Zacks Research Analysts Boost Earnings Estimates for RJF

Key Points

• Analysts at Zacks Research have raised their Q3 2026 earnings per share (EPS) estimate for Raymond James Financial from $2.70 to $2.71, reflecting a positive outlook for the financial services provider.
• The consensus estimate for Raymond James Financial's current full-year earnings is $11.17 per share, with estimates for future quarters indicating steady growth.
• Raymond James Financial has recently announced a quarterly dividend of $0.50 per share, which translates to an annualized dividend yield of 1.1% and a payout ratio of 19.61%.

Raymond James Financial, Inc. (NYSE:RJF - Free Report) - Analysts at Zacks Research lifted their Q3 2026 EPS estimates for shares of Raymond James Financial in a report issued on Thursday, September 18th. Zacks Research analyst Team now anticipates that the financial services provider will post earnings of $2.71 per share for the quarter, up from their previous forecast of $2.70. 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 $2.86 EPS, FY2026 earnings at $10.99 EPS, Q1 2027 earnings at $3.05 EPS, Q2 2027 earnings at $3.15 EPS, Q3 2027 earnings at $3.31 EPS and FY2027 earnings at $12.95 EPS.

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

A number of other research firms have also recently weighed in on RJF. Keefe, Bruyette & Woods upped their price objective on shares of Raymond James Financial from $167.00 to $170.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Citigroup restated an "outperform" rating on shares of Raymond James Financial in a research report on Monday, July 14th. JPMorgan Chase & Co. upped their price objective on shares of Raymond James Financial from $151.00 to $172.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Wells Fargo & Company upped their price objective on shares of Raymond James Financial from $155.00 to $163.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Finally, Morgan Stanley upped their price objective on shares of Raymond James Financial from $136.00 to $180.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $163.80.

Raymond James Financial Stock Performance

NYSE:RJF opened at $173.93 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.02 and a current ratio of 1.04. The company has a fifty day moving average of $165.50 and a two-hundred day moving average of $151.44. The stock has a market capitalization of $34.68 billion, a PE ratio of 17.05, a P/E/G ratio of 1.40 and a beta of 1.04. Raymond James Financial has a fifty-two week low of $117.57 and a fifty-two week high of $174.85.

Institutional Investors Weigh In On Raymond James Financial

A number of hedge funds have recently modified their holdings of the business. Snowden Capital Advisors LLC grew its holdings in shares of Raymond James Financial by 19.5% in the fourth quarter. Snowden Capital Advisors LLC now owns 3,103 shares of the financial services provider's stock valued at $482,000 after purchasing an additional 507 shares during the period. Tidal Investments LLC grew its holdings in shares of Raymond James Financial by 21.1% in the fourth quarter. Tidal Investments LLC now owns 5,134 shares of the financial services provider's stock valued at $795,000 after purchasing an additional 893 shares during the period. Woodline Partners LP purchased a new stake in shares of Raymond James Financial in the fourth quarter valued at about $1,707,000. Waverly Advisors LLC purchased a new stake in shares of Raymond James Financial in the fourth quarter valued at about $2,437,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Raymond James Financial by 17.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,519,696 shares of the financial services provider's stock valued at $236,054,000 after purchasing an additional 226,633 shares during the period. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Raymond James Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, October 1st. Raymond James Financial's dividend payout ratio is 19.61%.

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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