Raymond James (RJF) Set to Announce Earnings on Wednesday

Raymond James (NYSE:RJF) will announce its earnings results after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $2.47 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Raymond James (NYSE:RJF) last announced its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $2.39 EPS for the quarter, topping the consensus estimate of $2.31 by $0.08. Raymond James had a net margin of 13.16% and a return on equity of 18.44%. The company had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter last year, the firm posted $1.85 EPS. The company’s quarterly revenue was up 11.1% on a year-over-year basis. On average, analysts expect Raymond James to post $10 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Raymond James Stock Performance

NYSE RJF opened at $137.50 on Tuesday. The company has a market cap of $28.50 billion, a P/E ratio of 16.63, a PEG ratio of 0.90 and a beta of 1.02. The company has a fifty day simple moving average of $121.53 and a 200 day simple moving average of $120.84. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.41. Raymond James has a 12-month low of $91.67 and a 12-month high of $139.40.

Raymond James Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were issued a dividend of $0.45 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 1.31%. Raymond James’s dividend payout ratio (DPR) is currently 21.77%.

Insiders Place Their Bets

In related news, CEO Tashtego S. Elwyn sold 31,277 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $109.64, for a total transaction of $3,429,210.28. Following the sale, the chief executive officer now owns 35,380 shares of the company’s stock, valued at $3,879,063.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Tashtego S. Elwyn sold 31,277 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $109.64, for a total transaction of $3,429,210.28. Following the sale, the chief executive officer now owns 35,380 shares in the company, valued at approximately $3,879,063.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bella Loykhter Allaire sold 17,363 shares of Raymond James stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $115.00, for a total transaction of $1,996,745.00. Following the completion of the sale, the executive vice president now owns 75,586 shares of the company’s stock, valued at $8,692,390. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.74% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

RJF has been the topic of several research analyst reports. JMP Securities raised Raymond James from a “market perform” rating to a “market outperform” rating and set a $146.00 price objective on the stock in a research report on Wednesday, October 9th. JPMorgan Chase & Co. cut their price objective on shares of Raymond James from $137.00 to $135.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. The Goldman Sachs Group reduced their target price on Raymond James from $127.00 to $125.00 and set a “neutral” rating for the company in a report on Thursday, September 26th. Jefferies Financial Group upped their price target on shares of Raymond James from $123.00 to $126.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Finally, UBS Group lowered their target price on shares of Raymond James from $138.00 to $135.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Raymond James currently has an average rating of “Hold” and a consensus target price of $133.36.

Raymond James Company Profile

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.