Jefferies Financial Group (JEF) to Release Quarterly Earnings on Wednesday

Jefferies Financial Group (NYSE:JEF) 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) 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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Friday, February 14th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.74%. This is a boost from Jefferies Financial Group’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, February 14th. Jefferies Financial Group’s dividend payout ratio is 53.69%.

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.

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.