Brokerages predict that Washington Federal Inc. (NASDAQ:WAFD) will report sales of $134.17 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Washington Federal’s earnings. The lowest sales estimate is $133.40 million and the highest is $135.52 million. Washington Federal reported sales of $132.30 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.4%. The business is scheduled to announce its next earnings report on Wednesday, July 17th.
According to Zacks, analysts expect that Washington Federal will report full-year sales of $538.05 million for the current financial year, with estimates ranging from $531.80 million to $543.25 million. For the next fiscal year, analysts forecast that the firm will report sales of $548.33 million, with estimates ranging from $539.50 million to $552.98 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Washington Federal.
Washington Federal (NASDAQ:WAFD) last released its quarterly earnings results on Monday, April 15th. The bank reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. Washington Federal had a net margin of 29.61% and a return on equity of 10.39%. The business had revenue of $132.88 million for the quarter, compared to analysts’ expectations of $133.44 million. During the same period last year, the business earned $0.57 EPS.
Shares of NASDAQ:WAFD traded up $0.28 during trading on Friday, reaching $35.44. The stock had a trading volume of 332,100 shares, compared to its average volume of 407,380. Washington Federal has a one year low of $24.67 and a one year high of $35.58. The firm has a market cap of $2.85 billion, a P/E ratio of 14.77, a P/E/G ratio of 1.95 and a beta of 1.15. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a 50-day moving average of $33.39.
Hedge funds have recently added to or reduced their stakes in the stock. Toronto Dominion Bank acquired a new stake in Washington Federal in the 4th quarter worth approximately $27,000. Stevens First Principles Investment Advisors boosted its stake in Washington Federal by 32.5% in the 1st quarter. Stevens First Principles Investment Advisors now owns 2,855 shares of the bank’s stock worth $82,000 after purchasing an additional 700 shares in the last quarter. Advisor Group Inc. boosted its stake in Washington Federal by 21.4% in the 4th quarter. Advisor Group Inc. now owns 5,598 shares of the bank’s stock worth $150,000 after purchasing an additional 988 shares in the last quarter. Brighton Jones LLC acquired a new stake in Washington Federal in the 1st quarter worth approximately $210,000. Finally, Crossmark Global Holdings Inc. boosted its stake in Washington Federal by 3.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 8,040 shares of the bank’s stock worth $281,000 after purchasing an additional 294 shares in the last quarter. Institutional investors own 84.39% of the company’s stock.
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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