Zacks Research Boosts Earnings Estimates for Raymond James

Raymond James (NYSE:RJF) – Analysts at Zacks Research lifted their Q1 2025 earnings per share (EPS) estimates for Raymond James in a research report issued to clients and investors on Tuesday, November 12th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings of $2.59 per share for the quarter, up from their previous forecast of $2.51. The consensus estimate for Raymond James’ current full-year earnings is $10.73 per share. Zacks Research also issued estimates for Raymond James’ Q2 2025 earnings at $2.46 EPS, Q3 2025 earnings at $2.54 EPS, Q4 2025 earnings at $2.68 EPS, FY2025 earnings at $10.28 EPS, Q2 2026 earnings at $2.66 EPS, Q3 2026 earnings at $2.70 EPS and FY2027 earnings at $11.63 EPS.

Raymond James (NYSE:RJF) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.54. Raymond James had a return on equity of 19.61% and a net margin of 13.86%. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the previous year, the firm earned $2.13 earnings per share. The company’s revenue was up 13.4% on a year-over-year basis.

A number of other equities research analysts also recently commented on the company. JMP Securities lifted their target price on Raymond James from $146.00 to $150.00 and gave the stock a “market outperform” rating in a report on Thursday, October 24th. Morgan Stanley lifted their target price on Raymond James from $132.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. TD Cowen lifted their target price on Raymond James from $128.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Wells Fargo & Company boosted their price target on Raymond James from $140.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group boosted their price target on Raymond James from $125.00 to $142.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $140.91.

Raymond James Price Performance

Shares of RJF stock opened at $160.15 on Thursday. Raymond James has a fifty-two week low of $102.42 and a fifty-two week high of $163.45. The firm has a market capitalization of $32.98 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 0.82 and a beta of 0.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.99 and a current ratio of 1.02. The stock’s 50-day simple moving average is $134.32 and its 200-day simple moving average is $124.24.

Institutional Trading of Raymond James

Several large investors have recently made changes to their positions in the company. Metis Global Partners LLC increased its position in shares of Raymond James by 1.4% during the third quarter. Metis Global Partners LLC now owns 6,115 shares of the financial services provider’s stock worth $749,000 after purchasing an additional 82 shares in the last quarter. Wedmont Private Capital grew its holdings in Raymond James by 5.1% in the 3rd quarter. Wedmont Private Capital now owns 1,769 shares of the financial services provider’s stock valued at $222,000 after buying an additional 86 shares in the last quarter. Portside Wealth Group LLC grew its holdings in Raymond James by 3.9% in the 3rd quarter. Portside Wealth Group LLC now owns 2,495 shares of the financial services provider’s stock valued at $306,000 after buying an additional 93 shares in the last quarter. Gilliland Jeter Wealth Management LLC grew its holdings in Raymond James by 1.6% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 6,237 shares of the financial services provider’s stock valued at $771,000 after buying an additional 96 shares in the last quarter. Finally, Covestor Ltd grew its holdings in Raymond James by 77.0% in the 1st quarter. Covestor Ltd now owns 239 shares of the financial services provider’s stock valued at $31,000 after buying an additional 104 shares in the last quarter. 83.83% of the stock is currently owned by hedge funds and other institutional investors.

Raymond James Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Tuesday, October 1st. Raymond James’s payout ratio is 18.54%.

About Raymond James

Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.