$0.14 Earnings Per Share Expected for Astoria Financial Corporation (AF) This Quarter
Equities research analysts predict that Astoria Financial Corporation (NYSE:AF) will post $0.14 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Astoria Financial Corporation’s earnings. Astoria Financial Corporation posted earnings per share of $0.16 in the same quarter last year, which would indicate a negative year-over-year growth rate of 12.5%. The business is expected to issue its next quarterly earnings report on Wednesday, October 25th.
On average, analysts expect that Astoria Financial Corporation will report full year earnings of $0.59 per share for the current fiscal year, with EPS estimates ranging from $0.55 to $0.62. For the next financial year, analysts anticipate that the company will report earnings of $0.58 per share. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Astoria Financial Corporation.
Astoria Financial Corporation (NYSE:AF) last posted its earnings results on Wednesday, July 26th. The savings and loans company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. Astoria Financial Corporation had a net margin of 13.52% and a return on equity of 4.21%. The business had revenue of $90.38 million for the quarter, compared to analyst estimates of $91.76 million. During the same period in the prior year, the company posted $0.16 EPS. The company’s revenue for the quarter was down 4.9% on a year-over-year basis.
A number of equities analysts have recently weighed in on AF shares. Keefe, Bruyette & Woods raised shares of Astoria Financial Corporation from a “market perform” rating to an “outperform” rating and set a $25.50 price objective for the company in a research report on Thursday, April 27th. BidaskClub lowered shares of Astoria Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $17.00 price objective on shares of Astoria Financial Corporation in a research report on Friday, June 16th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $20.25.
Astoria Financial Corporation (AF) traded down 3.19% during midday trading on Thursday, hitting $19.10. 844,545 shares of the stock traded hands. The company’s 50 day moving average is $19.97 and its 200-day moving average is $19.77. Astoria Financial Corporation has a one year low of $14.11 and a one year high of $21.66. The company has a market cap of $1.92 billion, a P/E ratio of 33.28 and a beta of 0.56.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 7th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Thursday, August 3rd. Astoria Financial Corporation’s dividend payout ratio is presently 27.59%.
In other news, VP Josie Callari sold 28,754 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $19.33, for a total value of $555,814.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Monte N. Redman sold 84,942 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $20.02, for a total transaction of $1,700,538.84. The disclosure for this sale can be found here. In the last three months, insiders sold 435,902 shares of company stock valued at $8,613,709. Company insiders own 9.76% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Astoria Financial Corporation by 50,276.1% in the first quarter. BlackRock Inc. now owns 11,575,917 shares of the savings and loans company’s stock worth $237,422,000 after buying an additional 11,552,938 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Astoria Financial Corporation during the first quarter valued at approximately $86,682,000. Chicago Capital Management LLC raised its position in shares of Astoria Financial Corporation by 3,701.7% in the second quarter. Chicago Capital Management LLC now owns 1,504,105 shares of the savings and loans company’s stock valued at $30,308,000 after buying an additional 1,464,541 shares during the period. Renaissance Technologies LLC raised its position in shares of Astoria Financial Corporation by 101.6% in the first quarter. Renaissance Technologies LLC now owns 2,366,350 shares of the savings and loans company’s stock valued at $48,534,000 after buying an additional 1,192,450 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Astoria Financial Corporation by 90.3% in the first quarter. Bank of America Corp DE now owns 2,373,224 shares of the savings and loans company’s stock valued at $48,674,000 after buying an additional 1,126,404 shares during the period. 86.89% of the stock is owned by institutional investors and hedge funds.
Astoria Financial Corporation Company Profile
Astoria Financial Corporation is a unitary savings and loan holding company. The Company’s principal business is the operation of its subsidiary, Astoria Bank. Astoria Bank’s primary business is attracting retail deposits from the general public and businesses and investing those deposits, together with funds generated from operations, principal repayments on loans and securities and borrowings, primarily in multi-family and commercial real estate mortgage loans, one- to four-family, or residential, mortgage loans and mortgage-backed securities.
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