Raymond James (NYSE:RJF) – Stock analysts at Seaport Global Securities issued their Q3 2020 EPS estimates for Raymond James in a report released on Wednesday, July 8th. Seaport Global Securities analyst J. Mitchell forecasts that the financial services provider will post earnings per share of $0.97 for the quarter. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Raymond James’ Q4 2020 earnings at $1.23 EPS, FY2020 earnings at $5.30 EPS, Q1 2021 earnings at $1.39 EPS, Q2 2021 earnings at $1.33 EPS, Q3 2021 earnings at $1.38 EPS, Q4 2021 earnings at $1.50 EPS and FY2021 earnings at $5.60 EPS.

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

A number of other equities research analysts have also recently weighed in on the stock. Goldman Sachs Group cut shares of Raymond James from a “neutral” rating to a “sell” rating in a research report on Tuesday, March 24th. ValuEngine upgraded shares of Raymond James from a “sell” rating to a “hold” rating in a research report on Monday, June 1st. JMP Securities dropped their price target 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. Wolfe Research lowered shares of Raymond James from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 25th. Finally, Citigroup raised shares of Raymond James from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $71.00 to $60.00 in a research note on Wednesday, March 25th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $69.67.

Shares of RJF opened at $69.01 on Monday. Raymond James has a 1-year low of $54.21 and a 1-year high of $102.45. The stock has a market cap of $9.58 billion, a PE ratio of 10.22 and a beta of 1.38. The firm has a 50-day simple moving average of $71.17 and a two-hundred day simple moving average of $76.25. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 1.05.

Large investors have recently modified their holdings of the company. Synovus Financial Corp increased its holdings 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 valued at $47,000 after acquiring an additional 616 shares during the period. Orion Portfolio Solutions LLC acquired a new position in shares of Raymond James during the 4th quarter worth $48,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Raymond James by 25.5% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 860 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 175 shares during the period. Meeder Asset Management Inc. grew its stake in shares of Raymond James by 429.2% during the 4th quarter. Meeder Asset Management Inc. now owns 762 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 618 shares during the period. Finally, First Bank & Trust grew its stake in shares of Raymond James by 143.0% during the 1st quarter. First Bank & Trust now owns 1,125 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 662 shares during the period. Institutional investors and hedge funds own 74.24% of the company’s stock.

In other news, VP Jeffrey P. Julien sold 9,150 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $81.58, for a total transaction of $746,457.00. Following the completion of the sale, the vice president now owns 42,092 shares in the company, valued at approximately $3,433,865.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jonathan N. Santelli sold 1,250 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $81.33, for a total transaction of $101,662.50. Following the sale, the executive vice president now owns 2,503 shares of the company’s stock, valued at approximately $203,568.99. 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 in the last 90 days. Insiders own 10.82% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.48 annualized dividend and a dividend yield of 2.14%. Raymond James’s dividend payout ratio is presently 20.00%.

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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Earnings History and Estimates for Raymond James (NYSE:RJF)

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