Jefferies Financial Group (JEF) Expected to Announce Quarterly Earnings on Wednesday

Jefferies Financial Group (NYSE:JEF) is expected to issue its quarterly earnings data before the market opens on Wednesday, March 26th. Analysts expect the company to announce earnings of $0.98 per share and revenue of $1.93 billion for the quarter.

Jefferies Financial Group (NYSE:JEF) last released its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.06). The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.83 billion. Jefferies Financial Group had a net margin of 10.57% and a return on equity of 7.92%. Jefferies Financial Group’s revenue for the quarter was up 63.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. On average, analysts expect Jefferies Financial Group to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Jefferies Financial Group Stock Performance

Shares of Jefferies Financial Group stock opened at $62.22 on Tuesday. Jefferies Financial Group has a 52 week low of $40.72 and a 52 week high of $82.68. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57. The business has a 50 day moving average price of $67.88 and a 200-day moving average price of $69.54. The company has a market cap of $12.83 billion, a PE ratio of 20.88 and a beta of 1.37.

Jefferies Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Friday, February 14th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.60 annualized dividend and a dividend yield of 2.57%. This is an increase from Jefferies Financial Group’s previous quarterly dividend of $0.35. Jefferies Financial Group’s dividend payout ratio is currently 53.69%.

Wall Street Analyst Weigh In

JEF has been the subject of a number of recent analyst reports. Oppenheimer downgraded shares of Jefferies Financial Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. The Goldman Sachs Group set a $75.00 target price on Jefferies Financial Group in a report on Wednesday, March 5th. Finally, Morgan Stanley decreased their price target on Jefferies Financial Group from $92.00 to $81.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th.

About Jefferies Financial Group

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.