Raymond James (RJF) Set to Announce Quarterly Earnings on Wednesday

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Raymond James (NYSE:RJF) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, July 24th. Analysts expect the company to announce earnings of $1.86 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Raymond James (NYSE:RJF) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.14. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.86 billion. Raymond James had a net margin of 12.90% and a return on equity of 15.90%. The business’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 EPS. On average, analysts expect Raymond James to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Raymond James stock opened at $85.69 on Tuesday. The company has a 50 day moving average of $83.92. The stock has a market cap of $11.96 billion, a P/E ratio of 13.24 and a beta of 1.52. Raymond James has a 1 year low of $69.11 and a 1 year high of $97.62. The company has a quick ratio of 1.08, a current ratio of 1.11 and a debt-to-equity ratio of 0.42.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.59%. The ex-dividend date was Friday, June 28th. Raymond James’s payout ratio is currently 21.02%.

In other Raymond James news, insider Paul D. Allison sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $90.46, for a total transaction of $452,300.00. Following the completion of the transaction, the insider now owns 24,352 shares in the company, valued at approximately $2,202,881.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jonathan N. Santelli sold 725 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $84.82, for a total transaction of $61,494.50. Following the completion of the transaction, the executive vice president now owns 3,003 shares of the company’s stock, valued at approximately $254,714.46. The disclosure for this sale can be found here. Insiders have sold a total of 109,881 shares of company stock valued at $10,012,987 in the last quarter. 10.74% of the stock is currently owned by company insiders.

Several equities research analysts recently weighed in on RJF shares. Zacks Investment Research raised shares of IQE from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. Citigroup downgraded shares of Apergy from a “buy” rating to a “neutral” rating and cut their target price for the stock from $41.00 to $34.00 in a research note on Tuesday, July 9th. Wells Fargo & Co reaffirmed a “hold” rating on shares of AON in a research note on Friday, April 5th. Argus reaffirmed a “buy” rating and set a $215.00 target price on shares of AvalonBay Communities in a research note on Tuesday, April 30th. Finally, ValuEngine raised shares of WPP from a “sell” rating to a “hold” rating in a research note on Wednesday, June 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. Raymond James currently has a consensus rating of “Buy” and an average target price of $94.88.

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.

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Earnings History for Raymond James (NYSE:RJF)

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