Q1 EPS Estimates for Raymond James Lifted by Zacks Research

Raymond James (NYSE:RJF) – Research analysts at Zacks Research upped their Q1 2025 earnings per share estimates for Raymond James in a note issued to investors on Friday, November 15th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings of $2.67 per share for the quarter, up from their previous estimate of $2.59. The consensus estimate for Raymond James’ current full-year earnings is $10.83 per share. Zacks Research also issued estimates for Raymond James’ Q2 2025 earnings at $2.52 EPS, Q3 2025 earnings at $2.61 EPS, Q4 2025 earnings at $2.82 EPS, FY2025 earnings at $10.62 EPS, Q1 2026 earnings at $2.69 EPS and FY2026 earnings at $11.22 EPS.

Raymond James (NYSE:RJF) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.54. The company had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Raymond James had a return on equity of 19.61% and a net margin of 13.86%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.13 earnings per share.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group boosted their target price on Raymond James from $125.00 to $142.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Morgan Stanley boosted their target price on Raymond James from $132.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. JMP Securities boosted their target price on Raymond James from $146.00 to $150.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. reduced their target price on Raymond James from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Finally, Wells Fargo & Company boosted their target price on Raymond James from $140.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Raymond James currently has an average rating of “Hold” and a consensus target price of $140.91.

Raymond James Price Performance

Raymond James stock opened at $160.68 on Monday. Raymond James has a 52 week low of $102.42 and a 52 week high of $163.45. The business has a 50-day simple moving average of $135.23 and a 200 day simple moving average of $124.53. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.41. The stock has a market cap of $33.09 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 0.81 and a beta of 0.99.

Raymond James Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.12%. Raymond James’s payout ratio is 18.54%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RJF. Wellington Management Group LLP boosted its position in Raymond James by 31.4% during the third quarter. Wellington Management Group LLP now owns 12,114,502 shares of the financial services provider’s stock worth $1,483,542,000 after acquiring an additional 2,898,242 shares during the last quarter. Ceredex Value Advisors LLC raised its stake in Raymond James by 191.3% during the third quarter. Ceredex Value Advisors LLC now owns 722,393 shares of the financial services provider’s stock worth $88,464,000 after purchasing an additional 474,443 shares during the period. AGF Management Ltd. raised its stake in shares of Raymond James by 17.2% in the 2nd quarter. AGF Management Ltd. now owns 2,580,467 shares of the financial services provider’s stock valued at $318,972,000 after acquiring an additional 378,033 shares during the period. Two Sigma Advisers LP purchased a new stake in shares of Raymond James in the 3rd quarter valued at approximately $34,105,000. Finally, Worldquant Millennium Advisors LLC purchased a new stake in shares of Raymond James in the 3rd quarter valued at approximately $28,985,000. Hedge funds and other institutional investors own 83.83% of the company’s stock.

About Raymond James

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.