Stifel Financial (SF) Set to Announce Earnings on Wednesday

Stifel Financial (NYSE:SF - Get Free Report) is scheduled to release its earnings data before the market opens on Wednesday, October 23rd. Analysts expect Stifel Financial to post earnings of $1.60 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.06. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The business's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 EPS. On average, analysts expect Stifel Financial to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Stifel Financial Stock Performance

Shares of SF traded up $1.53 on Thursday, reaching $102.42. The company's stock had a trading volume of 653,539 shares, compared to its average volume of 562,506. The stock's 50 day simple moving average is $89.23 and its two-hundred day simple moving average is $83.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80. The stock has a market capitalization of $10.50 billion, a P/E ratio of 21.75 and a beta of 1.09. Stifel Financial has a 12-month low of $54.81 and a 12-month high of $102.80.

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Tuesday, September 3rd. Stifel Financial's payout ratio is 35.67%.

Analyst Ratings Changes

Several brokerages have recently commented on SF. JMP Securities raised their price objective on shares of Stifel Financial from $105.00 to $110.00 and gave the company a "market outperform" rating in a research report on Wednesday, October 9th. The Goldman Sachs Group raised their price target on Stifel Financial from $85.00 to $94.00 and gave the company a "neutral" rating in a report on Thursday, September 26th. StockNews.com lowered Stifel Financial from a "buy" rating to a "hold" rating in a research note on Thursday, October 3rd. Wolfe Research downgraded Stifel Financial from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 22nd. Finally, Citigroup boosted their price target on Stifel Financial from $90.00 to $102.00 and gave the stock a "neutral" rating in a report on Friday, September 27th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $96.67.

About Stifel Financial

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.