Brokerages expect TFS Financial Corporation (NASDAQ:TFSL) to report earnings per share (EPS) of $0.08 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for TFS Financial Corporation’s earnings. TFS Financial Corporation also posted earnings per share of $0.08 during the same quarter last year. The business is scheduled to announce its next quarterly earnings report after the market closes on Monday, October 30th.
On average, analysts expect that TFS Financial Corporation will report full year earnings of $0.31 per share for the current year. For the next year, analysts forecast that the company will report earnings of $0.31 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover TFS Financial Corporation.
TFS Financial Corporation (NASDAQ:TFSL) last issued its earnings results on Thursday, July 27th. The bank reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.01. TFS Financial Corporation had a net margin of 21.03% and a return on equity of 5.31%. The business had revenue of $75.08 million during the quarter, compared to the consensus estimate of $70.88 million. During the same period last year, the business posted $0.07 EPS.
A number of research firms have weighed in on TFSL. BidaskClub cut shares of TFS Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Piper Jaffray Companies reiterated a “hold” rating and issued a $18.50 target price on shares of TFS Financial Corporation in a research note on Friday, July 28th. Finally, ValuEngine cut shares of TFS Financial Corporation from a “hold” rating to a “sell” rating in a research note on Friday, September 1st.
In related news, COO Meredith S. Weil bought 5,021 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were purchased at an average cost of $15.40 per share, for a total transaction of $77,323.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.39% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TFSL. The Manufacturers Life Insurance Company boosted its stake in TFS Financial Corporation by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 8,641 shares of the bank’s stock valued at $134,000 after acquiring an additional 574 shares during the last quarter. Blue Sky Asset Management LLC purchased a new position in TFS Financial Corporation in the second quarter valued at about $142,000. Pacer Advisors Inc. boosted its stake in TFS Financial Corporation by 19.0% in the first quarter. Pacer Advisors Inc. now owns 9,473 shares of the bank’s stock valued at $157,000 after acquiring an additional 1,514 shares during the last quarter. Rafferty Asset Management LLC purchased a new position in TFS Financial Corporation in the first quarter valued at about $172,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in TFS Financial Corporation in the first quarter valued at about $300,000. Hedge funds and other institutional investors own 11.10% of the company’s stock.
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Shares of TFS Financial Corporation (TFSL) traded up 0.345% during midday trading on Tuesday, reaching $15.985. 45,147 shares of the company traded hands. TFS Financial Corporation has a 12-month low of $14.68 and a 12-month high of $19.89. The firm has a market capitalization of $4.42 billion, a PE ratio of 51.565 and a beta of 0.55. The company has a 50-day moving average of $15.48 and a 200 day moving average of $15.85.
The business also recently announced a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Monday, September 11th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.27%. This is a boost from TFS Financial Corporation’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, September 8th. TFS Financial Corporation’s payout ratio is presently 219.35%.
TFS Financial Corporation Company Profile
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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