Equities research analysts predict that Washington Federal Inc. (NASDAQ:WAFD) will report earnings per share of $0.66 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Washington Federal’s earnings, with the highest EPS estimate coming in at $0.67 and the lowest estimate coming in at $0.64. Washington Federal posted earnings of $0.62 per share during the same quarter last year, which would indicate a positive year over year growth rate of 6.5%. The business is scheduled to announce its next earnings report on Tuesday, October 15th.
On average, analysts expect that Washington Federal will report full-year earnings of $2.61 per share for the current financial year, with EPS estimates ranging from $2.59 to $2.62. For the next year, analysts forecast that the firm will post earnings of $2.71 per share, with EPS estimates ranging from $2.67 to $2.75. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Washington Federal.
Washington Federal (NASDAQ:WAFD) last issued its earnings results on Tuesday, July 16th. The bank reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.03. Washington Federal had a return on equity of 10.47% and a net margin of 29.19%. The firm had revenue of $135.71 million for the quarter, compared to analyst estimates of $134.17 million.
WAFD has been the topic of several analyst reports. BidaskClub raised Washington Federal from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. Piper Jaffray Companies set a $34.00 target price on Washington Federal and gave the stock a “hold” rating in a research report on Monday, July 8th. Three investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $35.50.
Several large investors have recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. grew its stake in shares of Washington Federal by 3.8% in the second quarter. Crossmark Global Holdings Inc. now owns 8,040 shares of the bank’s stock worth $281,000 after purchasing an additional 294 shares in the last quarter. Mason Street Advisors LLC grew its stake in shares of Washington Federal by 1.0% in the first quarter. Mason Street Advisors LLC now owns 43,133 shares of the bank’s stock worth $1,246,000 after purchasing an additional 445 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Washington Federal by 1.5% in the second quarter. Janney Montgomery Scott LLC now owns 34,754 shares of the bank’s stock worth $1,214,000 after purchasing an additional 519 shares in the last quarter. Boston Advisors LLC grew its stake in shares of Washington Federal by 1.2% in the first quarter. Boston Advisors LLC now owns 47,593 shares of the bank’s stock worth $1,375,000 after purchasing an additional 546 shares in the last quarter. Finally, Stevens First Principles Investment Advisors grew its stake in shares of Washington Federal by 32.5% in the first quarter. Stevens First Principles Investment Advisors now owns 2,855 shares of the bank’s stock worth $82,000 after purchasing an additional 700 shares in the last quarter. 86.59% of the stock is owned by institutional investors.
NASDAQ WAFD traded up $0.66 during trading hours on Friday, hitting $34.61. The company had a trading volume of 566,900 shares, compared to its average volume of 470,075. Washington Federal has a fifty-two week low of $24.67 and a fifty-two week high of $37.25. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.24. The business has a fifty day simple moving average of $35.23 and a 200-day simple moving average of $32.29. The firm has a market cap of $2.70 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 1.86 and a beta of 1.14.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be given a $0.21 dividend. The ex-dividend date is Thursday, August 8th. This is a positive change from Washington Federal’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.43%. Washington Federal’s dividend payout ratio (DPR) is currently 35.00%.
Washington Federal Company Profile
Washington Federal, Inc operates as the bank holding company for Washington Federal, National Association that provides lending, depository, insurance, and other banking services in the United States. The company accepts deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.
Further Reading: Are Wall Street analysts’ stock ratings worth following?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Washington Federal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Federal and related companies with MarketBeat.com's FREE daily email newsletter.