Equities analysts forecast that Washington Federal Inc. (NASDAQ:WAFD) will post $134.17 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Washington Federal’s earnings, with the highest sales estimate coming in at $135.52 million and the lowest estimate coming in at $133.40 million. Washington Federal posted sales of $132.30 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.4%. The business is expected to announce its next quarterly earnings results on Wednesday, July 17th.
According to Zacks, analysts expect that Washington Federal will report full year sales of $538.05 million for the current fiscal year, with estimates ranging from $531.80 million to $543.25 million. For the next year, analysts expect that the company will report sales of $548.33 million, with estimates ranging from $539.50 million to $552.98 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Washington Federal.
Washington Federal (NASDAQ:WAFD) last announced its quarterly earnings results on Monday, April 15th. The bank reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. Washington Federal had a net margin of 29.61% and a return on equity of 10.39%. The firm had revenue of $132.88 million during the quarter, compared to the consensus estimate of $133.44 million. During the same period last year, the firm earned $0.57 EPS.
Several hedge funds and other institutional investors have recently bought and sold shares of WAFD. Toronto Dominion Bank bought a new stake in shares of Washington Federal during the 4th quarter worth $27,000. Stevens First Principles Investment Advisors lifted its holdings in shares of Washington Federal by 32.5% during the 1st quarter. Stevens First Principles Investment Advisors now owns 2,855 shares of the bank’s stock worth $82,000 after acquiring an additional 700 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of Washington Federal by 21.4% during the 4th quarter. Advisor Group Inc. now owns 5,598 shares of the bank’s stock worth $150,000 after acquiring an additional 988 shares during the last quarter. Brighton Jones LLC bought a new stake in shares of Washington Federal during the 1st quarter worth $210,000. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of Washington Federal by 3.8% during the 2nd 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 last quarter. 84.39% of the stock is owned by institutional investors.
NASDAQ:WAFD traded up $0.28 during trading hours on Friday, hitting $35.44. The stock had a trading volume of 332,100 shares, compared to its average volume of 407,380. The business’s 50 day moving average price is $33.39. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.04 and a quick ratio of 1.04. Washington Federal has a one year low of $24.67 and a one year high of $35.58. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 1.95 and a beta of 1.15.
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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