Brokers Offer Predictions for Jefferies Financial Group Inc’s Q3 2019 Earnings (NYSE:JEF)

Jefferies Financial Group Inc (NYSE:JEF) – Analysts at Oppenheimer lifted their Q3 2019 earnings per share (EPS) estimates for Jefferies Financial Group in a note issued to investors on Thursday, March 28th, Zacks Investment Research reports. Oppenheimer analyst C. Kotowski now expects that the financial services provider will earn $0.39 per share for the quarter, up from their previous estimate of $0.38. Oppenheimer also issued estimates for Jefferies Financial Group’s FY2020 earnings at $1.32 EPS.

Several other research firms have also weighed in on JEF. Zacks Investment Research upgraded shares of Jefferies Financial Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 24th. ValuEngine lowered shares of Jefferies Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th.

JEF stock traded up $0.16 during trading on Monday, hitting $20.26. 1,497,425 shares of the company’s stock traded hands, compared to its average volume of 2,111,738. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.37 and a quick ratio of 1.37. Jefferies Financial Group has a 52 week low of $16.20 and a 52 week high of $25.07. The firm has a market cap of $6.01 billion, a price-to-earnings ratio of 13.90 and a beta of 1.33.

Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings results on Thursday, March 28th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.10). Jefferies Financial Group had a return on equity of 6.70% and a net margin of 10.07%. The company had revenue of $828.40 million during the quarter, compared to the consensus estimate of $1.03 billion. The business’s revenue was down 7.5% compared to the same quarter last year.

Several institutional investors and hedge funds have recently made changes to their positions in JEF. Baillie Gifford & Co. increased its holdings in shares of Jefferies Financial Group by 0.7% in the 4th quarter. Baillie Gifford & Co. now owns 13,901,018 shares of the financial services provider’s stock valued at $241,322,000 after purchasing an additional 101,426 shares during the period. Great West Life Assurance Co. Can boosted its position in Jefferies Financial Group by 2.7% during the fourth quarter. Great West Life Assurance Co. Can now owns 6,019,409 shares of the financial services provider’s stock worth $101,391,000 after purchasing an additional 157,410 shares during the period. Northern Trust Corp boosted its position in Jefferies Financial Group by 0.3% during the fourth quarter. Northern Trust Corp now owns 3,382,970 shares of the financial services provider’s stock worth $58,728,000 after purchasing an additional 11,049 shares during the period. Dimensional Fund Advisors LP boosted its position in Jefferies Financial Group by 15.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,648,568 shares of the financial services provider’s stock worth $45,984,000 after purchasing an additional 359,949 shares during the period. Finally, Norges Bank bought a new stake in Jefferies Financial Group during the fourth quarter worth approximately $37,879,000. 79.30% of the stock is owned by institutional investors.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Friday, May 17th.

Jefferies Financial Group Company Profile

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.

Read More: What is the Ex-Dividend Date in Investing?

Get a free copy of the Zacks research report on Jefferies Financial Group (JEF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Jefferies Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jefferies Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.