TFS Financial Corporation (TFSL) Set to Announce Earnings on Monday
TFS Financial Corporation (NASDAQ:TFSL) is set to post its quarterly earnings results after the market closes on Monday, October 30th. Analysts expect TFS Financial Corporation to post earnings of $0.08 per share for the quarter.
TFS Financial Corporation (NASDAQ:TFSL) last announced its quarterly earnings results on Thursday, July 27th. The bank reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $75.08 million for the quarter, compared to analysts’ expectations of $70.88 million. TFS Financial Corporation had a net margin of 21.03% and a return on equity of 5.31%. During the same period in the previous year, the company posted $0.07 earnings per share. On average, analysts expect TFS Financial Corporation to post $0.31 EPS for the current fiscal year and $0.31 EPS for the next fiscal year.
TFS Financial Corporation (NASDAQ:TFSL) opened at 15.87 on Monday. The firm’s 50-day moving average is $15.59 and its 200-day moving average is $15.82. The firm has a market capitalization of $4.39 billion, a PE ratio of 51.19 and a beta of 0.55. TFS Financial Corporation has a 12 month low of $14.68 and a 12 month high of $19.89.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Monday, September 11th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, September 8th. This represents a $0.68 dividend on an annualized basis and a yield of 4.28%. This is an increase from TFS Financial Corporation’s previous quarterly dividend of $0.13. TFS Financial Corporation’s dividend payout ratio is currently 219.35%.
In related news, COO Meredith S. Weil bought 5,021 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was purchased at an average price of $15.40 per share, with a total value of $77,323.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.39% of the stock is owned by corporate insiders.
An institutional investor recently raised its position in TFS Financial Corporation stock. The Manufacturers Life Insurance Company boosted its stake in shares of TFS Financial Corporation (NASDAQ:TFSL) by 7.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,641 shares of the bank’s stock after purchasing an additional 574 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in TFS Financial Corporation were worth $134,000 at the end of the most recent quarter. 11.10% of the stock is currently owned by institutional investors.
A number of equities analysts recently commented on the company. Piper Jaffray Companies restated a “hold” rating and issued a $18.50 price objective on shares of TFS Financial Corporation in a report on Friday, July 28th. ValuEngine downgraded TFS Financial Corporation from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, BidaskClub upgraded TFS Financial Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd.
TFS Financial Corporation Company Profile
TFS Financial Corporation is the holding company of Third Federal Savings and Loan Association of Cleveland (Association). The Association is a savings and loan association. The Association’s principal business consists of originating and servicing residential real estate mortgage loans and attracting retail savings deposits.
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