Analysts forecast that TFS Financial Co. (NASDAQ:TFSL) will report earnings of $0.08 per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for TFS Financial’s earnings. TFS Financial reported earnings of $0.07 per share in the same quarter last year, which would indicate a positive year over year growth rate of 14.3%. The firm is expected to issue its next earnings results on Monday, January 29th.
According to Zacks, analysts expect that TFS Financial will report full year earnings of $0.32 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the company will report earnings of $0.32 per share. Zacks’ EPS averages are an average based on a survey of analysts that follow TFS Financial.
TFS Financial (NASDAQ:TFSL) last issued its earnings results on Monday, October 30th. The bank reported $0.08 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. TFS Financial had a net margin of 20.73% and a return on equity of 5.30%. The firm had revenue of $70.11 million during the quarter, compared to the consensus estimate of $70.71 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share. The business’s quarterly revenue was up 3.7% on a year-over-year basis.
Several brokerages have commented on TFSL. TheStreet raised shares of TFS Financial from a “c+” rating to a “b-” rating in a research note on Monday, October 30th. ValuEngine downgraded shares of TFS Financial from a “hold” rating to a “sell” rating in a research report on Friday, September 1st.
In other news, Director Anthony J. Asher sold 4,165 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $15.33, for a total transaction of $63,849.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.39% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. Legal & General Group Plc increased its position in shares of TFS Financial by 2.4% during the second quarter. Legal & General Group Plc now owns 23,864 shares of the bank’s stock worth $369,000 after acquiring an additional 553 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of TFS Financial by 7.1% during the second quarter. The Manufacturers Life Insurance Company now owns 8,641 shares of the bank’s stock worth $134,000 after acquiring an additional 574 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of TFS Financial by 2.0% during the first quarter. Alliancebernstein L.P. now owns 30,746 shares of the bank’s stock worth $511,000 after acquiring an additional 600 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of TFS Financial by 11.4% during the second quarter. Pacer Advisors Inc. now owns 10,555 shares of the bank’s stock worth $163,000 after acquiring an additional 1,082 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of TFS Financial by 1.2% during the second quarter. California Public Employees Retirement System now owns 123,600 shares of the bank’s stock worth $1,912,000 after acquiring an additional 1,500 shares in the last quarter. 10.97% of the stock is owned by institutional investors.
Shares of TFS Financial (TFSL) traded down $0.12 during trading hours on Thursday, reaching $15.25. 87,893 shares of the company’s stock traded hands, compared to its average volume of 129,674. TFS Financial has a 1 year low of $14.68 and a 1 year high of $19.89. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market capitalization of $4,286.33, a P/E ratio of 49.19 and a beta of 0.50.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.46%. The ex-dividend date is Monday, November 27th. TFS Financial’s dividend payout ratio is 219.35%.
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About TFS Financial
TFS Financial Corporation is the holding company of Third Federal Savings and Loan Association of Cleveland (Association). The Association is a savings and loan association. The Association’s principal business consists of originating and servicing residential real estate mortgage loans and attracting retail savings deposits.
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