Analysts predict that TFS Financial Co. (NASDAQ:TFSL) will post $0.08 earnings per share for the current quarter, according to Zacks. Zero analysts have provided estimates for TFS Financial’s earnings. TFS Financial posted earnings per share of $0.07 during the same quarter last year, which indicates a positive year-over-year growth rate of 14.3%. The firm is expected to announce its next earnings results after the market closes on Tuesday, January 30th.
According to Zacks, analysts expect that TFS Financial will report full year earnings of $0.32 per share for the current financial year. For the next fiscal year, analysts expect that the firm will report earnings of $0.32 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover TFS Financial.
TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings results on Monday, October 30th. The bank reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. The company had revenue of $70.11 million during the quarter, compared to analysts’ expectations of $70.71 million. TFS Financial had a return on equity of 5.30% and a net margin of 20.73%. TFS Financial’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.08 EPS.
A number of brokerages recently weighed in on TFSL. TheStreet upgraded TFS Financial from a “c+” rating to a “b-” rating in a research report on Monday, October 30th. BidaskClub lowered TFS Financial from a “hold” rating to a “sell” rating in a research report on Saturday, December 16th. Finally, ValuEngine lowered TFS Financial from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st.
In related news, Director Anthony J. Asher sold 4,165 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $15.33, for a total transaction of $63,849.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.39% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in TFS Financial by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 5,390,460 shares of the bank’s stock worth $83,390,000 after acquiring an additional 37,420 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of TFS Financial in the 2nd quarter valued at about $309,000. Dimensional Fund Advisors LP grew its position in shares of TFS Financial by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,029,812 shares of the bank’s stock valued at $15,931,000 after buying an additional 13,200 shares during the last quarter. Sei Investments Co. grew its position in shares of TFS Financial by 12.9% in the 3rd quarter. Sei Investments Co. now owns 140,033 shares of the bank’s stock valued at $2,259,000 after buying an additional 15,968 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of TFS Financial by 4.1% in the 2nd quarter. Renaissance Technologies LLC now owns 6,291,222 shares of the bank’s stock valued at $97,325,000 after buying an additional 247,100 shares during the last quarter. Institutional investors and hedge funds own 10.97% of the company’s stock.
Shares of TFS Financial (TFSL) traded up $0.11 during mid-day trading on Wednesday, reaching $15.07. The company had a trading volume of 115,854 shares, compared to its average volume of 209,678. The company has a market cap of $4,240.00, a price-to-earnings ratio of 47.09 and a beta of 0.52. TFS Financial has a twelve month low of $14.58 and a twelve month high of $19.24. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.55 and a quick ratio of 1.55.
TFS Financial 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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