Washington Federal Inc. to Post Q4 2019 Earnings of $0.60 Per Share, Piper Jaffray Companies Forecasts (WAFD)

Washington Federal Inc. (NASDAQ:WAFD) – Equities researchers at Piper Jaffray Companies lowered their Q4 2019 earnings per share (EPS) estimates for Washington Federal in a research report issued on Wednesday, October 17th. Piper Jaffray Companies analyst M. Clark now expects that the bank will post earnings per share of $0.60 for the quarter, down from their prior forecast of $0.63. Piper Jaffray Companies also issued estimates for Washington Federal’s Q1 2020 earnings at $0.60 EPS, Q2 2020 earnings at $0.61 EPS, Q3 2020 earnings at $0.61 EPS and FY2020 earnings at $2.45 EPS.

Washington Federal (NASDAQ:WAFD) last announced 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. 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 previous year, the firm earned $0.52 EPS.

Other equities analysts have also recently issued reports about the company. BidaskClub raised Washington Federal from a “hold” rating to a “buy” rating in a report on Friday, August 17th. Zacks Investment Research raised Washington Federal from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Tuesday, September 18th. 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. Finally, ValuEngine upgraded Washington Federal from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $36.20.

Shares of NASDAQ WAFD opened at $29.05 on Friday. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 12.05, a P/E/G ratio of 1.13 and a beta of 1.13. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.17. Washington Federal has a fifty-two week low of $28.64 and a fifty-two week high of $37.70.

Several institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in shares of Washington Federal by 79.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,806 shares of the bank’s stock valued at $124,000 after purchasing an additional 1,682 shares during the last quarter. Alpha Windward LLC increased its stake in shares of Washington Federal by 12.2% in the 2nd quarter. Alpha Windward LLC now owns 16,544 shares of the bank’s stock valued at $541,000 after purchasing an additional 1,800 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Washington Federal by 15.9% in the 2nd quarter. Victory Capital Management Inc. now owns 13,684 shares of the bank’s stock valued at $447,000 after purchasing an additional 1,877 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Washington Federal by 28.6% in the 2nd quarter. Gamco Investors INC. ET AL now owns 9,000 shares of the bank’s stock valued at $294,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Aperio Group LLC increased its stake in shares of Washington Federal by 12.3% in the 2nd quarter. Aperio Group LLC now owns 28,851 shares of the bank’s stock valued at $943,000 after purchasing an additional 3,156 shares during the last quarter. Institutional investors own 84.34% 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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