Jefferies Financial Group (JEF) to Release Earnings on Wednesday

Jefferies Financial Group (NYSE:JEF) is scheduled to be announcing its earnings results after the market closes on Wednesday, June 26th. Analysts expect the company to announce earnings of $0.69 per share for the quarter.

Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings results on Wednesday, March 27th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. Jefferies Financial Group had a net margin of 5.90% and a return on equity of 4.41%. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the business posted $0.55 EPS. Jefferies Financial Group’s revenue for the quarter was up 35.4% compared to the same quarter last year. On average, analysts expect Jefferies Financial Group to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Jefferies Financial Group Trading Down 0.3 %

NYSE:JEF opened at $45.75 on Monday. The company has a market capitalization of $9.70 billion, a P/E ratio of 37.50 and a beta of 1.33. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.28. Jefferies Financial Group has a 12 month low of $31.12 and a 12 month high of $47.87. The firm has a fifty day simple moving average of $44.97 and a 200-day simple moving average of $42.59.

Jefferies Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 20th were given a dividend of $0.30 per share. The ex-dividend date was Friday, May 17th. This represents a $1.20 dividend on an annualized basis and a yield of 2.62%. Jefferies Financial Group’s dividend payout ratio is currently 98.36%.

Insider Buying and Selling at Jefferies Financial Group

In other Jefferies Financial Group news, CEO Richard B. Handler sold 1,500,000 shares of Jefferies Financial Group stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $43.50, for a total transaction of $65,250,000.00. Following the completion of the transaction, the chief executive officer now owns 15,314,150 shares in the company, valued at approximately $666,165,525. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Richard B. Handler sold 1,500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $43.50, for a total transaction of $65,250,000.00. Following the sale, the chief executive officer now owns 15,314,150 shares of the company’s stock, valued at approximately $666,165,525. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Brian P. Friedman sold 55,000 shares of Jefferies Financial Group stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $46.30, for a total transaction of $2,546,500.00. Following the transaction, the president now directly owns 2,591,350 shares of the company’s stock, valued at $119,979,505. The disclosure for this sale can be found here. 20.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Oppenheimer raised their price objective on Jefferies Financial Group from $56.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, June 14th. StockNews.com downgraded shares of Jefferies Financial Group from a “buy” rating to a “hold” rating in a report on Friday. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Jefferies Financial Group has an average rating of “Moderate Buy” and an average target price of $44.33.

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.