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

Jefferies Financial Group (NYSE:JEF - Get Free Report) is expected to be issuing 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 - Get Free Report) last issued its earnings results on Wednesday, January 8th. The financial services provider reported $0.91 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.06). The business had revenue of $1.96 billion during 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 in the prior year, the company earned $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 Up 0.5 %

Shares of JEF stock traded up $0.28 during trading on Friday, hitting $59.46. 1,907,305 shares of the company were exchanged, compared to its average volume of 1,422,303. The firm has a market capitalization of $12.26 billion, a price-to-earnings ratio of 19.95 and a beta of 1.37. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. The business's 50-day simple moving average is $68.05 and its 200 day simple moving average is $69.34. Jefferies Financial Group has a twelve month low of $40.72 and a twelve month high of $82.68.

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Jefferies Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Friday, February 14th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.69%. This is a positive change from Jefferies Financial Group's previous quarterly dividend of $0.35. Jefferies Financial Group's dividend payout ratio (DPR) is 53.69%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JEF. Oppenheimer lowered Jefferies Financial Group from an "outperform" rating to a "market perform" rating in a report on Wednesday. The Goldman Sachs Group set a $75.00 price target on Jefferies Financial Group in a report on Wednesday, March 5th. Finally, Morgan Stanley dropped their price objective on Jefferies Financial Group from $92.00 to $81.00 and set an "overweight" rating on the stock in a 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.