Equities analysts expect Washington Federal Inc. (NASDAQ:WAFD) to report earnings of $0.62 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Washington Federal’s earnings, with estimates ranging from $0.60 to $0.64. Washington Federal posted earnings of $0.57 per share during the same quarter last year, which would indicate a positive year over year growth rate of 8.8%. The business is scheduled to report its next earnings report on Wednesday, April 10th.
According to Zacks, analysts expect that Washington Federal will report full year earnings of $2.50 per share for the current year, with EPS estimates ranging from $2.42 to $2.60. For the next year, analysts anticipate that the firm will post earnings of $2.56 per share, with EPS estimates ranging from $2.42 to $2.70. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Washington Federal.
Washington Federal (NASDAQ:WAFD) last issued its quarterly earnings data on Monday, January 14th. The bank reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The firm had revenue of $138.16 million during the quarter, compared to analyst estimates of $133.33 million. Washington Federal had a return on equity of 10.31% and a net margin of 30.16%.
A number of institutional investors have recently bought and sold shares of WAFD. Norges Bank purchased a new position in Washington Federal in the fourth quarter valued at approximately $28,516,000. Oregon Public Employees Retirement Fund lifted its stake in Washington Federal by 2,571.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 932,873 shares of the bank’s stock valued at $35,000 after purchasing an additional 897,947 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Washington Federal by 948,356.0% in the third quarter. Clearbridge Investments LLC now owns 711,342 shares of the bank’s stock valued at $22,763,000 after purchasing an additional 711,267 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in Washington Federal in the fourth quarter valued at approximately $13,613,000. Finally, Janus Henderson Group PLC lifted its stake in Washington Federal by 59.3% in the third quarter. Janus Henderson Group PLC now owns 1,055,034 shares of the bank’s stock valued at $33,761,000 after purchasing an additional 392,860 shares during the last quarter. Institutional investors and hedge funds own 86.27% of the company’s stock.
Shares of WAFD opened at $30.20 on Monday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 12.58, a P/E/G ratio of 1.72 and a beta of 1.12. Washington Federal has a 52 week low of $24.67 and a 52 week high of $36.35.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 22nd. Stockholders of record on Friday, February 8th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, February 7th. This is a positive change from Washington Federal’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 2.65%. Washington Federal’s dividend payout ratio is currently 33.33%.
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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