Equities analysts expect that Washington Federal, Inc. (NASDAQ:WAFD) will post $124.98 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Washington Federal’s earnings. The highest sales estimate is $125.05 million and the lowest is $124.90 million. Washington Federal reported sales of $115.05 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.6%. The firm is expected to issue its next earnings report on Tuesday, January 16th.

According to Zacks, analysts expect that Washington Federal will report full year sales of $124.98 million for the current year, with estimates ranging from $510.30 million to $515.57 million. For the next fiscal year, analysts expect that the company will post sales of $559.52 million per share, with estimates ranging from $557.70 million to $561.34 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Washington Federal.

Washington Federal (NASDAQ:WAFD) last announced its earnings results on Wednesday, October 18th. The bank reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. Washington Federal had a net margin of 28.87% and a return on equity of 8.63%. The business had revenue of $128.69 million during the quarter, compared to the consensus estimate of $121.46 million.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Washington Federal from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Friday, July 21st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $34.00 price objective on shares of Washington Federal in a research report on Tuesday, July 25th. Royal Bank Of Canada restated a “hold” rating and issued a $35.00 price objective on shares of Washington Federal in a research report on Friday, September 8th. Piper Jaffray Companies restated a “hold” rating and issued a $34.00 price objective on shares of Washington Federal in a research report on Friday, October 6th. Finally, ValuEngine upgraded shares of Washington Federal from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $36.00.

Shares of Washington Federal (WAFD) opened at $33.45 on Tuesday. Washington Federal has a 12 month low of $29.80 and a 12 month high of $35.95. The firm has a market cap of $2,916.62, a PE ratio of 17.24, a PEG ratio of 1.62 and a beta of 1.16. The company has a current ratio of 1.02, a quick ratio of 1.03 and a debt-to-equity ratio of 1.11.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be given a $0.15 dividend. The ex-dividend date 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%.

A number of large investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. lifted its position in Washington Federal by 4.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 573,593 shares of the bank’s stock valued at $19,302,000 after purchasing an additional 25,933 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Washington Federal in the third quarter valued at about $366,000. Wells Fargo & Company MN lifted its position in Washington Federal by 17.8% in the third quarter. Wells Fargo & Company MN now owns 277,948 shares of the bank’s stock valued at $9,353,000 after purchasing an additional 42,043 shares during the period. Citadel Advisors LLC lifted its position in shares of Washington Federal by 101.5% during the 3rd quarter. Citadel Advisors LLC now owns 16,830 shares of the bank’s stock valued at $566,000 after acquiring an additional 8,476 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Washington Federal by 487.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 311,752 shares of the bank’s stock valued at $10,584,000 after acquiring an additional 258,654 shares during the period. Hedge funds and other institutional investors own 84.78% of the company’s stock.

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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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Earnings History and Estimates for Washington Federal (NASDAQ:WAFD)

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