Equities analysts forecast that Washington Federal Inc. (NASDAQ:WAFD) will report earnings per share of $0.66 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Washington Federal’s earnings, with estimates ranging from $0.64 to $0.67. Washington Federal reported earnings per share of $0.62 during the same quarter last year, which suggests a positive year-over-year growth rate of 6.5%. The business is expected to issue its next quarterly earnings results on Tuesday, October 15th.
On average, analysts expect that Washington Federal will report full year earnings of $2.61 per share for the current financial year, with EPS estimates ranging from $2.59 to $2.62. For the next year, analysts expect that the company will post earnings of $2.71 per share, with EPS estimates ranging from $2.67 to $2.75. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Washington Federal.
Washington Federal (NASDAQ:WAFD) last issued its quarterly earnings results on Tuesday, July 16th. The bank reported $0.67 EPS for the quarter, topping the consensus estimate of $0.64 by $0.03. Washington Federal had a net margin of 29.19% and a return on equity of 10.47%. The firm had revenue of $135.71 million for the quarter, compared to analysts’ expectations of $134.17 million.
WAFD has been the topic of several research reports. Piper Jaffray Companies set a $34.00 price target on shares of Washington Federal and gave the stock a “hold” rating in a research report on Monday, July 8th. BidaskClub upgraded shares of Washington Federal from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. Three research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $35.50.
Institutional investors and hedge funds have recently modified their holdings of the stock. Quantamental Technologies LLC purchased a new position in Washington Federal during the 2nd quarter valued at about $29,000. Steward Partners Investment Advisory LLC purchased a new position in Washington Federal during the 2nd quarter valued at about $31,000. Stevens First Principles Investment Advisors grew its stake in Washington Federal by 32.5% during the 1st quarter. Stevens First Principles Investment Advisors now owns 2,855 shares of the bank’s stock valued at $82,000 after acquiring an additional 700 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in Washington Federal during the 2nd quarter valued at about $147,000. Finally, Strs Ohio grew its stake in Washington Federal by 67.6% during the 2nd quarter. Strs Ohio now owns 5,700 shares of the bank’s stock valued at $199,000 after acquiring an additional 2,300 shares in the last quarter. 85.38% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Washington Federal stock opened at $34.64 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The company’s 50-day moving average price is $35.27 and its two-hundred day moving average price is $32.45. Washington Federal has a 52 week low of $24.67 and a 52 week high of $37.25. The stock has a market cap of $2.82 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 1.94 and a beta of 1.14.
The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a $0.21 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.84 dividend on an annualized basis and a yield of 2.42%. This is a boost from Washington Federal’s previous quarterly dividend of $0.20. Washington Federal’s dividend payout ratio (DPR) is currently 35.00%.
Washington Federal Company Profile
Washington Federal, Inc operates as the bank holding company for Washington Federal, National Association that provides lending, depository, insurance, and other banking services in the United States. The company accepts deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.
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