Zacks Research Boosts Earnings Estimates for Raymond James

Raymond James (NYSE:RJF) – Investment analysts at Zacks Research lifted their Q1 2025 earnings per share estimates for shares of Raymond James in a research report issued on Tuesday, November 12th. Zacks Research analyst R. Department now expects that the financial services provider will earn $2.59 per share for the quarter, up from their previous estimate of $2.51. The consensus estimate for Raymond James’ current full-year earnings is $10.73 per share. Zacks Research also issued estimates for Raymond James’ Q2 2025 earnings at $2.46 EPS, Q3 2025 earnings at $2.54 EPS, Q4 2025 earnings at $2.68 EPS, FY2025 earnings at $10.28 EPS, Q2 2026 earnings at $2.66 EPS, Q3 2026 earnings at $2.70 EPS and FY2027 earnings at $11.63 EPS.

Raymond James (NYSE:RJF) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.54. Raymond James had a return on equity of 19.61% and a net margin of 13.86%. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the prior year, the company earned $2.13 EPS. Raymond James’s revenue was up 13.4% on a year-over-year basis.

RJF has been the topic of a number of other research reports. JMP Securities increased their price target on Raymond James from $146.00 to $150.00 and gave the company a “market outperform” rating in a research report on Thursday, October 24th. Bank of America increased their price target on Raymond James from $136.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. reduced their price target on Raymond James from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Morgan Stanley increased their price objective on Raymond James from $132.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group increased their price objective on Raymond James from $125.00 to $142.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $140.91.

Raymond James Price Performance

RJF opened at $160.15 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.41. The firm has a market cap of $32.98 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 0.82 and a beta of 0.99. The stock’s 50-day moving average price is $134.32 and its 200 day moving average price is $124.24. Raymond James has a 12-month low of $102.42 and a 12-month high of $163.45.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wolff Wiese Magana LLC grew its stake in shares of Raymond James by 3,960.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 203 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 198 shares during the last quarter. Quarry LP purchased a new position in shares of Raymond James in the 2nd quarter valued at approximately $29,000. Covestor Ltd grew its stake in shares of Raymond James by 77.0% in the 1st quarter. Covestor Ltd now owns 239 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 104 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Raymond James in the 3rd quarter valued at approximately $32,000. Finally, Gladius Capital Management LP acquired a new stake in shares of Raymond James in the 3rd quarter valued at approximately $34,000. 83.83% of the stock is currently owned by hedge funds and other institutional investors.

Raymond James Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 annualized dividend and a dividend yield of 1.12%. Raymond James’s dividend payout ratio (DPR) is currently 18.54%.

About Raymond James

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.