Jefferies Financial Group (NYSE:JEF) Issues Earnings Results

by · The Markets Daily

Jefferies Financial Group (NYSE:JEF – Get Free Report) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.03), Yahoo Finance reports. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.71 billion. Jefferies Financial Group had a net margin of 7.82% and a return on equity of 5.37%. Jefferies Financial Group’s revenue for the quarter was up 42.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 earnings per share.

Jefferies Financial Group Stock Down 1.4 %

Shares of NYSE JEF opened at $61.10 on Friday. Jefferies Financial Group has a 52-week low of $31.38 and a 52-week high of $62.98. The firm has a market capitalization of $12.56 billion, a price-to-earnings ratio of 33.76 and a beta of 1.32. The stock has a 50 day moving average price of $57.62 and a 200 day moving average price of $50.04. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.91 and a current ratio of 0.91.

Jefferies Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, November 18th. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 77.35%.

Insiders Place Their Bets

In other news, Director Mitsui Financial Grou Sumitomo purchased 9,247,081 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were acquired at an average price of $59.67 per share, with a total value of $551,773,323.27. Following the transaction, the director now owns 9,247,081 shares of the company’s stock, valued at $551,773,323.27. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 20.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

JEF has been the subject of a number of analyst reports. StockNews.com downgraded Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, June 21st. Oppenheimer raised their target price on shares of Jefferies Financial Group from $64.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, September 13th. UBS Group assumed 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 objective on the stock. Finally, Morgan Stanley boosted their target price on Jefferies Financial Group from $59.00 to $64.00 and gave the company an “equal weight” rating in a research report on Monday.

View Our Latest Analysis on Jefferies Financial Group

About Jefferies Financial Group

(Get Free Report)

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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