Stifel Financial Corporation (NYSE:SF) is set to announce its earnings results before the market opens on Monday, October 30th. Analysts expect the company to announce earnings of $0.85 per share for the quarter.
Stifel Financial Corporation (NYSE:SF) last released its earnings results on Monday, July 31st. The financial services provider reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.14. The firm had revenue of $725.60 million for the quarter, compared to the consensus estimate of $689.67 million. Stifel Financial Corporation had a net margin of 6.03% and a return on equity of 9.30%. The company’s revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 EPS. On average, analysts expect Stifel Financial Corporation to post $3.44 EPS for the current fiscal year and $3.92 EPS for the next fiscal year.
Shares of Stifel Financial Corporation (SF) opened at 51.99 on Friday. The stock has a 50 day moving average of $51.15 and a 200-day moving average of $48.11. Stifel Financial Corporation has a 52-week low of $36.71 and a 52-week high of $56.62. The stock has a market capitalization of $3.55 billion, a P/E ratio of 26.84 and a beta of 1.73.
SF has been the topic of several analyst reports. Zacks Investment Research lowered Stifel Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. JMP Securities reiterated a “neutral” rating on shares of Stifel Financial Corporation in a research note on Friday, August 18th. TheStreet upgraded Stifel Financial Corporation from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Finally, BidaskClub lowered Stifel Financial Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $56.00.
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In other Stifel Financial Corporation news, Director David A. Peacock purchased 4,500 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were acquired at an average price of $50.03 per share, for a total transaction of $225,135.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frederick O. Hanser sold 4,000 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $50.00, for a total value of $200,000.00. Following the sale, the director now owns 33,255 shares in the company, valued at approximately $1,662,750. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.
About Stifel Financial Corporation
Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.
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