Capitol Federal Financial (NASDAQ:CFFN) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Capitol Federal Financial (NASDAQ:CFFN) posted its quarterly earnings results on Wednesday. The savings and loans company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02, Yahoo Finance reports. The company had revenue of $101.65 million for the quarter, compared to analysts’ expectations of $45.40 million. Capitol Federal Financial had a positive return on equity of 4.02% and a negative net margin of 33.33%. During the same quarter in the prior year, the company earned $0.04 earnings per share.

Capitol Federal Financial Stock Down 2.8 %

Shares of CFFN stock traded down $0.19 during trading on Friday, hitting $6.51. 1,097,582 shares of the company were exchanged, compared to its average volume of 856,940. The business’s 50-day simple moving average is $5.89 and its 200 day simple moving average is $5.60. The firm has a market capitalization of $870.60 million, a price-to-earnings ratio of -6.93 and a beta of 0.49. Capitol Federal Financial has a twelve month low of $4.53 and a twelve month high of $6.82. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.34 and a current ratio of 1.34.

Capitol Federal Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 5.22%. The ex-dividend date is Friday, November 1st. Capitol Federal Financial’s dividend payout ratio is currently -36.17%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CFFN shares. Piper Sandler upped their target price on Capitol Federal Financial from $6.50 to $7.00 and gave the company a “neutral” rating in a report on Thursday. StockNews.com raised shares of Capitol Federal Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Capitol Federal Financial from $6.00 to $6.50 and gave the stock a “market perform” rating in a research report on Thursday, July 25th.

About Capitol Federal Financial

Capitol Federal Financial, Inc operates as the holding company for Capitol Federal Savings Bank that provides various retail banking products and services in the United States. The company accepts a range of deposit products, including savings accounts, money market accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit.