New York Community Bancorp (NYCB) Scheduled to Post Earnings on Friday

New York Community Bancorp (NYSE:NYCB) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, October 25th. Analysts expect the company to announce earnings of ($0.40) per share for the quarter.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported ($3.15) EPS for the quarter, missing the consensus estimate of ($1.26) by ($1.89). The company had revenue of $671.00 million during the quarter, compared to analyst estimates of $722.47 million. New York Community Bancorp had a negative net margin of 10.78% and a negative return on equity of 4.49%. The company’s quarterly revenue was down 44.2% compared to the same quarter last year. During the same period in the previous year, the company posted $4.23 EPS. On average, analysts expect New York Community Bancorp to post $-2 EPS for the current fiscal year and $0 EPS for the next fiscal year.

New York Community Bancorp Stock Down 0.3 %

NYCB traded down $0.04 during trading on Friday, reaching $12.34. 324,460 shares of the stock were exchanged, compared to its average volume of 8,322,191. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.17 and a current ratio of 1.27. The stock’s 50 day moving average price is $10.94 and its two-hundred day moving average price is $12.08. New York Community Bancorp has a twelve month low of $5.10 and a twelve month high of $34.47. The stock has a market cap of $5.12 billion, a P/E ratio of -4.44 and a beta of 1.00.

New York Community Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Saturday, September 7th were paid a dividend of $0.01 per share. The ex-dividend date was Friday, September 6th. This represents a $0.04 annualized dividend and a dividend yield of 0.32%. New York Community Bancorp’s dividend payout ratio is presently -1.45%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NYCB shares. JPMorgan Chase & Co. lifted their price target on New York Community Bancorp from $11.50 to $12.50 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Wedbush reiterated a “neutral” rating and set a $31.50 target price on shares of New York Community Bancorp in a research note on Friday, July 26th. Barclays upgraded New York Community Bancorp from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $10.00 to $14.00 in a research note on Thursday, September 26th. Keefe, Bruyette & Woods lifted their price objective on shares of New York Community Bancorp from $11.25 to $33.75 and gave the stock a “market perform” rating in a research report on Monday, July 15th. Finally, StockNews.com raised shares of New York Community Bancorp to a “sell” rating in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, New York Community Bancorp currently has a consensus rating of “Hold” and a consensus price target of $17.48.

New York Community Bancorp Company Profile

New York Community Bancorp, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.