Raymond James (RJF) Scheduled to Post Quarterly Earnings on Wednesday

Raymond James (NYSE:RJF) is set to announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $2.28 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Raymond James (NYSE:RJF) last announced its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.15. Raymond James had a return on equity of 17.95% and a net margin of 12.81%. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the prior year, the firm earned $2.29 EPS. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, analysts expect Raymond James to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Raymond James Stock Up 1.5 %

Shares of NYSE RJF opened at $125.48 on Tuesday. Raymond James has a 12-month low of $82.00 and a 12-month high of $131.19. The company has a market cap of $26.23 billion, a P/E ratio of 15.72, a P/E/G ratio of 0.87 and a beta of 1.05. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average price of $122.50 and a 200 day moving average price of $111.97.

Raymond James Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.80 annualized dividend and a dividend yield of 1.43%. Raymond James’s dividend payout ratio is presently 22.56%.

Insiders Place Their Bets

In other Raymond James news, EVP Jonathan N. Santelli sold 1,891 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $111.91, for a total value of $211,621.81. Following the transaction, the executive vice president now owns 21,491 shares of the company’s stock, valued at $2,405,057.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Raymond James news, Director Art A. Garcia purchased 879 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were bought at an average price of $112.30 per share, with a total value of $98,711.70. Following the completion of the acquisition, the director now owns 879 shares in the company, valued at approximately $98,711.70. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jonathan N. Santelli sold 1,891 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $111.91, for a total transaction of $211,621.81. Following the transaction, the executive vice president now owns 21,491 shares in the company, valued at approximately $2,405,057.81. The disclosure for this sale can be found here. 9.74% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on RJF shares. UBS Group lowered their target price on Raymond James from $116.00 to $115.00 and set a “neutral” rating for the company in a research note on Thursday, January 25th. Citigroup raised their target price on Raymond James from $112.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. JMP Securities restated a “market perform” rating on shares of Raymond James in a research note on Tuesday, April 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $116.00 price target (down previously from $125.00) on shares of Raymond James in a research report on Wednesday, January 3rd. Finally, StockNews.com cut shares of Raymond James from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $123.88.

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.