Wall Street brokerages predict that Washington Federal Inc. (NASDAQ:WAFD) will post $133.93 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Washington Federal’s earnings. The highest sales estimate is $135.59 million and the lowest is $132.00 million. Washington Federal reported sales of $128.69 million in the same quarter last year, which indicates a positive year-over-year growth rate of 4.1%. The firm is expected to issue its next earnings results on Wednesday, October 17th.

On average, analysts expect that Washington Federal will report full year sales of $520.70 million for the current financial year, with estimates ranging from $518.90 million to $522.90 million. For the next financial year, analysts expect that the company will post sales of $548.34 million per share, with estimates ranging from $535.90 million to $554.72 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Washington Federal.

Washington Federal (NASDAQ:WAFD) last announced its quarterly earnings results on Wednesday, July 18th. The bank reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. The firm had revenue of $132.30 million during the quarter, compared to analysts’ expectations of $131.70 million. Washington Federal had a net margin of 30.99% and a return on equity of 9.93%. During the same quarter last year, the company earned $0.49 earnings per share.

A number of brokerages have commented on WAFD. BidaskClub upgraded shares of Washington Federal from a “hold” rating to a “buy” rating in a research note on Friday, August 17th. ValuEngine upgraded shares of Washington Federal from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. Zacks Investment Research cut shares of Washington Federal from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. Finally, Royal Bank of Canada restated a “hold” rating and set a $35.00 price target on shares of Washington Federal in a research note on Friday, July 20th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $36.80.

WAFD traded up $0.10 during midday trading on Monday, reaching $34.15. 288,497 shares of the company’s stock were exchanged, compared to its average volume of 305,563. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 1.44 and a beta of 1.10. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.19. Washington Federal has a one year low of $29.85 and a one year high of $37.70.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 24th. Shareholders of record on Friday, August 10th were paid a dividend of $0.18 per share. This is a boost from Washington Federal’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, August 9th. This represents a $0.72 dividend on an annualized basis and a yield of 2.11%. Washington Federal’s dividend payout ratio (DPR) is currently 37.11%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its holdings in shares of Washington Federal by 12.3% during the second quarter. BlackRock Inc. now owns 11,782,908 shares of the bank’s stock worth $385,301,000 after buying an additional 1,286,456 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Washington Federal by 12.3% during the first quarter. Principal Financial Group Inc. now owns 1,301,596 shares of the bank’s stock worth $45,035,000 after buying an additional 142,766 shares in the last quarter. Brown Advisory Inc. increased its holdings in shares of Washington Federal by 13.4% during the second quarter. Brown Advisory Inc. now owns 1,086,589 shares of the bank’s stock worth $35,531,000 after buying an additional 128,570 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Washington Federal by 51.9% during the second quarter. Bank of America Corp DE now owns 942,917 shares of the bank’s stock worth $30,833,000 after buying an additional 322,153 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of Washington Federal by 2.1% during the first quarter. Allianz Asset Management GmbH now owns 863,983 shares of the bank’s stock worth $29,894,000 after buying an additional 17,697 shares in the last quarter. Hedge funds and other institutional investors own 84.23% of the company’s stock.

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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