$133.33 Million in Sales Expected for Washington Federal Inc. (WAFD) This Quarter

Wall Street analysts expect Washington Federal Inc. (NASDAQ:WAFD) to report $133.33 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Washington Federal’s earnings. The lowest sales estimate is $132.20 million and the highest is $134.80 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 8.8%. The firm is expected to report its next quarterly earnings results on Wednesday, January 16th.

On average, analysts expect that Washington Federal will report full-year sales of $538.38 million for the current fiscal year, with estimates ranging from $526.90 million to $547.04 million. For the next fiscal year, analysts forecast that the company will report sales of $553.16 million, with estimates ranging from $526.40 million to $569.48 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Washington Federal.

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

A number of equities research analysts recently issued reports on the company. BidaskClub lowered Washington Federal from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research reissued a “hold” rating on shares of Washington Federal in a research report on Monday, December 31st. TheStreet lowered Washington Federal from a “b” rating to a “c+” rating in a research report on Monday, November 19th. Finally, ValuEngine lowered Washington Federal from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $36.20.

Washington Federal stock traded down $0.08 during midday trading on Friday, reaching $27.89. The stock had a trading volume of 307,200 shares, compared to its average volume of 480,575. Washington Federal has a 1-year low of $24.67 and a 1-year high of $37.70. The firm has a market cap of $2.28 billion, a PE ratio of 11.62, a P/E/G ratio of 1.60 and a beta of 1.11. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.03 and a current ratio of 1.03.

Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its position in shares of Washington Federal by 79.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,806 shares of the bank’s stock worth $124,000 after purchasing an additional 1,682 shares during the last quarter. Honkamp Krueger Financial Services Inc. acquired a new position in shares of Washington Federal during the 3rd quarter worth approximately $160,000. OppenheimerFunds Inc. acquired a new position in shares of Washington Federal during the 2nd quarter worth approximately $203,000. Verition Fund Management LLC acquired a new position in shares of Washington Federal during the 3rd quarter worth approximately $209,000. Finally, Gamco Investors INC. ET AL increased its position in shares of Washington Federal by 28.6% during the 2nd 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. 87.16% of the stock is currently owned by hedge funds and other institutional investors.

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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