Astoria Financial Corporation (AF) Set to Announce Earnings on Tuesday
Astoria Financial Corporation (NYSE:AF) is scheduled to be releasing its earnings data after the market closes on Tuesday, October 24th. Analysts expect Astoria Financial Corporation to post earnings of $0.13 per share for the quarter.
Astoria Financial Corporation (NYSE:AF) last announced its quarterly 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. The business had revenue of $90.38 million for the quarter, compared to the consensus estimate of $91.76 million. Astoria Financial Corporation had a return on equity of 4.21% and a net margin of 13.52%. The business’s revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. On average, analysts expect Astoria Financial Corporation to post $0.55 EPS for the current fiscal year and $0.56 EPS for the next fiscal year.
Shares of Astoria Financial Corporation (NYSE:AF) opened at 21.50 on Tuesday. The company has a 50 day moving average price of $19.79 and a 200 day moving average price of $19.92. Astoria Financial Corporation has a one year low of $14.11 and a one year high of $21.90. The company has a market cap of $2.16 billion, a P/E ratio of 37.46 and a beta of 0.58.
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In other news, insider Monte N. Redman sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $20.10, for a total value of $1,005,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Gerard C. Keegan sold 65,600 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $19.21, for a total value of $1,260,176.00. Following the completion of the transaction, the insider now directly owns 197,814 shares in the company, valued at $3,800,006.94. The disclosure for this sale can be found here. Insiders sold a total of 435,902 shares of company stock worth $8,613,709 over the last three months. 9.76% of the stock is owned by company insiders.
A number of equities research analysts have weighed in on AF shares. BidaskClub downgraded Astoria Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $25.50 price objective on shares of Astoria Financial Corporation in a report on Sunday, September 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Astoria Financial Corporation presently has a consensus rating of “Hold” and an average price target of $20.25.
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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