TFS Financial Corporation (TFSL) Expected to Post Earnings of $0.08 Per Share

Wall Street analysts expect TFS Financial Corporation (NASDAQ:TFSL) to report $0.08 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for TFS Financial Corporation’s earnings. TFS Financial Corporation also posted earnings per share of $0.08 in the same quarter last year. The business is expected to report 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 financial year. For the next financial year, analysts forecast that the business will report earnings of $0.31 per share. Zacks Investment Research’s earnings per share calculations 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. The firm had revenue of $75.08 million for the quarter, compared to analyst estimates of $70.88 million. TFS Financial Corporation had a return on equity of 5.31% and a net margin of 21.03%. During the same period in the previous year, the company posted $0.07 earnings per share.

A number of equities analysts have recently issued reports on the company. BidaskClub upgraded TFS Financial Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Piper Jaffray Companies restated a “hold” rating and issued a $18.50 price target on shares of TFS Financial Corporation in a research note on Friday, July 28th. Finally, ValuEngine downgraded TFS Financial Corporation from a “hold” rating to a “sell” rating in a research note on Friday, September 1st.

WARNING: This story was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another website, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The original version of this story can be accessed at https://ledgergazette.com/2017/10/10/tfs-financial-corporation-tfsl-expected-to-post-earnings-of-0-08-per-share.html.

In other news, COO Meredith S. Weil purchased 5,021 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.39% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TFSL. Bank of New York Mellon Corp lifted its position in TFS Financial Corporation by 7.7% during the first quarter. Bank of New York Mellon Corp now owns 513,672 shares of the bank’s stock valued at $8,538,000 after purchasing an additional 36,896 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in TFS Financial Corporation by 28.0% during the first quarter. UBS Asset Management Americas Inc. now owns 37,620 shares of the bank’s stock valued at $625,000 after purchasing an additional 8,220 shares in the last quarter. Karp Capital Management Corp purchased a new position in TFS Financial Corporation during the first quarter valued at $601,000. Pacer Advisors Inc. lifted its position in TFS Financial Corporation by 19.0% during the first quarter. Pacer Advisors Inc. now owns 9,473 shares of the bank’s stock valued at $157,000 after purchasing an additional 1,514 shares in the last quarter. Finally, KBC Group NV purchased a new position in TFS Financial Corporation during the first quarter valued at $362,000. Institutional investors own 11.10% of the company’s stock.

Shares of TFS Financial Corporation (NASDAQ:TFSL) traded up 1.02% during mid-day trading on Tuesday, hitting $15.87. The company’s stock had a trading volume of 60,309 shares. The stock’s 50 day moving average price is $15.41 and its 200 day moving average price is $15.86. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 51.19 and a beta of 0.55. TFS Financial Corporation has a 52-week low of $14.68 and a 52-week high of $19.89.

The company also recently declared a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 11th were paid a $0.17 dividend. This is an increase from TFS Financial Corporation’s previous quarterly dividend of $0.13. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend was Friday, September 8th. TFS Financial Corporation’s dividend payout ratio (DPR) is 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.

On average, analysts expect that TFS Financial Corporation will report full year earnings of $0.31 per share for the current financial year. For the next financial year, analysts forecast that the business will report earnings of $0.31 per share. Zacks Investment Research’s earnings per share calculations 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. The firm had revenue of $75.08 million for the quarter, compared to analyst estimates of $70.88 million. TFS Financial Corporation had a return on equity of 5.31% and a net margin of 21.03%. During the same period in the previous year, the company posted $0.07 earnings per share.

A number of equities analysts have recently issued reports on the company. BidaskClub upgraded TFS Financial Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Piper Jaffray Companies restated a “hold” rating and issued a $18.50 price target on shares of TFS Financial Corporation in a research note on Friday, July 28th. Finally, ValuEngine downgraded TFS Financial Corporation from a “hold” rating to a “sell” rating in a research note on Friday, September 1st.

WARNING: This story was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another website, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The original version of this story can be accessed at https://ledgergazette.com/2017/10/10/tfs-financial-corporation-tfsl-expected-to-post-earnings-of-0-08-per-share.html.

In other news, COO Meredith S. Weil purchased 5,021 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.39% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TFSL. Bank of New York Mellon Corp lifted its position in TFS Financial Corporation by 7.7% during the first quarter. Bank of New York Mellon Corp now owns 513,672 shares of the bank’s stock valued at $8,538,000 after purchasing an additional 36,896 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in TFS Financial Corporation by 28.0% during the first quarter. UBS Asset Management Americas Inc. now owns 37,620 shares of the bank’s stock valued at $625,000 after purchasing an additional 8,220 shares in the last quarter. Karp Capital Management Corp purchased a new position in TFS Financial Corporation during the first quarter valued at $601,000. Pacer Advisors Inc. lifted its position in TFS Financial Corporation by 19.0% during the first quarter. Pacer Advisors Inc. now owns 9,473 shares of the bank’s stock valued at $157,000 after purchasing an additional 1,514 shares in the last quarter. Finally, KBC Group NV purchased a new position in TFS Financial Corporation during the first quarter valued at $362,000. Institutional investors own 11.10% of the company’s stock.

Shares of TFS Financial Corporation (NASDAQ:TFSL) traded up 1.02% during mid-day trading on Tuesday, hitting $15.87. The company’s stock had a trading volume of 60,309 shares. The stock’s 50 day moving average price is $15.41 and its 200 day moving average price is $15.86. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 51.19 and a beta of 0.55. TFS Financial Corporation has a 52-week low of $14.68 and a 52-week high of $19.89.

The company also recently declared a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 11th were paid a $0.17 dividend. This is an increase from TFS Financial Corporation’s previous quarterly dividend of $0.13. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend was Friday, September 8th. TFS Financial Corporation’s dividend payout ratio (DPR) is 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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