Jefferies Financial Group (JEF) Expected to Announce Quarterly Earnings on Wednesday

Jefferies Financial Group (NYSE:JEF) is projected to issue its quarterly earnings data 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 earnings results on Wednesday, January 8th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.06). Jefferies Financial Group had a return on equity of 7.92% and a net margin of 10.57%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the prior year, the company posted $0.30 EPS. The firm’s revenue was up 63.4% on a year-over-year basis. 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 Trading Up 0.5 %

NYSE JEF opened at $59.46 on Monday. The firm has a market capitalization of $12.26 billion, a PE ratio of 19.95 and a beta of 1.37. The stock’s 50 day moving average is $68.05 and its 200 day moving average is $69.51. Jefferies Financial Group has a twelve month low of $40.72 and a twelve month high of $82.68. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57.

Jefferies Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Friday, February 14th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.60 annualized dividend and a yield of 2.69%. This is a positive change from Jefferies Financial Group’s previous quarterly dividend of $0.35. Jefferies Financial Group’s dividend payout ratio (DPR) is currently 53.69%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on JEF shares. Morgan Stanley lowered their price target on shares of Jefferies Financial Group from $92.00 to $81.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Oppenheimer downgraded shares of Jefferies Financial Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Finally, The Goldman Sachs Group set a $75.00 price target on Jefferies Financial Group in a research report on Wednesday, March 5th.

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.