Stifel Financial (SF) Scheduled to Post Quarterly Earnings on Wednesday

Stifel Financial (NYSE:SF) will be announcing its earnings results before the market opens on Wednesday, October 23rd. Analysts expect the company to announce earnings of $1.60 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the firm earned $1.20 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, analysts expect Stifel Financial to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Stifel Financial Price Performance

Stifel Financial stock opened at $102.21 on Monday. Stifel Financial has a 52-week low of $54.81 and a 52-week high of $103.32. The firm has a market capitalization of $10.47 billion, a price-to-earnings ratio of 23.23 and a beta of 1.09. The company has a fifty day simple moving average of $90.06 and a 200-day simple moving average of $84.15. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.38.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Tuesday, September 3rd. Stifel Financial’s dividend payout ratio is currently 38.18%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SF. Wells Fargo & Company upped their price objective on shares of Stifel Financial from $101.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. TD Cowen upped their price objective on shares of Stifel Financial from $85.00 to $88.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Wolfe Research lowered shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. StockNews.com lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Finally, Citigroup upped their price objective on shares of Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $96.67.

About Stifel Financial

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.