Washington Federal, Inc. (WAFD) Expected to Post Earnings of $0.51 Per Share

Equities analysts expect that Washington Federal, Inc. (NASDAQ:WAFD) will post earnings per share (EPS) of $0.51 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Washington Federal’s earnings, with the lowest EPS estimate coming in at $0.50 and the highest estimate coming in at $0.52. Washington Federal posted earnings per share of $0.46 in the same quarter last year, which suggests a positive year over year growth rate of 10.9%. The company is scheduled to issue its next earnings results on Tuesday, January 16th.

On average, analysts expect that Washington Federal will report full year earnings of $2.07 per share for the current year, with EPS estimates ranging from $2.05 to $2.09. For the next year, analysts expect that the firm will report earnings of $2.25 per share, with EPS estimates ranging from $2.24 to $2.25. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow 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 WAFD shares. Zacks Investment Research upgraded shares of Washington Federal from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Friday, September 1st. ValuEngine downgraded shares of Washington Federal from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Royal Bank Of Canada reiterated a “hold” rating and set a $35.00 target price on shares of Washington Federal in a research note on Friday, September 8th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $34.00 target price on shares of Washington Federal in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $36.00.

Shares of Washington Federal (NASDAQ:WAFD) traded down $0.60 on Thursday, hitting $34.80. 440,338 shares of the stock traded hands, compared to its average volume of 405,055. Washington Federal has a twelve month low of $29.80 and a twelve month high of $35.95. The firm has a market capitalization of $3,032.36, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 1.69 and a beta of 1.16. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.11.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.72%. Washington Federal’s payout ratio is currently 30.93%.

A number of large investors have recently made changes to their positions in WAFD. Janus Henderson Group PLC acquired a new stake in Washington Federal in the second quarter valued at about $22,965,000. FMR LLC lifted its position in Washington Federal by 7.4% in the second quarter. FMR LLC now owns 8,016,631 shares of the bank’s stock valued at $266,152,000 after purchasing an additional 549,742 shares during the period. Principal Financial Group Inc. lifted its position in Washington Federal by 124.4% in the second quarter. Principal Financial Group Inc. now owns 944,223 shares of the bank’s stock valued at $31,348,000 after purchasing an additional 523,355 shares during the period. Northern Trust Corp lifted its position in Washington Federal by 12.8% in the second quarter. Northern Trust Corp now owns 3,039,627 shares of the bank’s stock valued at $100,916,000 after purchasing an additional 343,912 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Washington Federal by 487.1% in the third quarter. JPMorgan Chase & Co. now owns 311,752 shares of the bank’s stock valued at $10,584,000 after purchasing an additional 258,654 shares during the period. Hedge funds and other institutional investors own 83.07% of the company’s stock.

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Washington Federal Company Profile

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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