| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Jefferies Financial Group Inc. (NYSE:JEF) reported its first-quarter financial results after the bell Wednesday. Here's a look at the highlights.
The Details: The company reported quarterly earnings of 87 cents per share which beat the analyst consensus estimate of 75 cents by 16% and was a 58.18% increase over earnings of 55 cents per share from the same period last year.
Quarterly sales came in at $1.74 billion, beating the analyst consensus estimate of $1.52 billion by 14.36% and represented a 35.48% increase year-over-year.
Investment Banking net revenues for the quarter were $740 million, up 28.2% from the prior quarter, and Capital Markets net revenues came in at $712 million, up 47.9% from the prior quarter.
“Our Q1 results reflect solid performance across our businesses and our Investment Banking pipeline continues to strengthen, which leads us to believe a more robust market is developing. Our strong results in Capital Markets have continued into the current quarter,” said Richard Handler, CEO of Jefferies Financial.
“We are pleased that, adjusting for the impact of the net loss on Weiss, we generated an annualized return on adjusted tangible equity from continuing operations of 12.0% and net earnings from continuing operations of $0.87 per diluted common share,” Handler added.
Related News: What’s Going On With Medical Properties Trust Stock?
JEF Price Action: According to Benzinga Pro, Jefferies Financial shares are down 0.065% after-hours at $46.10 at the time of publication Wednesday.
Photo: Ahmad Ardity from Pixabay
Posted In: JEF
