Washington Federal, Inc. (WAFD) Expected to Post Earnings of $0.51 Per Share
Brokerages expect Washington Federal, Inc. (NASDAQ:WAFD) to announce earnings per share of $0.51 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Washington Federal’s earnings. The highest EPS estimate is $0.52 and the lowest is $0.50. Washington Federal reported earnings of $0.46 per share in the same quarter last year, which would suggest a positive year over year growth rate of 10.9%. The firm is scheduled to report its next quarterly earnings results on Tuesday, January 16th.
On average, analysts expect that Washington Federal will report full year earnings of $2.07 per share for the current year, with EPS estimates ranging from $2.05 to $2.09. For the next financial year, analysts anticipate that the business will post earnings of $2.25 per share, with EPS estimates ranging from $2.24 to $2.25. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that cover Washington Federal.
Washington Federal (NASDAQ:WAFD) last posted its quarterly earnings results on Wednesday, October 18th. The bank reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. Washington Federal had a return on equity of 8.63% and a net margin of 28.87%. The business had revenue of $128.69 million during the quarter, compared to the consensus estimate of $121.46 million.
A number of brokerages have commented on WAFD. Zacks Investment Research downgraded Washington Federal from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. ValuEngine upgraded Washington Federal from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. BidaskClub downgraded Washington Federal from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Piper Jaffray Companies restated a “hold” rating and issued a $34.00 target price on shares of Washington Federal in a research note on Friday, October 6th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $36.00 target price on shares of Washington Federal in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $36.00.
Several hedge funds and other institutional investors have recently modified their holdings of WAFD. OppenheimerFunds Inc. acquired a new position in shares of Washington Federal during the first quarter worth approximately $201,000. Thrivent Financial For Lutherans boosted its position in shares of Washington Federal by 9.6% during the first quarter. Thrivent Financial For Lutherans now owns 16,837 shares of the bank’s stock worth $557,000 after buying an additional 1,480 shares during the period. Capital One National Association acquired a new position in shares of Washington Federal during the second quarter worth approximately $208,000. Creative Planning boosted its position in shares of Washington Federal by 3.1% during the second quarter. Creative Planning now owns 3,327 shares of the bank’s stock worth $110,000 after buying an additional 101 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Washington Federal by 4.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 33,016 shares of the bank’s stock worth $1,096,000 after buying an additional 1,351 shares during the period. Institutional investors and hedge funds own 85.33% of the company’s stock.
Washington Federal (WAFD) opened at $33.45 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 1.11. Washington Federal has a 52 week low of $29.55 and a 52 week high of $35.95. The company has a market capitalization of $2,916.61, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 1.62 and a beta of 1.16.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, November 6th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.79%. Washington Federal’s payout ratio is currently 30.93%.
About Washington Federal
Washington Federal, Inc is a bank holding company. The Company conducts its operations through a federally insured national bank subsidiary, Washington Federal, National Association (the Bank). The business of the Bank consists primarily of accepting deposits from the general public and investing these funds in loans of various types, including first lien mortgages on single-family dwellings, construction loans, land acquisition and development loans, loans on multi-family, commercial real estate and other income producing properties, home equity loans and business loans.
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