TFS Financial Co. (TFSL) Expected to Announce Earnings of $0.09 Per Share

Wall Street analysts expect TFS Financial Co. (NASDAQ:TFSL) to announce earnings per share (EPS) of $0.09 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for TFS Financial’s earnings. TFS Financial reported earnings per share of $0.08 during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.5%. The firm is expected to report its next quarterly earnings results on Friday, April 27th.

According to Zacks, analysts expect that TFS Financial will report full year earnings of $0.37 per share for the current financial year. For the next financial year, analysts expect that the business will post earnings of $0.37 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for TFS Financial.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings data on Tuesday, January 30th. The bank reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.01. The company had revenue of $69.99 million during the quarter, compared to analysts’ expectations of $70.60 million. TFS Financial had a net margin of 20.32% and a return on equity of 5.54%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.07 earnings per share.

A number of equities analysts have weighed in on TFSL shares. BidaskClub upgraded shares of TFS Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, January 13th. ValuEngine cut shares of TFS Financial from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st.

NASDAQ:TFSL traded up $0.11 during trading hours on Thursday, reaching $15.13. 140,397 shares of the company were exchanged, compared to its average volume of 198,217. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market capitalization of $4,212.91, a PE ratio of 47.28 and a beta of 0.39. TFS Financial has a twelve month low of $14.32 and a twelve month high of $17.27.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 19th. Stockholders of record on Monday, March 5th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend was Friday, March 2nd. TFS Financial’s dividend payout ratio (DPR) is 212.50%.

In other TFS Financial news, COO Meredith S. Weil bought 5,330 shares of TFS Financial stock in a transaction dated Monday, March 5th. The stock was acquired at an average cost of $14.99 per share, for a total transaction of $79,896.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ben S. Stefanski III sold 26,600 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $15.10, for a total transaction of $401,660.00. Following the completion of the sale, the director now owns 48,700 shares of the company’s stock, valued at $735,370. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its position in shares of TFS Financial by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 8,641 shares of the bank’s stock valued at $134,000 after buying an additional 574 shares during the last quarter. Amalgamated Bank acquired a new stake in shares of TFS Financial in the fourth quarter valued at about $150,000. Susquehanna International Group LLP acquired a new stake in shares of TFS Financial in the third quarter valued at about $172,000. Two Sigma Investments LP acquired a new stake in shares of TFS Financial in the fourth quarter valued at about $167,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of TFS Financial in the fourth quarter valued at about $188,000. Institutional investors and hedge funds own 11.02% of the company’s stock.

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TFS Financial Company Profile

TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings accounts, checking accounts, certificate of deposit accounts, individual retirement accounts, and other qualified plan accounts. The company also provides residential real estate mortgage loans, residential construction loans, and home equity loans and lines of credit, as well as purchase mortgages and first mortgage refinance loans.

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