By, Robert Weinstein
Jefferies Group, Inc.(JEF)
Background: The company was founded in 1962 and is headquartered in New York, New York. Jefferies trades an average of 1.8 million shares per day with a marketcap of $3.1 billion.
52 Week Range: $9.50 - $19.82
Book Value: $16.23
Third quarter earnings is highly anticipated by hopeful investors expecting an earnings growth report before the market opens on September 20, 2012. The Analyst's mean appraisal is presently $0.30 a share, a gain of $0.20 (66.7%) from $0.10 during the corresponding quarter last year.
Analyst opinion is mixed with this company. Most of the analysts surveyed don't believe a buy or a sell is currently warranted. Right now, Jefferies has 1 buy recommendations out of 6 analysts covering the company, 5 holds, and no analysts recommend selling. The average analyst target price for Jefferies is $15.75.
The P/E ratio is falling, the trailing twelve month price-to-earnings ratio is 17.5, the mean fiscal year estimate price-to-earnings ratio is 12.9, based on earnings of $1.20 per share this year.
The company currently pays $0.30 per share in dividends for a yield of 1.94%. Examining the history of a company is a great way to help understand what to expect moving forward. In the last three years, the average dividend paid per year was $0.20 per share.
In the last month, the stock has really moved higher with a 15.7% increase.
The last date Jefferies released earnings was June 19, 2012, and the closing price was $13.08. Based on a recent price of $15.62, shares are up 19.4%.
Currently, the short interest based on the float is small and not a big concern. Short interest is 3.5%.
With the current power move by the shares up and above the 200 day moving average, it's fair to say that investors can expect a favorable earnings release.
I use Zacks.com, WSJ.com, Tradestation, and Reuters for my data. PE is generally adjusted PE based on an average number of shares.