Brokerages expect Washington Federal Inc. (NASDAQ:WAFD) to report earnings per share of $0.60 for the current fiscal quarter, according to Zacks. Two analysts have provided 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 during the same quarter last year, which would suggest a positive year-over-year growth rate of 27.7%. The business is expected to report its next quarterly earnings results on Thursday, April 12th.
According to Zacks, analysts expect that Washington Federal will report full-year earnings of $2.44 per share for the current year, with EPS estimates ranging from $2.36 to $2.55. For the next fiscal year, analysts expect that the firm 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 follow Washington Federal.
Washington Federal (NASDAQ:WAFD) last announced its quarterly earnings results on Wednesday, January 17th. The bank reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.08. Washington Federal had a return on equity of 9.14% and a net margin of 30.20%. The firm had revenue of $122.53 million for the quarter, compared to analyst estimates of $124.98 million.
Shares of Washington Federal stock traded down $0.30 during mid-day trading on Tuesday, hitting $35.80. The stock had a trading volume of 1,557,288 shares, compared to its average volume of 365,763. Washington Federal has a 12-month low of $29.80 and a 12-month high of $37.70. The firm has a market capitalization of $3,077.87, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 1.47 and a beta of 1.13. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.20.
Washington Federal declared that its Board of Directors has initiated a share buyback program on Wednesday, January 24th that authorizes the company to buyback 5,000,000 shares. This buyback authorization authorizes the bank to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.90%. This is an increase 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 32.85%.
Several institutional investors and hedge funds have recently modified their holdings of the company. Xact Kapitalforvaltning AB bought a new position in shares of Washington Federal during the fourth quarter worth about $540,000. Balentine LLC bought a new stake in Washington Federal in the fourth quarter worth approximately $200,000. Segall Bryant & Hamill LLC increased its holdings in Washington Federal by 9.9% in the fourth quarter. Segall Bryant & Hamill LLC now owns 212,394 shares of the bank’s stock worth $7,274,000 after purchasing an additional 19,103 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of Washington Federal during the fourth quarter valued at approximately $3,279,000. Finally, Zeke Capital Advisors LLC bought a new stake in shares of Washington Federal during the fourth quarter valued at approximately $245,000. Institutional investors own 84.50% of the company’s stock.
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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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