$134.43 Million in Sales Expected for Washington Federal Inc. (WAFD) This Quarter

Wall Street brokerages expect Washington Federal Inc. (NASDAQ:WAFD) to report sales of $134.43 million for the current quarter, Zacks reports. Three analysts have made estimates for Washington Federal’s earnings, with estimates ranging from $132.20 million to $136.30 million. Washington Federal reported sales of $122.53 million during the same quarter last year, which indicates a positive year over year growth rate of 9.7%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, January 16th.

According to Zacks, analysts expect that Washington Federal will report full year sales of $542.78 million for the current year, with estimates ranging from $526.90 million to $554.40 million. For the next year, analysts anticipate that the business will report sales of $547.94 million, with estimates ranging from $526.40 million to $569.48 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Washington Federal.

Washington Federal (NASDAQ:WAFD) last issued its quarterly earnings data on Tuesday, October 16th. The bank reported $0.62 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.62. The firm had revenue of $131.50 million during the quarter, compared to analysts’ expectations of $133.83 million. Washington Federal had a return on equity of 10.22% and a net margin of 31.31%. During the same period in the prior year, the business posted $0.52 EPS.



A number of equities research analysts have commented on WAFD shares. BidaskClub cut Washington Federal from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Zacks Investment Research cut Washington Federal from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. ValuEngine cut Washington Federal from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $35.00 price target on shares of Washington Federal in a research note on Friday, July 20th. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $36.20.

Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its stake in Washington Federal by 79.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,806 shares of the bank’s stock valued at $124,000 after buying an additional 1,682 shares during the last quarter. Kiley Juergens Wealth Management LLC purchased a new position in shares of Washington Federal in the second quarter worth about $175,000. OppenheimerFunds Inc. purchased a new position in shares of Washington Federal in the second quarter worth about $203,000. Gamco Investors INC. ET AL raised its stake in shares of Washington Federal by 28.6% in the second quarter. Gamco Investors INC. ET AL now owns 9,000 shares of the bank’s stock worth $294,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Raymond James & Associates purchased a new position in shares of Washington Federal in the second quarter worth about $340,000. Institutional investors own 84.32% of the company’s stock.

Shares of NASDAQ WAFD opened at $27.49 on Wednesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $2.32 billion, a P/E ratio of 11.45, a P/E/G ratio of 1.54 and a beta of 1.13. Washington Federal has a 1-year low of $26.66 and a 1-year high of $37.70.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Shareholders of record on Friday, November 9th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Thursday, November 8th. Washington Federal’s dividend payout ratio (DPR) is presently 30.00%.

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 to consumers, mid-sized and large businesses, and owners and developers of commercial real estate in the United States. The company accepts deposit products, such as business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.

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Earnings History and Estimates for Washington Federal (NASDAQ:WAFD)

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