Jefferies Financial Group (NYSE:JEF – Get Free Report) will likely be announcing its earnings results before the market opens on Wednesday, March 26th. Analysts expect the company to announce earnings of $0.98 per share and revenue of $1.93 billion for the quarter.
Jefferies Financial Group (NYSE:JEF – Get Free Report) last announced its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.06). Jefferies Financial Group had a net margin of 10.57% and a return on equity of 7.92%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.83 billion. The company’s quarterly revenue was up 63.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 earnings per share. On average, analysts expect Jefferies Financial Group to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Jefferies Financial Group Stock Up 1.4 %
JEF stock opened at $58.44 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57. The company’s 50 day moving average is $69.13 and its 200 day moving average is $69.49. The stock has a market cap of $12.05 billion, a price-to-earnings ratio of 19.61 and a beta of 1.37. Jefferies Financial Group has a 1-year low of $40.72 and a 1-year high of $82.68.
Jefferies Financial Group Increases Dividend
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. Oppenheimer decreased their price objective on shares of Jefferies Financial Group from $82.00 to $81.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. The Goldman Sachs Group set a $75.00 price objective on shares of Jefferies Financial Group in a research report on Wednesday, March 5th. Finally, Morgan Stanley decreased their price objective on shares of Jefferies Financial Group from $92.00 to $81.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th.
Read Our Latest Research Report on Jefferies Financial Group
About Jefferies Financial Group
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.
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