Stifel Financial Corporation (SF) to Release Quarterly Earnings on Tuesday
Stifel Financial Corporation (NYSE:SF) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.85 per share for the quarter.
Stifel Financial Corporation (NYSE:SF) last posted its earnings results on Monday, July 31st. The financial services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.76 by $0.14. Stifel Financial Corporation had a return on equity of 9.30% and a net margin of 6.03%. The firm had revenue of $725.60 million for the quarter, compared to analysts’ expectations of $689.67 million. During the same period last year, the firm earned $0.69 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. On average, analysts expect Stifel Financial Corporation to post $3.39 EPS for the current fiscal year and $3.75 EPS for the next fiscal year.
Shares of Stifel Financial Corporation (SF) opened at 52.35 on Tuesday. The firm has a market capitalization of $3.58 billion, a PE ratio of 27.03 and a beta of 1.72. Stifel Financial Corporation has a 52-week low of $36.71 and a 52-week high of $56.62. The company has a 50-day moving average price of $50.91 and a 200 day moving average price of $48.05.
Several research analysts have recently commented on SF shares. Zacks Investment Research downgraded Stifel Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. TheStreet raised Stifel Financial Corporation from a “c+” rating to a “b” rating in a report on Monday, July 31st. BidaskClub downgraded Stifel Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Finally, JMP Securities reissued a “neutral” rating on shares of Stifel Financial Corporation in a report on Friday, August 18th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Stifel Financial Corporation has a consensus rating of “Hold” and a consensus price target of $56.00.
In related news, Director Kelvin R. Westbrook sold 5,200 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $48.08, for a total value of $250,016.00. Following the completion of the transaction, the director now owns 6,684 shares in the company, valued at approximately $321,366.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederick O. Hanser sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $50.00, for a total transaction of $200,000.00. Following the completion of the transaction, the director now owns 33,255 shares of the company’s stock, valued at approximately $1,662,750. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.
Stifel Financial Corporation Company Profile
Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.
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