Jefferies Financial Group (NYSE:JEF) Announces Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Jefferies Financial Group (NYSE:JEF) posted its earnings results on Wednesday. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.14), MarketWatch Earnings reports. Jefferies Financial Group had a return on equity of 16.76% and a net margin of 20.11%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period in the previous year, the company posted $1.11 EPS. Jefferies Financial Group’s revenue was down 2.8% on a year-over-year basis.

NYSE:JEF opened at $37.59 on Thursday. The stock’s 50 day moving average price is $39.65 and its 200 day moving average price is $37.67. The company has a market capitalization of $9.23 billion, a PE ratio of 6.22 and a beta of 1.46. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.00. Jefferies Financial Group has a 52-week low of $22.87 and a 52-week high of $44.47.

Several equities analysts recently issued reports on JEF shares. Oppenheimer increased their target price on Jefferies Financial Group from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, October 1st. The Goldman Sachs Group assumed coverage on Jefferies Financial Group in a report on Monday, September 20th. They set a “buy” rating and a $45.00 price target on the stock. Zacks Investment Research upgraded Jefferies Financial Group from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Thursday, December 23rd. Keefe, Bruyette & Woods downgraded Jefferies Financial Group from an “outperform” rating to a “market perform” rating and set a $46.00 price target on the stock. in a report on Tuesday, November 16th. They noted that the move was a valuation call. Finally, Morgan Stanley assumed coverage on Jefferies Financial Group in a report on Thursday, December 16th. They set an “equal weight” rating and a $40.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to, Jefferies Financial Group presently has an average rating of “Buy” and a consensus price target of $42.80.

In related news, President Brian P. Friedman sold 293,561 shares of the firm’s stock in a transaction that occurred on Friday, November 5th. The stock was sold at an average price of $43.82, for a total transaction of $12,863,843.02. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 17.10% of the company’s stock.

About Jefferies Financial Group

Jefferies Financial Group, Inc is a holding company, which engages in the provision of financial services. It operates through the following segments: Investment Banking, Capital Markets, and Asset Management; Merchant Banking; and Corporate segments. The Investment Banking, Capital Markets, and Asset Management segment consists of investments in Jefferies Group.

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Earnings History for Jefferies Financial Group (NYSE:JEF)

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