Jefferies Financial Group (NYSE:JEF) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Jefferies Financial Group (NYSE:JEF) posted its earnings results on Wednesday. The financial services provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.03), Yahoo Finance reports. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Jefferies Financial Group had a return on equity of 5.37% and a net margin of 7.82%. Jefferies Financial Group’s revenue for the quarter was up 42.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 EPS.

Jefferies Financial Group Stock Down 0.0 %

Shares of NYSE:JEF traded down $0.03 during midday trading on Friday, reaching $61.12. The company’s stock had a trading volume of 407,484 shares, compared to its average volume of 1,206,703. The firm has a 50 day moving average of $57.62 and a 200-day moving average of $50.04. The firm has a market capitalization of $12.56 billion, a P/E ratio of 33.76 and a beta of 1.32. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. Jefferies Financial Group has a 12-month low of $31.38 and a 12-month high of $62.98.

Jefferies Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, November 18th. Jefferies Financial Group’s dividend payout ratio is presently 77.35%.

Analysts Set New Price Targets

Several equities analysts recently commented on JEF shares. UBS Group started coverage on shares of Jefferies Financial Group in a research note on Tuesday, September 17th. They set a “buy” rating and a $67.00 price objective for the company. StockNews.com lowered shares of Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, June 21st. Morgan Stanley lifted their target price on shares of Jefferies Financial Group from $59.00 to $64.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Oppenheimer boosted their price objective on shares of Jefferies Financial Group from $64.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, September 13th.

Insider Transactions at Jefferies Financial Group

In other news, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were bought at an average cost of $59.67 per share, with a total value of $551,773,323.27. Following the transaction, the director now owns 9,247,081 shares of the company’s stock, valued at approximately $551,773,323.27. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 20.40% of the company’s stock.

Jefferies Financial Group Company Profile

Jefferies Financial Group Inc operates as an investment banking and capital markets firm in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Investment Banking and Capital Markets, and Asset Management. It provides investment banking, advisory services with respect to mergers or acquisitions, debt financing, restructurings or recapitalizations, and private capital advisory transactions; underwriting and placement services related to corporate debt, municipal bonds, mortgage-backed and asset-backed securities, equity and equity-linked securities, and loan syndication services; and corporate lending services.