Washington Federal Inc. (WAFD) Set to Announce Earnings on Wednesday
Washington Federal Inc. (NASDAQ:WAFD) is set to announce its earnings results on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.44 per share for the quarter.
Washington Federal (NASDAQ:WAFD) last posted its quarterly earnings data on Thursday, July 14th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.04. Washington Federal had a return on equity of 8.49% and a net margin of 27.76%. On average, analysts expect Washington Federal to post $1.73 EPS for the current fiscal year and $1.80 EPS for the next fiscal year.
Washington Federal Inc. (NASDAQ:WAFD) opened at 26.64 on Monday. Washington Federal Inc. has a 52-week low of $19.11 and a 52-week high of $27.20. The firm’s 50-day moving average price is $26.54 and its 200 day moving average price is $24.93. The company has a market cap of $2.41 billion, a PE ratio of 15.21 and a beta of 1.02.
Large investors have recently made changes to their positions in the company. Panagora Asset Management Inc. increased its stake in shares of Washington Federal by 7.2% in the second quarter. Panagora Asset Management Inc. now owns 349,438 shares of the company’s stock valued at $8,477,000 after buying an additional 23,391 shares during the period. Cantab Capital Partners LLP increased its stake in shares of Washington Federal by 4.5% in the second quarter. Cantab Capital Partners LLP now owns 23,076 shares of the company’s stock valued at $560,000 after buying an additional 999 shares during the period. Barclays PLC increased its stake in shares of Washington Federal by 1.5% in the second quarter. Barclays PLC now owns 27,877 shares of the company’s stock valued at $676,000 after buying an additional 408 shares during the period. C M Bidwell & Associates Ltd. bought a new stake in shares of Washington Federal during the second quarter valued at about $168,000. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Washington Federal by 3.5% in the second quarter. Parametric Portfolio Associates LLC now owns 86,893 shares of the company’s stock valued at $2,108,000 after buying an additional 2,946 shares during the period. Institutional investors and hedge funds own 83.11% of the company’s stock.
Separately, Zacks Investment Research upgraded Washington Federal from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Monday, July 18th.
Washington Federal Company Profile
Washington Federal, Inc is a bank holding company. The Company conducts its operations through a federally-insured national bank subsidiary, Washington Federal, National Association (the Bank). The Company’s principal activities consists of taking deposits from the public and investing these funds in loans of various types, including first lien mortgages on single-family dwellings, construction loans, land acquisition and development loans, loans on multi-family and other income producing properties, home equity loans and business loans.
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