WSFS Financial Co. (NASDAQ:WSFS) Expected to Post Quarterly Sales of $154.39 Million

Equities research analysts predict that WSFS Financial Co. (NASDAQ:WSFS) will post $154.39 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for WSFS Financial’s earnings, with the lowest sales estimate coming in at $153.77 million and the highest estimate coming in at $155.00 million. WSFS Financial reported sales of $162.22 million in the same quarter last year, which indicates a negative year over year growth rate of 4.8%. The company is scheduled to issue its next quarterly earnings results on Thursday, October 28th.

On average, analysts expect that WSFS Financial will report full-year sales of $646.26 million for the current year. For the next financial year, analysts forecast that the business will report sales of $827.32 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for WSFS Financial.

WSFS Financial (NASDAQ:WSFS) last issued its earnings results on Thursday, July 22nd. The bank reported $2.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $1.16. WSFS Financial had a net margin of 39.87% and a return on equity of 14.81%. The firm had revenue of $106.75 million during the quarter, compared to the consensus estimate of $120.98 million. During the same quarter in the prior year, the firm earned ($0.46) earnings per share. The business’s quarterly revenue was down 6.2% on a year-over-year basis.

A number of brokerages have recently commented on WSFS. Stephens cut their price target on WSFS Financial from $58.50 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, August 6th. Zacks Investment Research lowered WSFS Financial from a “hold” rating to a “sell” rating in a report on Saturday, September 4th. Seaport Res Ptn restated a “neutral” rating on shares of WSFS Financial in a report on Friday, August 20th. Keefe, Bruyette & Woods upgraded WSFS Financial from a “market perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a report on Friday, July 23rd. Finally, Seaport Global Securities began coverage on WSFS Financial in a report on Friday, August 20th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, WSFS Financial currently has an average rating of “Hold” and a consensus target price of $55.80.

Shares of NASDAQ:WSFS opened at $43.21 on Tuesday. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 7.74 and a beta of 1.34. WSFS Financial has a 12 month low of $24.59 and a 12 month high of $55.18. The company’s fifty day simple moving average is $44.42 and its 200 day simple moving average is $48.35. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.13.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 19th. Investors of record on Thursday, August 5th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Wednesday, August 4th. WSFS Financial’s dividend payout ratio is currently 27.23%.

Several large investors have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in WSFS Financial during the first quarter worth approximately $1,824,000. Jane Street Group LLC increased its position in WSFS Financial by 80.0% during the first quarter. Jane Street Group LLC now owns 25,533 shares of the bank’s stock worth $1,271,000 after buying an additional 11,348 shares during the last quarter. UBS Group AG increased its position in WSFS Financial by 61.4% during the first quarter. UBS Group AG now owns 25,111 shares of the bank’s stock worth $1,250,000 after buying an additional 9,556 shares during the last quarter. Teacher Retirement System of Texas increased its position in WSFS Financial by 17.3% during the second quarter. Teacher Retirement System of Texas now owns 6,696 shares of the bank’s stock worth $312,000 after buying an additional 986 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in WSFS Financial by 179.5% during the first quarter. JPMorgan Chase & Co. now owns 797,799 shares of the bank’s stock worth $39,722,000 after buying an additional 512,365 shares during the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

WSFS Financial Company Profile

WSFS Financial Corp. is a savings and loan holding company, which engages in the provision of banking and financial services. It operates through the following business segments: WSFS Bank, Cash Connect, and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers.

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Earnings History and Estimates for WSFS Financial (NASDAQ:WSFS)

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