Analysts predict that Raymond James (NYSE:RJF – Get Rating) will report $2.62 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Raymond James’ earnings, with the highest sales estimate coming in at $2.66 billion and the lowest estimate coming in at $2.60 billion. Raymond James posted sales of $2.37 billion during the same quarter last year, which would indicate a positive year over year growth rate of 10.5%. The business is expected to issue its next quarterly earnings results after the market closes on Monday, January 1st.
According to Zacks, analysts expect that Raymond James will report full year sales of $10.99 billion for the current year, with estimates ranging from $10.76 billion to $11.23 billion. For the next fiscal year, analysts anticipate that the business will post sales of $12.54 billion, with estimates ranging from $12.14 billion to $13.10 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Raymond James.
Raymond James (NYSE:RJF – Get Rating) last issued its quarterly earnings results on Wednesday, January 26th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.35. Raymond James had a return on equity of 20.04% and a net margin of 14.68%. The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period in the previous year, the company posted $1.49 earnings per share.
In other news, EVP Bella Loykhter Allaire sold 15,000 shares of Raymond James stock in a transaction dated Thursday, February 10th. The stock was sold at an average price of $114.78, for a total transaction of $1,721,700.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Jeffrey A. Dowdle sold 18,972 shares of Raymond James stock in a transaction dated Monday, February 7th. The shares were sold at an average price of $112.73, for a total value of $2,138,713.56. The disclosure for this sale can be found here. Insiders own 10.25% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of RJF. Future Financial Wealth Managment LLC acquired a new position in Raymond James during the fourth quarter worth $27,000. Evoke Wealth LLC lifted its position in Raymond James by 1,780.0% during the 4th quarter. Evoke Wealth LLC now owns 282 shares of the financial services provider’s stock worth $28,000 after buying an additional 267 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Raymond James by 49.8% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 316 shares of the financial services provider’s stock worth $29,000 after buying an additional 105 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Raymond James by 59.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 327 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 122 shares in the last quarter. Finally, CWM LLC acquired a new stake in shares of Raymond James in the fourth quarter valued at about $34,000. Institutional investors own 74.23% of the company’s stock.
NYSE:RJF opened at $111.80 on Friday. The firm has a market cap of $23.21 billion, a PE ratio of 15.43 and a beta of 1.08. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.36. Raymond James has a 12 month low of $81.96 and a 12 month high of $117.37. The company’s 50-day moving average price is $106.95 and its two-hundred day moving average price is $102.80.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 18th. Investors of record on Monday, April 4th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, April 1st. Raymond James’s dividend payout ratio is currently 18.77%.
Raymond James Company Profile (Get Rating)
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.
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