New York Community Bancorp, Inc. (NYCB) to Release Quarterly Earnings on Tuesday
New York Community Bancorp, Inc. (NYSE:NYCB) will issue its quarterly earnings data on Tuesday, October 24th. Analysts expect the company to announce earnings of $0.19 per share for the quarter.
New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The firm had revenue of $338.21 million for the quarter, compared to the consensus estimate of $326.36 million. New York Community Bancorp had a return on equity of 7.46% and a net margin of 25.67%. During the same quarter in the previous year, the business earned $0.26 earnings per share. On average, analysts expect New York Community Bancorp to post $0.77 EPS for the current fiscal year and $0.79 EPS for the next fiscal year.
New York Community Bancorp, Inc. (NYCB) opened at 12.80 on Tuesday. The stock has a 50 day moving average price of $12.47 and a 200 day moving average price of $12.93. The stock has a market cap of $6.26 billion, a P/E ratio of 13.93 and a beta of 0.58. New York Community Bancorp, Inc. has a 12-month low of $11.67 and a 12-month high of $17.68.
A number of analysts recently weighed in on the stock. BidaskClub raised shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Piper Jaffray Companies reissued a “sell” rating and issued a $11.00 price objective on shares of New York Community Bancorp in a research report on Tuesday, September 19th. Morgan Stanley reissued an “equal weight” rating and issued a $13.75 price objective (down from $14.00) on shares of New York Community Bancorp in a research report on Friday, July 7th. Finally, Zacks Investment Research lowered shares of New York Community Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th. Three equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $12.45.
New York Community Bancorp Company Profile
New York Community Bancorp, Inc is a multi-bank holding company. The Company operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking.
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