Equities analysts expect Washington Federal Inc. (NASDAQ:WAFD) to announce earnings per share (EPS) of $0.60 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Washington Federal’s earnings, with the lowest EPS estimate coming in at $0.58 and the highest estimate coming in at $0.64. Washington Federal reported earnings of $0.47 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 27.7%. The firm is scheduled to issue its next earnings report on Thursday, April 12th.
According to Zacks, analysts expect that Washington Federal will report full-year earnings of $2.44 per share for the current financial year, with EPS estimates ranging from $2.36 to $2.55. For the next year, analysts expect that the business will post earnings of $2.79 per share, with EPS estimates ranging from $2.65 to $2.95. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Washington Federal.
Washington Federal (NASDAQ:WAFD) last released its quarterly earnings results on Wednesday, January 17th. The bank reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. Washington Federal had a net margin of 30.20% and a return on equity of 9.14%. The business had revenue of $122.53 million for the quarter, compared to analysts’ expectations of $124.98 million.
Shares of Washington Federal (NASDAQ WAFD) opened at $36.05 on Tuesday. Washington Federal has a 1-year low of $29.80 and a 1-year high of $37.70. The firm has a market cap of $3,100.00, a PE ratio of 17.67, a PEG ratio of 1.47 and a beta of 1.13. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.03 and a quick ratio of 1.03.
The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a $0.17 dividend. This is a boost from Washington Federal’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Thursday, February 8th. Washington Federal’s dividend payout ratio (DPR) is currently 33.33%.
Washington Federal declared that its Board of Directors has approved a stock buyback plan on Wednesday, January 24th that authorizes the company to repurchase 5,000,000 shares. This repurchase authorization authorizes the bank to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
Institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its position 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 last quarter. Acadian Asset Management LLC purchased a new position in shares of Washington Federal in the 4th quarter valued at approximately $199,000. Balentine LLC purchased a new position in shares of Washington Federal in the 4th quarter valued at approximately $200,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Washington Federal by 42.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,877 shares of the bank’s stock valued at $201,000 after purchasing an additional 1,760 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position 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 last quarter. 84.50% of the stock is owned by hedge funds and other institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Washington Federal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Federal and related companies with MarketBeat.com's FREE daily email newsletter.