Jefferies Financial Group (NYSE:JEF – Get Free Report) released its earnings results on Wednesday. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.06), Briefing.com reports. Jefferies Financial Group had a return on equity of 6.40% and a net margin of 9.27%. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the prior year, the business earned $0.30 earnings per share. The business’s quarterly revenue was up 63.4% compared to the same quarter last year.
Jefferies Financial Group Price Performance
Shares of NYSE JEF opened at $80.11 on Thursday. The stock’s 50-day simple moving average is $76.48 and its two-hundred day simple moving average is $64.47. Jefferies Financial Group has a twelve month low of $38.77 and a twelve month high of $82.68. The firm has a market capitalization of $16.46 billion, a P/E ratio of 34.24 and a beta of 1.35. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.53.
Jefferies Financial Group Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Friday, February 14th will be paid a dividend of $0.40 per share. This is a positive change from Jefferies Financial Group’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 2.00%. Jefferies Financial Group’s dividend payout ratio (DPR) is currently 59.83%.
Insider Transactions at Jefferies Financial Group
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. Oppenheimer decreased their price objective on Jefferies Financial Group from $82.00 to $81.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. UBS Group initiated coverage on shares of Jefferies Financial Group in a research report on Tuesday, September 17th. They issued a “buy” rating and a $67.00 price target on the stock. Finally, Morgan Stanley raised shares of Jefferies Financial Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $67.00 to $97.00 in a report on Monday, December 9th.
Check Out Our Latest Stock Analysis on Jefferies Financial Group
Jefferies Financial Group Company Profile
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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