Equities analysts predict that Raymond James (NYSE:RJF) will post $0.57 earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for Raymond James’ earnings. Raymond James posted earnings of $1.80 per share in the same quarter last year, which indicates a negative year over year growth rate of 68.3%. The business is scheduled to report its next quarterly earnings results on Wednesday, July 22nd.

According to Zacks, analysts expect that Raymond James will report full-year earnings of $4.60 per share for the current fiscal year. For the next year, analysts forecast that the firm will report earnings of $6.25 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Raymond James.

Raymond James (NYSE:RJF) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.26). Raymond James had a return on equity of 14.55% and a net margin of 11.64%. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the business posted $1.81 EPS. The business’s quarterly revenue was up 11.2% on a year-over-year basis.

RJF has been the subject of several recent research reports. Compass Point downgraded shares of Raymond James from a “buy” rating to a “neutral” rating and set a $65.00 target price for the company. in a research note on Friday, May 1st. JMP Securities dropped their target price on shares of Raymond James from $106.00 to $84.00 and set a “market outperform” rating for the company in a research report on Thursday, April 9th. Citigroup upgraded shares of Raymond James from a “sell” rating to a “neutral” rating and dropped their target price for the company from $71.00 to $60.00 in a research report on Wednesday, March 25th. Goldman Sachs Group lowered shares of Raymond James from a “neutral” rating to a “sell” rating in a research report on Tuesday, March 24th. Finally, ValuEngine upgraded shares of Raymond James from a “sell” rating to a “hold” rating in a research report on Monday, June 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Raymond James presently has an average rating of “Hold” and an average price target of $69.33.

Shares of RJF traded up $2.00 during trading hours on Monday, hitting $68.40. The company’s stock had a trading volume of 624,127 shares, compared to its average volume of 1,266,745. The company has a market cap of $9.10 billion, a price-to-earnings ratio of 10.13 and a beta of 1.37. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 1.05. The business has a 50 day simple moving average of $69.87 and a two-hundred day simple moving average of $77.94. Raymond James has a 52-week low of $54.21 and a 52-week high of $102.45.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be issued a dividend of $0.37 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.48 dividend on an annualized basis and a yield of 2.16%. Raymond James’s dividend payout ratio is currently 20.00%.

In related news, EVP Jonathan N. Santelli sold 1,250 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $81.33, for a total transaction of $101,662.50. Following the completion of the sale, the executive vice president now directly owns 2,503 shares in the company, valued at approximately $203,568.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President John C. Jr. Carson sold 10,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $82.53, for a total transaction of $825,300.00. Following the transaction, the president now directly owns 46,224 shares in the company, valued at $3,814,866.72. The disclosure for this sale can be found here. Insiders have sold a total of 20,400 shares of company stock valued at $1,673,420 over the last quarter. 10.82% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in RJF. Synovus Financial Corp grew its position in shares of Raymond James by 397.4% in the 1st quarter. Synovus Financial Corp now owns 771 shares of the financial services provider’s stock worth $47,000 after buying an additional 616 shares during the period. Orion Portfolio Solutions LLC purchased a new stake in shares of Raymond James in the 4th quarter worth about $48,000. Pacitti Group Inc. purchased a new stake in shares of Raymond James in the 4th quarter worth about $50,000. Benjamin F. Edwards & Company Inc. grew its position in shares of Raymond James by 25.5% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 860 shares of the financial services provider’s stock worth $54,000 after buying an additional 175 shares during the period. Finally, Meeder Asset Management Inc. grew its position in shares of Raymond James by 429.2% in the 4th quarter. Meeder Asset Management Inc. now owns 762 shares of the financial services provider’s stock worth $68,000 after buying an additional 618 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Raymond James Company Profile

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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