Raymond James (RJF) to Release Earnings on Wednesday

Raymond James (NYSE:RJF - Get Free Report) is anticipated to release its earnings data after the market closes on Wednesday, April 23rd. Analysts expect Raymond James to post earnings of $2.57 per share and revenue of $3.46 billion for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Raymond James (NYSE:RJF - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.31. Raymond James had a return on equity of 19.71% and a net margin of 14.06%. On average, analysts expect Raymond James to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Raymond James Price Performance

NYSE RJF traded up $1.30 during trading hours on Friday, reaching $133.48. The company's stock had a trading volume of 2,421,796 shares, compared to its average volume of 1,299,323. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.03. The stock has a market cap of $27.35 billion, a PE ratio of 13.02, a PEG ratio of 0.90 and a beta of 0.94. The company's 50-day moving average is $143.53 and its two-hundred day moving average is $151.26. Raymond James has a fifty-two week low of $104.24 and a fifty-two week high of $174.32.

Raymond James Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, April 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.50%. Raymond James's dividend payout ratio (DPR) is 19.51%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RJF. UBS Group raised Raymond James from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Keefe, Bruyette & Woods raised their price target on shares of Raymond James from $170.00 to $177.00 and gave the stock a "market perform" rating in a research note on Thursday, January 30th. Bank of America boosted their price objective on shares of Raymond James from $198.00 to $201.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Morgan Stanley lifted their target price on shares of Raymond James from $149.00 to $161.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. Finally, StockNews.com lowered Raymond James from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Nine investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $160.27.

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.