earnings
confidence high
sentiment negative
materiality 0.70
Jefferies reports Q4 net earnings $66M ($0.29/diluted), down 53% YoY; FY net $263M, down 66%
Jefferies Financial Group Inc.
2023-FY EPS reported
$1.10
revenue$7,441,399,000
- Q4 net earnings attributable to common shareholders $66M ($0.29/diluted), down 53% YoY from $140M ($0.57).
- FY2023 net earnings $263M ($1.10/diluted), down 66% from $777M ($3.06); net revenues $4.7B, down 21%.
- Investment Banking net revenues $577M in Q4, modestly higher; Capital Markets $481M; Asset Management $141M, down 64%.
- Board increased share buyback authorization to $250M; declared quarterly cash dividend $0.30/share payable Feb 27, 2024.
- Book value per share $46.10; tangible book value $30.82; FY repurchased 4.9M shares for $169M at avg $34.66.