$0.48 EPS Expected for Washington Federal, Inc. (WAFD) This Quarter
Wall Street brokerages expect Washington Federal, Inc. (NASDAQ:WAFD) to post earnings per share (EPS) of $0.48 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Washington Federal’s earnings. The lowest EPS estimate is $0.47 and the highest is $0.49. Washington Federal reported earnings per share of $0.49 in the same quarter last year, which would suggest a negative year-over-year growth rate of 2%. The firm is expected to issue its next earnings report on Wednesday, October 18th.
On average, analysts expect that Washington Federal will report full-year earnings of $1.90 per share for the current financial year, with EPS estimates ranging from $1.89 to $1.91. For the next year, analysts forecast that the company will post earnings of $2.05 per share, with EPS estimates ranging from $2.01 to $2.09. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Washington Federal.
Washington Federal (NASDAQ:WAFD) last released its quarterly earnings results on Tuesday, July 18th. The bank reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $122.54 million during the quarter, compared to analyst estimates of $120.35 million. Washington Federal had a return on equity of 8.57% and a net margin of 29.06%.
Several research analysts recently commented on the company. Zacks Investment Research lowered Washington Federal from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. BidaskClub upgraded Washington Federal from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $34.00 price target on shares of Washington Federal in a research report on Tuesday, July 25th. Royal Bank Of Canada reiterated a “hold” rating and issued a $35.00 price target on shares of Washington Federal in a research report on Friday, September 8th. Finally, ValuEngine downgraded shares of Washington Federal from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $33.50.
In other Washington Federal news, Director Thomas J. Kelley sold 6,100 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $33.72, for a total value of $205,692.00. Following the completion of the sale, the director now owns 21,185 shares of the company’s stock, valued at $714,358.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.28% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of WAFD. Capstone Asset Management Co. raised its stake in shares of Washington Federal by 3.5% during the first quarter. Capstone Asset Management Co. now owns 8,056 shares of the bank’s stock valued at $267,000 after acquiring an additional 270 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Washington Federal by 1.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 31,665 shares of the bank’s stock valued at $1,048,000 after acquiring an additional 400 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Washington Federal by 5.7% during the first quarter. Wells Fargo & Company MN now owns 220,221 shares of the bank’s stock valued at $7,289,000 after acquiring an additional 11,874 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Washington Federal by 4.9% during the first quarter. Great West Life Assurance Co. Can now owns 52,539 shares of the bank’s stock valued at $1,736,000 after acquiring an additional 2,478 shares in the last quarter. Finally, State Treasurer State of Michigan raised its stake in shares of Washington Federal by 0.8% during the first quarter. State Treasurer State of Michigan now owns 36,223 shares of the bank’s stock valued at $1,199,000 after acquiring an additional 300 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.
Washington Federal (NASDAQ:WAFD) traded up 0.32% on Friday, reaching $31.65. The company’s stock had a trading volume of 851,184 shares. Washington Federal has a one year low of $25.15 and a one year high of $35.95. The company has a market capitalization of $2.80 billion, a PE ratio of 16.65 and a beta of 1.13. The firm has a 50-day moving average of $31.96 and a 200-day moving average of $32.87.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Friday, August 4th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.90%. The ex-dividend date was Wednesday, August 2nd. Washington Federal’s payout ratio is currently 31.41%.
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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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