Q1 EPS Estimates for Raymond James Lifted by Zacks Research

Raymond James (NYSE:RJF) – Equities researchers at Zacks Research boosted their Q1 2025 earnings per share estimates for Raymond James in a research report issued on Friday, November 15th. Zacks Research analyst R. Department now anticipates that the financial services provider will earn $2.67 per share for the quarter, up from their previous forecast of $2.59. The consensus estimate for Raymond James’ current full-year earnings is $10.83 per share. Zacks Research also issued estimates for Raymond James’ Q2 2025 earnings at $2.52 EPS, Q3 2025 earnings at $2.61 EPS, Q4 2025 earnings at $2.82 EPS, FY2025 earnings at $10.62 EPS, Q1 2026 earnings at $2.69 EPS and FY2026 earnings at $11.22 EPS.

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

RJF has been the topic of several other research reports. Wells Fargo & Company lifted their price objective on Raymond James from $140.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Bank of America lifted their price objective on Raymond James from $136.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. cut their price objective on Raymond James from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. JMP Securities lifted their price objective on Raymond James from $146.00 to $150.00 and gave the company a “market outperform” rating in a report on Thursday, October 24th. Finally, TD Cowen lifted their price objective on Raymond James from $128.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $140.91.

Raymond James Price Performance

Shares of RJF opened at $160.68 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.41. Raymond James has a 1 year low of $102.42 and a 1 year high of $163.45. The stock has a market cap of $33.09 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 0.81 and a beta of 0.99. The stock’s 50-day moving average price is $135.23 and its two-hundred day moving average price is $124.53.

Raymond James Dividend Announcement

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

Institutional Investors Weigh In On Raymond James

Hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in shares of Raymond James by 31.4% in the third quarter. Wellington Management Group LLP now owns 12,114,502 shares of the financial services provider’s stock valued at $1,483,542,000 after purchasing an additional 2,898,242 shares in the last quarter. Ceredex Value Advisors LLC lifted its holdings in shares of Raymond James by 191.3% in the third quarter. Ceredex Value Advisors LLC now owns 722,393 shares of the financial services provider’s stock valued at $88,464,000 after purchasing an additional 474,443 shares in the last quarter. AGF Management Ltd. lifted its holdings in shares of Raymond James by 17.2% in the second quarter. AGF Management Ltd. now owns 2,580,467 shares of the financial services provider’s stock valued at $318,972,000 after purchasing an additional 378,033 shares in the last quarter. Two Sigma Advisers LP bought a new position in shares of Raymond James in the third quarter valued at approximately $34,105,000. Finally, Worldquant Millennium Advisors LLC bought a new position in shares of Raymond James in the third quarter valued at approximately $28,985,000. Institutional investors and hedge funds own 83.83% of the company’s stock.

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.