Analysts Anticipate JMP Group LLC (JMP) Will Post Quarterly Sales of $25.33 Million

Equities research analysts expect JMP Group LLC (NYSE:JMP) to report $25.33 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for JMP Group’s earnings. The lowest sales estimate is $24.80 million and the highest is $25.85 million. JMP Group posted sales of $27.21 million during the same quarter last year, which suggests a negative year-over-year growth rate of 6.9%. The business is scheduled to issue its next earnings results on Wednesday, May 1st.

According to Zacks, analysts expect that JMP Group will report full-year sales of $131.55 million for the current financial year, with estimates ranging from $129.60 million to $133.50 million. For the next year, analysts expect that the company will report sales of $142.89 million, with estimates ranging from $140.17 million to $145.60 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow JMP Group.

JMP Group (NYSE:JMP) last announced its quarterly earnings data on Wednesday, February 13th. The financial services provider reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.06. The firm had revenue of $31.70 million during the quarter, compared to analyst estimates of $31.10 million. JMP Group had a negative net margin of 1.60% and a positive return on equity of 5.93%.

Several equities analysts recently commented on JMP shares. Singular Research reaffirmed a “buy” rating on shares of JMP Group in a research report on Tuesday, February 26th. Barrington Research reaffirmed a “buy” rating and issued a $8.00 price objective on shares of JMP Group in a research report on Friday, December 28th. ValuEngine lowered shares of JMP Group from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Finally, Zacks Investment Research raised shares of JMP Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $6.50.

Shares of JMP Group stock traded up $0.05 during midday trading on Friday, hitting $4.00. The company had a trading volume of 40,832 shares, compared to its average volume of 23,860. The firm has a market capitalization of $83.98 million, a P/E ratio of 14.29, a PEG ratio of 1.19 and a beta of 0.99. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 12.53. JMP Group has a 12-month low of $3.75 and a 12-month high of $5.72.

In other JMP Group news, CEO Joseph A. Jolson purchased 12,695 shares of JMP Group stock in a transaction on Wednesday, March 27th. The stock was bought at an average cost of $4.00 per share, with a total value of $50,780.00. Following the transaction, the chief executive officer now owns 77,026 shares of the company’s stock, valued at approximately $308,104. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph A. Jolson purchased 54,169 shares of JMP Group stock in a transaction on Monday, April 1st. The shares were acquired at an average cost of $3.89 per share, with a total value of $210,717.41. Following the completion of the transaction, the chief executive officer now directly owns 77,026 shares in the company, valued at approximately $299,631.14. The disclosure for this purchase can be found here. Insiders have acquired a total of 196,700 shares of company stock valued at $773,168 over the last three months. 52.75% of the stock is currently owned by insiders.

An institutional investor recently bought a new position in JMP Group stock. Wiley BROS. Aintree Capital LLC purchased a new position in shares of JMP Group LLC (NYSE:JMP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,000 shares of the financial services provider’s stock, valued at approximately $47,000. Wiley BROS. Aintree Capital LLC owned about 0.06% of JMP Group at the end of the most recent quarter. 13.73% of the stock is owned by hedge funds and other institutional investors.

About JMP Group

JMP Group LLC, together with its subsidiaries, provides investment banking, sales and trading, equity research, and asset management products and services in the United States. The company operates through three segments: Broker-Dealer, Asset Management, and Corporate. The Broker-Dealer segment offers various services, such as underwriting and acting as a placement agent for public and private capital markets raising transactions; and financial advisory services in mergers and acquisitions, restructuring, and other strategic transactions.

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