WSFS Financial Co. (WSFS) Expected to Post Quarterly Sales of $125.86 Million
Analysts expect WSFS Financial Co. (NASDAQ:WSFS) to announce $125.86 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for WSFS Financial’s earnings. The highest sales estimate is $126.77 million and the lowest is $124.95 million. WSFS Financial reported sales of $105.18 million during the same quarter last year, which indicates a positive year over year growth rate of 19.7%. The company is scheduled to report its next quarterly earnings report after the market closes on Thursday, April 25th.
According to Zacks, analysts expect that WSFS Financial will report full-year sales of $611.76 million for the current fiscal year, with estimates ranging from $610.28 million to $613.25 million. For the next financial year, analysts anticipate that the firm will report sales of $659.93 million, with estimates ranging from $651.04 million to $668.83 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover WSFS Financial.
WSFS Financial (NASDAQ:WSFS) last announced its earnings results on Tuesday, January 22nd. The bank reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.06. WSFS Financial had a net margin of 29.58% and a return on equity of 14.60%. The company had revenue of $102.86 million during the quarter, compared to the consensus estimate of $98.34 million.
WSFS stock traded down $0.18 during trading on Thursday, reaching $42.05. The stock had a trading volume of 189,776 shares, compared to its average volume of 213,726. WSFS Financial has a 52 week low of $33.75 and a 52 week high of $57.70. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 0.97 and a beta of 1.12.
In other news, Director Mark A. Turner sold 14,335 shares of WSFS Financial stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $45.02, for a total value of $645,361.70. Following the completion of the transaction, the director now owns 155,205 shares in the company, valued at approximately $6,987,329.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.42% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the company. Jennison Associates LLC grew its position in shares of WSFS Financial by 2.0% in the fourth quarter. Jennison Associates LLC now owns 16,320 shares of the bank’s stock valued at $619,000 after purchasing an additional 323 shares in the last quarter. Prudential Financial Inc. grew its position in WSFS Financial by 4.1% in the fourth quarter. Prudential Financial Inc. now owns 10,790 shares of the bank’s stock worth $409,000 after acquiring an additional 427 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in WSFS Financial by 39.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,450 shares of the bank’s stock worth $93,000 after acquiring an additional 697 shares during the period. Legal & General Group Plc grew its position in WSFS Financial by 7.0% in the fourth quarter. Legal & General Group Plc now owns 13,185 shares of the bank’s stock worth $500,000 after acquiring an additional 868 shares during the period. Finally, Pearl River Capital LLC purchased a new position in WSFS Financial in the fourth quarter worth approximately $48,000. Hedge funds and other institutional investors own 87.63% of the company’s stock.
About WSFS Financial
WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. The company offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as jumbo certificates of deposit.
Recommended Story: Fundamental Analysis and Individual Investors
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for WSFS Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WSFS Financial and related companies with MarketBeat.com's FREE daily email newsletter.