Wall Street analysts expect Washington Federal Inc. (NASDAQ:WAFD) to post earnings of $0.63 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Washington Federal’s earnings. The highest EPS estimate is $0.65 and the lowest is $0.62. Washington Federal posted earnings per share of $0.61 during the same quarter last year, which would indicate a positive year over year growth rate of 3.3%. The business is expected to issue its next quarterly earnings results on Wednesday, July 17th.
On average, analysts expect that Washington Federal will report full-year earnings of $2.56 per share for the current financial year, with EPS estimates ranging from $2.52 to $2.60. For the next fiscal year, analysts expect that the business will post earnings of $2.64 per share, with EPS estimates ranging from $2.52 to $2.70. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Washington Federal.
Washington Federal (NASDAQ:WAFD) last announced its earnings results on Monday, April 15th. The bank reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $132.88 million during the quarter, compared to analysts’ expectations of $133.44 million. Washington Federal had a return on equity of 10.39% and a net margin of 29.61%. During the same period in the prior year, the firm earned $0.57 EPS.
Several analysts have commented on the company. TheStreet raised Washington Federal from a “c+” rating to a “b-” rating in a research note on Thursday, January 24th. BidaskClub raised Washington Federal from a “hold” rating to a “buy” rating in a research note on Saturday, January 19th. Zacks Investment Research raised Washington Federal from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, ValuEngine raised Washington Federal from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $36.00.
Shares of NASDAQ WAFD traded down $0.38 during trading hours on Friday, reaching $32.31. The stock had a trading volume of 489,049 shares, compared to its average volume of 424,923. The stock has a market cap of $2.60 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 1.81 and a beta of 1.16. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.30. Washington Federal has a fifty-two week low of $24.67 and a fifty-two week high of $35.25.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Thursday, May 9th. Washington Federal’s dividend payout ratio is presently 33.33%.
Several hedge funds have recently modified their holdings of WAFD. Toronto Dominion Bank purchased a new position in shares of Washington Federal during the 4th quarter worth approximately $27,000. Rockefeller Capital Management L.P. purchased a new position in shares of Washington Federal during the 1st quarter worth approximately $28,000. Oregon Public Employees Retirement Fund raised its stake in shares of Washington Federal by 2,571.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 932,873 shares of the bank’s stock worth $35,000 after buying an additional 897,947 shares in the last quarter. Stevens First Principles Investment Advisors raised its stake in shares of Washington Federal by 32.5% during the 1st quarter. Stevens First Principles Investment Advisors now owns 2,855 shares of the bank’s stock worth $82,000 after buying an additional 700 shares in the last quarter. Finally, ETF Managers Group LLC raised its stake in shares of Washington Federal by 19.4% during the 4th quarter. ETF Managers Group LLC now owns 3,885 shares of the bank’s stock worth $104,000 after buying an additional 630 shares in the last quarter. 88.82% of the stock is owned by institutional investors and hedge funds.
About Washington Federal
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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