Flagstar Bancorp (FBC) to Release Quarterly Earnings on Tuesday
Flagstar Bancorp (NYSE:FBC) is set to issue its Q114 quarterly earnings data on Tuesday, April 22nd. Analysts expect the company to announce earnings of $0.19 per share and revenue of $62.40 million for the quarter.
Flagstar Bancorp (NYSE:FBC) last announced its earnings results on Thursday, January 23rd. The company reported $2.77 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $2.60. During the same quarter last year, the company posted $1.12 earnings per share. On average, analysts expect Flagstar Bancorp to post $1.44 EPS for the current fiscal year and $2.15 EPS for the next fiscal year.
Shares of Flagstar Bancorp (NYSE:FBC) opened at 20.39 on Monday. Flagstar Bancorp has a 1-year low of $12.29 and a 1-year high of $22.88. The stock has a 50-day moving average of $21.41 and a 200-day moving average of $19.14. The company has a market cap of $1.146 billion and a price-to-earnings ratio of 4.61.
A number of research firms have recently commented on FBC. Analysts at Zacks upgraded shares of Flagstar Bancorp from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 26th. They now have a $22.40 price target on the stock. On a related note, analysts at Keefe, Bruyette & Woods raised their price target on shares of Flagstar Bancorp from $17.00 to $24.00 in a research note on Tuesday, January 28th. Finally, analysts at Compass Point raised their price target on shares of Flagstar Bancorp from $23.00 to $24.00 in a research note on Monday, January 27th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Flagstar Bancorp has an average rating of “Buy” and a consensus price target of $23.35.
Flagstar Bancorp, Inc is a savings and loan holding company. The Company’s business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB (NYSE:FBC), a federally chartered stock savings bank.
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