Brokerages Expect TFS Financial Co. (NASDAQ:TFSL) to Announce $0.08 EPS

Shares of TFS Financial Co. (NASDAQ:TFSL) have been assigned an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.

Brokers have set a twelve-month consensus price target of $17.50 for the company and are predicting that the company will post $0.08 EPS for the current quarter, according to Zacks. Zacks has also given TFS Financial an industry rank of 88 out of 256 based on the ratings given to its competitors.

TFSL has been the subject of a number of research analyst reports. TheStreet downgraded shares of TFS Financial from a “b-” rating to a “c+” rating in a report on Tuesday, April 30th. BidaskClub downgraded shares of TFS Financial from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th. Finally, Zacks Investment Research downgraded shares of TFS Financial from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th.

TFSL traded up $0.09 on Friday, hitting $17.88. The company’s stock had a trading volume of 993 shares, compared to its average volume of 156,912. The stock’s 50 day simple moving average is $17.46. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.07. TFS Financial has a 12 month low of $14.19 and a 12 month high of $18.08. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 55.59 and a beta of 0.18.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings results on Tuesday, April 30th. The bank reported $0.07 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.07. TFS Financial had a net margin of 17.07% and a return on equity of 4.75%. The firm had revenue of $72.67 million during the quarter, compared to the consensus estimate of $73.10 million. Research analysts anticipate that TFS Financial will post 0.3 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date was Monday, June 10th. TFS Financial’s dividend payout ratio is currently 312.50%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new position in TFS Financial in the 1st quarter worth $26,000. Parallel Advisors LLC raised its position in TFS Financial by 503.6% in the 1st quarter. Parallel Advisors LLC now owns 1,684 shares of the bank’s stock worth $28,000 after purchasing an additional 1,405 shares during the period. BNP Paribas Arbitrage SA raised its position in TFS Financial by 49.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,392 shares of the bank’s stock worth $89,000 after purchasing an additional 1,793 shares during the period. Buffington Mohr McNeal purchased a new position in TFS Financial in the 1st quarter worth $111,000. Finally, ETF Managers Group LLC raised its position in TFS Financial by 11.3% in the 1st quarter. ETF Managers Group LLC now owns 10,035 shares of the bank’s stock worth $165,000 after purchasing an additional 1,018 shares during the period. 11.66% of the stock is owned by institutional investors.

About TFS Financial

TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. The company's deposit products include savings, money market, checking, certificate of deposit, individual retirement, and other qualified plan accounts. It also provides residential real estate mortgage loans, residential construction loans, and home equity loans and lines of credit, as well as purchase mortgages and first mortgage refinance loans.

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