Raymond James (RJF) Scheduled to Post Quarterly Earnings on Wednesday

Raymond James (NYSE:RJF) will be posting its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Raymond James to post earnings of $2.28 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Raymond James (NYSE:RJF) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.15. Raymond James had a net margin of 12.81% and a return on equity of 17.95%. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the previous year, the firm posted $2.29 EPS. The business’s revenue was up 8.0% compared to the same quarter last year. On average, analysts expect Raymond James to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Raymond James Stock Performance

NYSE:RJF opened at $125.48 on Tuesday. The firm’s 50-day moving average is $122.50 and its 200-day moving average is $111.97. Raymond James has a 52-week low of $82.00 and a 52-week high of $131.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 0.99. The company has a market cap of $26.23 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 0.87 and a beta of 1.05.

Raymond James Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.80 annualized dividend and a dividend yield of 1.43%. Raymond James’s payout ratio is 22.56%.

Insider Buying and Selling at Raymond James

In other news, Director Art A. Garcia purchased 879 shares of Raymond James stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $112.30 per share, for a total transaction of $98,711.70. Following the completion of the transaction, the director now directly owns 879 shares in the company, valued at $98,711.70. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Jonathan N. Santelli sold 1,891 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $111.91, for a total transaction of $211,621.81. Following the transaction, the executive vice president now directly owns 21,491 shares in the company, valued at $2,405,057.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Art A. Garcia bought 879 shares of Raymond James stock in a transaction dated Friday, February 9th. The shares were bought at an average price of $112.30 per share, for a total transaction of $98,711.70. Following the completion of the transaction, the director now directly owns 879 shares of the company’s stock, valued at approximately $98,711.70. The disclosure for this purchase can be found here. Company insiders own 9.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RJF shares. Jefferies Financial Group reissued a “hold” rating and issued a $117.00 target price (up previously from $112.00) on shares of Raymond James in a research note on Tuesday, January 9th. UBS Group lowered their target price on shares of Raymond James from $116.00 to $115.00 and set a “neutral” rating on the stock in a research note on Thursday, January 25th. The Goldman Sachs Group reissued a “neutral” rating and issued a $116.00 target price (down previously from $125.00) on shares of Raymond James in a research note on Wednesday, January 3rd. TD Cowen upped their target price on shares of Raymond James from $116.50 to $131.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. Finally, StockNews.com cut shares of Raymond James from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $123.88.

Raymond James Company Profile

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.