What is Zacks Research's Estimate for RJF Q1 Earnings?

Key Points

• Zacks Research has increased its Q1 2026 earnings per share estimate for Raymond James Financial from $2.71 to $2.72, projecting a full-year EPS of $11.17.
• Recent target price upgrades from analysts include Morgan Stanley raising it to $180.00 and Keefe, Bruyette & Woods hiking their target from $167.00 to $170.00.
• Raymond James Financial reported $2.18 EPS for its last quarter, which was below the consensus estimate of $2.36, despite a revenue of $3.40 billion exceeding expectations.

Raymond James Financial, Inc. (NYSE:RJF - Free Report) - Analysts at Zacks Research boosted their Q1 2026 earnings per share (EPS) estimates for shares of Raymond James Financial in a research note issued to investors on Wednesday, August 13th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $2.72 for the quarter, up from their prior forecast of $2.71. The consensus estimate for Raymond James Financial's current full-year earnings is $11.17 per share. Zacks Research also issued estimates for Raymond James Financial's Q4 2026 earnings at $2.85 EPS, Q1 2027 earnings at $3.04 EPS and Q3 2027 earnings at $3.30 EPS.

A number of other research analysts have also weighed in on the company. Morgan Stanley upped their price objective on Raymond James Financial from $136.00 to $180.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Keefe, Bruyette & Woods increased their target price on Raymond James Financial from $167.00 to $170.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Citigroup restated an "outperform" rating on shares of Raymond James Financial in a research note on Monday, July 14th. JMP Securities lifted their target price on Raymond James Financial from $175.00 to $180.00 and gave the stock a "market outperform" rating in a research report on Monday, July 14th. Finally, Cowen reissued a "hold" rating on shares of Raymond James Financial in a report on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $163.80.

Raymond James Financial Stock Up 0.4%

RJF stock traded up $0.73 during trading on Thursday, hitting $164.57. 97,250 shares of the company's stock were exchanged, compared to its average volume of 1,320,385. The stock has a market capitalization of $32.81 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 1.38 and a beta of 1.05. Raymond James Financial has a 52-week low of $113.91 and a 52-week high of $174.32. The business has a 50-day moving average price of $157.46 and a two-hundred day moving average price of $150.32. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.33.

Raymond James Financial (NYSE:RJF - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.36 by ($0.18). The company had revenue of $3.40 billion during the quarter, compared to analysts' expectations of $3.38 billion. Raymond James Financial had a net margin of 13.56% and a return on equity of 18.38%. The business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.39 EPS.

Raymond James Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, July 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.2%. Raymond James Financial's dividend payout ratio (DPR) is presently 19.61%.

Insider Activity

In other news, insider Bella Loykhter Allaire sold 6,570 shares of Raymond James Financial stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $146.61, for a total transaction of $963,227.70. Following the completion of the sale, the insider directly owned 74,586 shares of the company's stock, valued at approximately $10,935,053.46. The trade was a 8.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Raymond James Financial

Hedge funds have recently modified their holdings of the company. D.A. Davidson & CO. lifted its stake in shares of Raymond James Financial by 3.6% in the first quarter. D.A. Davidson & CO. now owns 5,603 shares of the financial services provider's stock worth $778,000 after buying an additional 197 shares in the last quarter. Golden State Wealth Management LLC grew its stake in Raymond James Financial by 164.0% during the first quarter. Golden State Wealth Management LLC now owns 198 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 123 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in Raymond James Financial during the fourth quarter valued at $9,366,000. Assenagon Asset Management S.A. lifted its holdings in shares of Raymond James Financial by 13.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 24,979 shares of the financial services provider's stock worth $3,470,000 after acquiring an additional 3,035 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Raymond James Financial by 0.8% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 468,343 shares of the financial services provider's stock worth $65,058,000 after acquiring an additional 3,691 shares during the last quarter. Hedge funds and other institutional investors own 83.83% of the company's stock.

Raymond James Financial 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.

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