Washington Federal Inc. (NASDAQ:WAFD) Expected to Post Earnings of $0.61 Per Share

Brokerages expect that Washington Federal Inc. (NASDAQ:WAFD) will announce earnings of $0.61 per share for the current quarter, Zacks reports. Three analysts have made estimates for Washington Federal’s earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.60. Washington Federal reported earnings of $0.65 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 6.2%. The business is expected to report its next quarterly earnings results on Monday, January 13th.

On average, analysts expect that Washington Federal will report full year earnings of $2.54 per share for the current year, with EPS estimates ranging from $2.47 to $2.60. For the next year, analysts forecast that the business will post earnings of $2.72 per share, with EPS estimates ranging from $2.56 to $2.85. Zacks’ EPS averages are an average based on a survey of research analysts that cover Washington Federal.

Washington Federal (NASDAQ:WAFD) last issued its quarterly earnings results on Tuesday, October 15th. The bank reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. The firm had revenue of $136.63 million for the quarter, compared to analysts’ expectations of $136.20 million. Washington Federal had a return on equity of 10.47% and a net margin of 28.65%. During the same period in the previous year, the firm posted $0.62 EPS.

A number of equities research analysts have issued reports on the company. BidaskClub lowered Washington Federal from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 17th. ValuEngine downgraded shares of Washington Federal from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $34.00.

Shares of NASDAQ:WAFD traded down $0.26 during midday trading on Monday, hitting $36.52. The company had a trading volume of 2,270 shares, compared to its average volume of 283,524. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 1.03. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 13.95 and a beta of 1.11. Washington Federal has a 12-month low of $24.67 and a 12-month high of $38.26. The company has a fifty day moving average of $36.63 and a two-hundred day moving average of $34.99.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Thursday, November 7th. Washington Federal’s dividend payout ratio (DPR) is presently 32.18%.

Several large investors have recently modified their holdings of the company. Crossmark Global Holdings Inc. increased its position in shares of Washington Federal by 3.8% during the second quarter. Crossmark Global Holdings Inc. now owns 8,040 shares of the bank’s stock worth $281,000 after acquiring an additional 294 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Washington Federal by 1.5% during the second quarter. Janney Montgomery Scott LLC now owns 34,754 shares of the bank’s stock worth $1,214,000 after acquiring an additional 519 shares during the period. Brinker Capital Inc. increased its position in shares of Washington Federal by 1.6% during the third quarter. Brinker Capital Inc. now owns 36,783 shares of the bank’s stock worth $1,361,000 after acquiring an additional 579 shares during the period. Dupont Capital Management Corp increased its position in shares of Washington Federal by 10.2% during the third quarter. Dupont Capital Management Corp now owns 6,580 shares of the bank’s stock worth $243,000 after acquiring an additional 611 shares during the period. Finally, Auxier Asset Management increased its position in shares of Washington Federal by 1.6% during the second quarter. Auxier Asset Management now owns 48,647 shares of the bank’s stock worth $1,699,000 after acquiring an additional 775 shares during the period. 83.75% of the stock is currently 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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Earnings History and Estimates for Washington Federal (NASDAQ:WAFD)

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