Washington Federal Inc. (NASDAQ:WAFD) Expected to Announce Earnings of $0.66 Per Share

Wall Street brokerages expect that Washington Federal Inc. (NASDAQ:WAFD) will announce $0.66 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Washington Federal’s earnings. The highest EPS estimate is $0.67 and the lowest is $0.64. Washington Federal posted earnings per share of $0.62 during the same quarter last year, which would suggest a positive year over year growth rate of 6.5%. The company is expected to announce 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 year, with EPS estimates ranging from $2.59 to $2.62. For the next financial year, analysts anticipate that the company will report earnings of $2.71 per share, with EPS estimates ranging from $2.67 to $2.75. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Washington Federal.

Washington Federal (NASDAQ:WAFD) last posted its quarterly earnings data on Tuesday, July 16th. The bank reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.03. The business had revenue of $135.71 million for the quarter, compared to analysts’ expectations of $134.17 million. Washington Federal had a return on equity of 10.47% and a net margin of 29.19%.

WAFD has been the topic of several research reports. Piper Jaffray Companies set a $34.00 price objective on Washington Federal and gave the company a “hold” rating in a research report on Monday, July 8th. ValuEngine raised Washington Federal from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, BidaskClub raised Washington Federal from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $35.50.

A number of institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC purchased a new position in shares of Washington Federal during the second quarter valued at approximately $31,000. Stevens First Principles Investment Advisors lifted its holdings in shares of Washington Federal by 32.5% during the first quarter. Stevens First Principles Investment Advisors now owns 2,855 shares of the bank’s stock valued at $82,000 after purchasing an additional 700 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of Washington Federal by 21.4% during the fourth quarter. Advisor Group Inc. now owns 5,598 shares of the bank’s stock valued at $150,000 after purchasing an additional 988 shares during the last quarter. Strs Ohio lifted its holdings in shares of Washington Federal by 67.6% during the second quarter. Strs Ohio now owns 5,700 shares of the bank’s stock valued at $199,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Brighton Jones LLC purchased a new position in shares of Washington Federal during the first quarter valued at approximately $210,000. 83.70% of the stock is currently owned by institutional investors and hedge funds.

Washington Federal stock traded down $0.66 during trading hours on Friday, hitting $35.31. 543,195 shares of the stock traded hands, compared to its average volume of 445,836. The business’s 50-day moving average price is $34.76. 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 stock has a market capitalization of $2.90 billion, a P/E ratio of 14.71, a PEG ratio of 2.00 and a beta of 1.14. Washington Federal has a one year low of $24.67 and a one year high of $37.25.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.38%. This is a boost from Washington Federal’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, August 8th. Washington Federal’s payout ratio is presently 33.33%.

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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Earnings History and Estimates for Washington Federal (NASDAQ:WAFD)

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