Equities analysts expect Washington Federal Inc. (NASDAQ:WAFD) to announce earnings of $0.60 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Washington Federal’s earnings. The highest EPS estimate is $0.64 and the lowest is $0.58. Washington Federal reported earnings of $0.47 per share in the same quarter last year, which suggests a positive year over year growth rate of 27.7%. The company is expected to issue its next earnings report on Thursday, April 12th.
On average, analysts expect that Washington Federal will report full year earnings of $2.44 per share for the current fiscal year, with EPS estimates ranging from $2.36 to $2.55. For the next fiscal year, analysts anticipate that the company will report earnings of $2.79 per share, with EPS estimates ranging from $2.65 to $2.95. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Washington Federal.
Washington Federal (NASDAQ:WAFD) last issued its quarterly earnings results on Wednesday, January 17th. The bank reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.08. Washington Federal had a net margin of 30.20% and a return on equity of 9.14%. The company had revenue of $122.53 million during the quarter, compared to analysts’ expectations of $124.98 million.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Xact Kapitalforvaltning AB acquired a new stake in shares of Washington Federal in the 4th quarter valued at $540,000. Balentine LLC acquired a new stake in shares of Washington Federal in the 4th quarter valued at $200,000. Segall Bryant & Hamill LLC raised its holdings in shares of Washington Federal by 9.9% in the 4th quarter. Segall Bryant & Hamill LLC now owns 212,394 shares of the bank’s stock valued at $7,274,000 after purchasing an additional 19,103 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of Washington Federal in the 4th quarter valued at $3,279,000. Finally, Zeke Capital Advisors LLC acquired a new stake in shares of Washington Federal in the 4th quarter valued at $245,000. Institutional investors and hedge funds own 84.50% of the company’s stock.
Shares of Washington Federal stock traded down $0.30 during mid-day trading on Tuesday, reaching $35.80. 1,557,288 shares of the company’s stock traded hands, compared to its average volume of 365,763. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.03 and a quick ratio of 1.03. Washington Federal has a 52 week low of $29.80 and a 52 week high of $37.70. The stock has a market cap of $3,077.87, a PE ratio of 17.29, a PEG ratio of 1.47 and a beta of 1.13.
Washington Federal announced that its Board of Directors has authorized a share buyback plan on Wednesday, January 24th that permits the company to repurchase 5,000,000 outstanding shares. This repurchase authorization permits the bank to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.90%. This is a positive change from Washington Federal’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 8th. Washington Federal’s dividend payout ratio (DPR) is presently 32.85%.
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Washington Federal Company Profile
Washington Federal, Inc is a bank holding company. The Company conducts its operations through a federally insured national bank subsidiary, Washington Federal, National Association (the Bank). The business of the Bank consists primarily of accepting deposits from the general public and investing these funds in loans of various types, including first lien mortgages on single-family dwellings, construction loans, land acquisition and development loans, loans on multi-family, commercial real estate and other income producing properties, home equity loans and business loans.
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