Washington Federal (NASDAQ:WAFD) Announces Quarterly Earnings Results
Washington Federal (NASDAQ:WAFD) issued its earnings results on Tuesday. The bank reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.03, Fidelity Earnings reports. Washington Federal had a net margin of 29.61% and a return on equity of 10.39%. The firm had revenue of $135.71 million during the quarter, compared to the consensus estimate of $134.17 million.
Shares of Washington Federal stock traded up $0.39 on Thursday, hitting $35.15. The company had a trading volume of 424,800 shares, compared to its average volume of 400,636. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 14.65, a P/E/G ratio of 1.92 and a beta of 1.15. Washington Federal has a twelve month low of $24.67 and a twelve month high of $35.60. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.04 and a quick ratio of 1.04. The company has a 50-day simple moving average of $33.71.
Several brokerages have commented on WAFD. Piper Jaffray Companies set a $92.00 target price on shares of Wintrust Financial and gave the company a “buy” rating in a research note on Monday, July 8th. ValuEngine downgraded shares of Wave Life Sciences from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Finally, BidaskClub raised shares of Zillow Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $35.33.
Washington Federal, Inc operates as the bank holding company for Washington Federal, National Association that provides lending, depository, insurance, and other banking services in the United States. The company accepts deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.
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