Jefferies

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Despite earnings miss, we believe overall results were positive and showcased an emerging recovery within the sector. We raise our target by $5 to $52, on a forward P/E of 14.0x our FY 24 (Nov.) EPS estimate, a slight discount to JEFs five-year average multiple (14.8x) due to risks of recession or fewer-than-expected rate cuts weighing on the recovery of capital markets. We lift our FY 24 EPS estimate by $0.32 to $3.70 and FY 25’s by $0.27 to $4.63. JEF posted FQ1 adjusted EPS of $0.68 vs. $0.55, a $0.08 consensus miss, although impacted by an $0.18 loss taken on an investment. Net revenues jumped 35% Y/Y, driven by a 31% Y/Y increase within Investment Banking that was led by a 65% Y/Y increase in Underwriting […]

Jefferies Announces First Quarter 2024 Financial Results NEW YORK–(BUSINESS WIRE)–March 27, 2024– Jefferies Financial Group Inc. (NYSE: JEF) Q1 Financial Highlights — Net earnings attributable to common shareholders of $150 million, or $0.66 per diluted common share, and net earnings attributable to common shareholders from continuing operations of $157 million, or $0.69 per diluted common share. Adjusting our results this quarter for a pre-tax loss of $55 million associated with our investment in Weiss Multi-Strategy Advisers, which recently announced it is closing down, our net earnings attributable to common shareholders from continuing operations was $196 million16, or $0.8716 per diluted common share. Of the pre-tax loss to us of $55 million, $30 million reduced our Asset Management net revenues and $25 million increased our non-compensation expenses. — Annualized return on adjusted tangible total equity from continuing operations1 of 9.8%. Adjusting for the impact of the loss on Weiss, our annualized

JEFFERIES FINANCIAL GROUP Reports Q1 EPS $0.87, vs. Street Est of $0.76。

Jefferies Financial Group (JEF) reported fiscal Q1 earnings Wednesday of $0.66 per diluted share, up from $0.54 a year earlier. Three analysts polled by Capital IQ expected $0.75. Net revenue in the quarter ended Feb. 29 rose to $1.74 billion from $1.28 billion a year earlier. Two analysts surveyed by Capital IQ expected $1.52 billion. The company’s board maintained a quarterly cash dividend at $0.30 a share, payable on May 30 to shareholders of record on May 20.

Dealmaking is coming back and it’s boosting results for Jefferies Financial Group. The company’s investment banking revenue was up 28% sequentially and 31% from a year earlier. CEO Richard Handler and President Brian Friedman say in a joint statement that there was “modest improvement” in the deals market, and Jefferies saw greater mergers and acquisitions and underwriting activity. The executives expect market-share gains and momentum in investment banking to continue. Jefferies shares edge down 1.3% to $45.50 after-hours.

Jefferies Financial Group (JEF) reported fiscal Q4 earnings late Monday of $0.29 per diluted share, down from $0.57 a year earlier. Two analysts surveyed by Capital IQ expected $0.22. Net revenue for the quarter ended Nov. 30 was $1.20 billion, down from $1.44 billion a year earlier. Two analysts surveyed by Capital IQ expected $1.15 billion. The company also said its board maintained a quarterly dividend of $0.30 per share, payable on Feb. 27 to shareholders of record on Feb. 16.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We keep our target price at $47, using a forward P/E of 14.0x our FY 2024 (Nov.) EPS estimate, a slight discount to JEF’s five-year average multiple (14.8x). We keep our 2024 EPS estimate at $3.38 and 2025’s at $4.36. JEF reported Q4 2023 EPS of $0.29 vs. $0.57, a $0.08 consensus beat on revenues that came in 4% above consensus. Net revenues fell 17% Y/Y, as a weak 2023 for the capital markets came to a close. Investment banking (IB) revenues rose slightly Y/Y (+2%), on weak comps, driven by a significant improvement in underwriting (+53%), but offset by weakness in advisory (-18% Y/Y). Capital Markets (CM) revenues also saw a modest improvement (+1% Y/Y), with Equity CM up 8% Y/Y, but Debt CM pulling back

Jefferies Announces Fourth Quarter 2023 Financial Results NEW YORK–(BUSINESS WIRE)–January 08, 2024– Jefferies Financial Group Inc. (NYSE: JEF): Q4 Financial Highlights — Net earnings attributable to common shareholders of $66 million, or $0.29 per diluted common share — Annualized return on adjusted tangible equity1 of 3.8% — Net revenues of $1.20 billion — Investment Banking net revenues of $577 million — Capital Markets net revenues of $481 million — Asset Management net revenues (before allocated net interest4) of $155 million — Please refer to the just-released Jefferies Financial Group Annual Letter from our CEO and President for broader perspective on 2023, as well as our strategy and outlook — At November 30, 2023, we had 210.6 million common shares outstanding and 252.4 million shares outstanding on a fully diluted basis2. Our book value per common share was $46.10 and tangible book value per fully diluted share3 was $30.82 at November

Jefferies Financial Gr (NYSE:JEF) reported its Q4 earnings results on Monday, January 8, 2024 at 04:15 PM. Here’s what investors need to know about the announcement. Earnings Jefferies Financial Gr missed estimated earnings by 11.76%, reporting an EPS of $0.3 versus an estimate of $0.34. Revenue was down $241.00 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.1 which was followed by a 1.88% increase in the share price the next day. Here’s a look at Jefferies Financial Gr’s past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.33 0.27 0.43 0.57 EPS Actual 0.23 0.06 0.55 0.57 Revenue Estimate 1.25B 1.04B 1.09B 1.25B Revenue Actual 1.18B 1.04B 1.28B 1.44B To track all earnings releases for Jefferies Financial Gr visit their earnings calendar here.