaffirmed a “buy” rating and set a $40.00 target price on shares of Jefferies Financial Group in a research report on Monday. Finally, The Goldman Sachs Group initiated coverage on Jefferies Financial Group in a research report on Monday, September 20th. They set a “buy” rating and a $45.00 target price for the company.

In other Jefferies Financial Group news, Director Melissa Weiler purchased 4,000 shares of the stock in a transaction on Monday, July 19th. The shares were bought at an average price of $32.00 per share, for a total transaction of $128,000.00. Following the completion of the transaction, the director now owns 4,000 shares of the company’s stock, valued at approximately $128,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Joseph S. Steinberg sold 97,033 shares of the stock in a transaction that occurred on Monday, August 9th. The stock was sold at an average price of $35.05, for a total value of $3,401,006.65. The disclosure for this sale can be found here. 17.10% of the stock is owned by corporate insiders.

Jefferies Financial Group Company Profile

Jefferies Financial Group, Inc is a holding company, which engages in the provision of financial services. It operates through the following segments: Investment Banking, Capital Markets, and Asset Management; Merchant Banking; and Corporate segments. The Investment Banking, Capital Markets, and Asset Management segment consists of investments in Jefferies Group.

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Earnings History for Jefferies Financial Group (NYSE:JEF)

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