Jefferies Financial Group (JEF) Scheduled to Post Quarterly Earnings on Wednesday

Jefferies Financial Group (NYSE:JEF) will be posting its quarterly earnings results after the market closes on Wednesday, September 25th. Analysts expect the company to announce earnings of $0.81 per share for the quarter.

Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings data on Wednesday, June 26th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Jefferies Financial Group had a net margin of 7.82% and a return on equity of 5.37%. The business’s revenue for the quarter was up 59.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 earnings per share. On average, analysts expect Jefferies Financial Group to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Jefferies Financial Group Stock Performance

Shares of NYSE JEF opened at $62.07 on Tuesday. Jefferies Financial Group has a twelve month low of $31.38 and a twelve month high of $62.98. The stock has a market cap of $12.75 billion, a price-to-earnings ratio of 34.29 and a beta of 1.32. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The company’s fifty day moving average is $57.26 and its 200-day moving average is $49.75.

Jefferies Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, August 19th. This is a positive change from Jefferies Financial Group’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 2.26%. Jefferies Financial Group’s payout ratio is currently 77.35%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on JEF shares. StockNews.com lowered shares of Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, June 21st. UBS Group started coverage on Jefferies Financial Group in a report on Tuesday, September 17th. They set a “buy” rating and a $67.00 target price for the company. Morgan Stanley lifted their target price on Jefferies Financial Group from $59.00 to $64.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Oppenheimer lifted their price target on shares of Jefferies Financial Group from $64.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, September 13th.

Insiders Place Their Bets

In other Jefferies Financial Group news, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was purchased at an average price of $59.67 per share, with a total value of $551,773,323.27. Following the acquisition, the director now directly owns 9,247,081 shares of the company’s stock, valued at approximately $551,773,323.27. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 20.40% of the company’s stock.

Jefferies Financial Group Company Profile

Jefferies Financial Group Inc operates as an investment banking and capital markets firm in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Investment Banking and Capital Markets, and Asset Management. It provides investment banking, advisory services with respect to mergers or acquisitions, debt financing, restructurings or recapitalizations, and private capital advisory transactions; underwriting and placement services related to corporate debt, municipal bonds, mortgage-backed and asset-backed securities, equity and equity-linked securities, and loan syndication services; and corporate lending services.