Analysts Set Expectations for Raymond James FY2027 Earnings

Raymond James (NYSE:RJF) – Investment analysts at Zacks Research boosted their FY2027 EPS estimates for shares of Raymond James in a research note issued to investors on Wednesday, May 14th. Zacks Research analyst R. Department now expects that the financial services provider will earn $11.97 per share for the year, up from their previous estimate of $11.92. The consensus estimate for Raymond James’ current full-year earnings is $11.17 per share.

Raymond James (NYSE:RJF) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.02). The firm had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Raymond James had a return on equity of 19.71% and a net margin of 14.06%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.31 earnings per share.

A number of other brokerages have also issued reports on RJF. The Goldman Sachs Group cut their price objective on shares of Raymond James from $198.00 to $173.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Bank of America lowered shares of Raymond James from a “buy” rating to a “neutral” rating and set a $159.00 price objective for the company. in a report on Wednesday, April 30th. Citigroup cut their price objective on shares of Raymond James from $180.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods increased their price objective on shares of Raymond James from $170.00 to $177.00 and gave the company a “market perform” rating in a report on Thursday, January 30th. Finally, StockNews.com lowered shares of Raymond James from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Eleven analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $153.82.

Raymond James Trading Down 0.2%

Raymond James stock opened at $153.59 on Monday. The firm has a 50 day moving average of $139.53 and a 200 day moving average of $152.56. The firm has a market capitalization of $30.99 billion, a price-to-earnings ratio of 14.98, a P/E/G ratio of 0.90 and a beta of 1.02. Raymond James has a 12-month low of $104.24 and a 12-month high of $174.32. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35.

Raymond James Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Tuesday, April 1st. Raymond James’s dividend payout ratio (DPR) is presently 19.25%.

Insider Activity at Raymond James

In other Raymond James news, insider James E. Bunn sold 3,650 shares of Raymond James stock in a transaction on Monday, April 28th. The shares were sold at an average price of $136.49, for a total transaction of $498,188.50. Following the completion of the transaction, the insider now directly owns 78,227 shares of the company’s stock, valued at $10,677,203.23. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RJF. CX Institutional lifted its position in shares of Raymond James by 2.9% during the fourth quarter. CX Institutional now owns 2,323 shares of the financial services provider’s stock worth $361,000 after purchasing an additional 66 shares during the last quarter. Crestwood Advisors Group LLC lifted its position in shares of Raymond James by 3.5% during the fourth quarter. Crestwood Advisors Group LLC now owns 1,982 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 67 shares during the last quarter. Formidable Asset Management LLC lifted its position in shares of Raymond James by 0.9% during the fourth quarter. Formidable Asset Management LLC now owns 7,901 shares of the financial services provider’s stock worth $1,227,000 after purchasing an additional 67 shares during the last quarter. Stablepoint Partners LLC lifted its position in shares of Raymond James by 0.5% during the fourth quarter. Stablepoint Partners LLC now owns 14,651 shares of the financial services provider’s stock worth $2,276,000 after purchasing an additional 73 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of Raymond James by 2.2% during the first quarter. Venturi Wealth Management LLC now owns 3,318 shares of the financial services provider’s stock worth $461,000 after purchasing an additional 73 shares during the last quarter. 83.83% of the stock is owned by hedge funds and other institutional investors.

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.