Brokerages predict that Washington Federal, Inc. (NASDAQ:WAFD) will report sales of $124.98 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Washington Federal’s earnings, with the lowest sales estimate coming in at $124.90 million and the highest estimate coming in at $125.05 million. Washington Federal reported sales of $115.05 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.6%. The business is scheduled 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 fiscal year, with estimates ranging from $510.30 million to $515.57 million. For the next fiscal year, analysts anticipate that the firm will report sales of $559.52 million per share, with estimates ranging from $557.70 million to $561.34 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Washington Federal.

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

Several research analysts have issued reports on WAFD shares. ValuEngine downgraded Washington Federal from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Zacks Investment Research raised Washington Federal from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Friday, September 1st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $35.00 price objective on shares of Washington Federal in a report on Friday, September 8th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $34.00 price objective on shares of Washington Federal in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $36.00.

Washington Federal (NASDAQ WAFD) opened at $34.95 on Friday. Washington Federal has a 1-year low of $29.80 and a 1-year high of $35.95. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $3,032.36, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 1.69 and a beta of 1.16.

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

A number of large investors have recently bought and sold shares of the business. Teacher Retirement System of Texas lifted its stake in shares of Washington Federal by 0.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 7,157 shares of the bank’s stock valued at $238,000 after purchasing an additional 48 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Washington Federal by 1.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,522 shares of the bank’s stock valued at $183,000 after purchasing an additional 62 shares during the period. Creative Planning lifted its stake in shares of Washington Federal by 3.1% in the 2nd quarter. Creative Planning now owns 3,327 shares of the bank’s stock valued at $110,000 after purchasing an additional 101 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Washington Federal by 1.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,641 shares of the bank’s stock valued at $220,000 after purchasing an additional 127 shares during the period. Finally, Suntrust Banks Inc. lifted its stake in shares of Washington Federal by 1.7% in the 2nd quarter. Suntrust Banks Inc. now owns 13,539 shares of the bank’s stock valued at $449,000 after purchasing an additional 220 shares during the period. 83.07% of the stock is currently owned by hedge funds and other institutional investors.

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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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