Stifel Financial (SF) Expected to Announce Earnings on Wednesday

Stifel Financial (NYSE:SF) is anticipated to announce its earnings results before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $1.96 per share and revenue of $1,295,580.00 billion for the quarter.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.10). Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the company earned $0.60 earnings per share. Stifel Financial’s quarterly revenue was up 17.2% compared to the same quarter last year. On average, analysts expect Stifel Financial to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Stifel Financial Stock Performance

SF stock traded up $2.66 during trading on Wednesday, reaching $110.01. The stock had a trading volume of 1,204,846 shares, compared to its average volume of 716,415. The stock’s 50 day moving average is $110.85 and its two-hundred day moving average is $97.24. The firm has a market cap of $11.26 billion, a PE ratio of 19.89 and a beta of 1.11. Stifel Financial has a 52 week low of $68.09 and a 52 week high of $119.12. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27.

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Monday, December 2nd. Stifel Financial’s payout ratio is 30.38%.

Insiders Place Their Bets

In other news, COO David D. Sliney sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the completion of the transaction, the chief operating officer now owns 159,619 shares in the company, valued at $18,544,535.42. This trade represents a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 4.57% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SF has been the topic of several analyst reports. JPMorgan Chase & Co. began coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price target on the stock. Citigroup raised their price objective on Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Wells Fargo & Company cut their price objective on Stifel Financial from $130.00 to $128.00 and set an “overweight” rating for the company in a research note on Tuesday. The Goldman Sachs Group lifted their price target on shares of Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Finally, StockNews.com cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $107.14.

Stifel Financial Company Profile

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.