Q3 2019 Earnings Estimate for Jefferies Financial Group Inc (NYSE:JEF) Issued By Oppenheimer

Jefferies Financial Group Inc (NYSE:JEF) – Analysts at Oppenheimer raised their Q3 2019 earnings estimates for Jefferies Financial Group in a note issued to investors on Wednesday, July 10th. Oppenheimer analyst C. Kotowski now forecasts that the financial services provider will earn $0.42 per share for the quarter, up from their prior forecast of $0.40. Oppenheimer also issued estimates for Jefferies Financial Group’s Q4 2019 earnings at $0.35 EPS, FY2019 earnings at $1.34 EPS and FY2020 earnings at $1.70 EPS.

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. ValuEngine cut shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Jefferies Financial Group in a research report on Thursday. They set a “market perform” rating and a $23.00 price objective on the stock.

Shares of NYSE:JEF opened at $21.37 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.37 and a quick ratio of 1.37. Jefferies Financial Group has a 1-year low of $16.20 and a 1-year high of $25.07. The stock has a market capitalization of $6.41 billion, a P/E ratio of 26.38 and a beta of 1.40. The firm’s 50 day moving average price is $18.93.

Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings results on Wednesday, July 3rd. The financial services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.17. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.01 billion. The firm’s quarterly revenue was up 20.9% compared to the same quarter last year.

Several institutional investors have recently added to or reduced their stakes in the company. Bank of Hawaii raised its position in shares of Jefferies Financial Group by 4.6% during the first quarter. Bank of Hawaii now owns 14,748 shares of the financial services provider’s stock valued at $277,000 after buying an additional 644 shares during the last quarter. Sterneck Capital Management LLC raised its position in shares of Jefferies Financial Group by 5.9% during the first quarter. Sterneck Capital Management LLC now owns 12,500 shares of the financial services provider’s stock valued at $235,000 after buying an additional 700 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Jefferies Financial Group by 6.8% during the first quarter. Daiwa Securities Group Inc. now owns 11,750 shares of the financial services provider’s stock valued at $221,000 after buying an additional 750 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Jefferies Financial Group by 4.2% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 20,684 shares of the financial services provider’s stock valued at $388,000 after buying an additional 834 shares during the last quarter. Finally, Investors Research Corp raised its position in shares of Jefferies Financial Group by 2.1% during the second quarter. Investors Research Corp now owns 48,967 shares of the financial services provider’s stock valued at $942,000 after buying an additional 1,005 shares during the last quarter. Hedge funds and other institutional investors own 76.02% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Monday, August 19th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Friday, August 16th. Jefferies Financial Group’s payout ratio is currently 61.73%.

About Jefferies Financial Group

Jefferies Financial Group Inc, a financial services company, engages in investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, and Asia. the company also offers equities research, sales, and trading services; equity finance services comprising financing, securities lending, and other prime brokerage services; and wealth management services to high net worth individuals, their families and businesses, private equity and venture funds, and small institutions.

Further Reading: Relative Strength Index

Earnings History and Estimates for Jefferies Financial Group (NYSE:JEF)

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