Q1 EPS Estimates for Raymond James Raised by Zacks Research

Raymond James (NYSE:RJF - Free Report) - Stock analysts at Zacks Research raised their Q1 2025 earnings per share (EPS) estimates for Raymond James in a report issued on Tuesday, November 12th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings of $2.59 per share for the quarter, up from their prior forecast of $2.51. The consensus estimate for Raymond James' current full-year earnings is $10.73 per share. Zacks Research also issued estimates for Raymond James' Q2 2025 earnings at $2.46 EPS, Q3 2025 earnings at $2.54 EPS, Q4 2025 earnings at $2.68 EPS, FY2025 earnings at $10.28 EPS, Q2 2026 earnings at $2.66 EPS, Q3 2026 earnings at $2.70 EPS and FY2027 earnings at $11.63 EPS.

Raymond James (NYSE:RJF - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.41 by $0.54. The firm had revenue of $3.46 billion during the quarter, compared to analysts' expectations of $3.32 billion. Raymond James had a return on equity of 19.61% and a net margin of 13.86%. The company's revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.13 earnings per share.

Other equities analysts have also issued reports about the stock. Morgan Stanley upped their target price on shares of Raymond James from $132.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 29th. Bank of America raised their price target on Raymond James from $136.00 to $152.00 and gave the company a "buy" rating in a report on Thursday, October 24th. TD Cowen boosted their price objective on Raymond James from $128.00 to $150.00 and gave the stock a "hold" rating in a report on Wednesday, October 30th. JMP Securities upped their target price on shares of Raymond James from $146.00 to $150.00 and gave the company a "market outperform" rating in a research report on Thursday, October 24th. Finally, Jefferies Financial Group raised their price target on Raymond James from $123.00 to $126.00 and gave the stock a "hold" rating in a research report on Friday, October 4th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $140.91.

Raymond James Price Performance

Shares of Raymond James stock traded down $0.49 during midday trading on Thursday, hitting $160.15. 978,963 shares of the company were exchanged, compared to its average volume of 1,142,045. The firm has a 50 day simple moving average of $133.47 and a 200-day simple moving average of $123.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.02 and a quick ratio of 0.99. Raymond James has a 52 week low of $102.42 and a 52 week high of $163.45. The firm has a market cap of $32.98 billion, a P/E ratio of 16.50, a PEG ratio of 0.82 and a beta of 0.99.

Hedge Funds Weigh In On Raymond James

A number of large investors have recently added to or reduced their stakes in RJF. AGF Management Ltd. boosted its holdings in Raymond James by 17.2% during the second quarter. AGF Management Ltd. now owns 2,580,467 shares of the financial services provider's stock worth $318,972,000 after purchasing an additional 378,033 shares during the last quarter. Earnest Partners LLC boosted its stake in shares of Raymond James by 1.5% during the 2nd quarter. Earnest Partners LLC now owns 2,505,369 shares of the financial services provider's stock worth $309,689,000 after buying an additional 37,173 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Raymond James by 1.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,215,996 shares of the financial services provider's stock valued at $273,919,000 after purchasing an additional 25,494 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Raymond James by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,024,612 shares of the financial services provider's stock worth $250,238,000 after buying an additional 113,826 shares during the last quarter. Finally, APG Asset Management N.V. raised its position in Raymond James by 2.1% during the second quarter. APG Asset Management N.V. now owns 1,874,140 shares of the financial services provider's stock worth $216,153,000 after acquiring an additional 38,695 shares in the last quarter. Institutional investors own 83.83% of the company's stock.

Raymond James Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Tuesday, October 1st. Raymond James's payout ratio is currently 18.54%.

About Raymond James

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.