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

New York Community Bancorp (NYSE:NYCB - Get Free Report) will 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. Individual that are interested in participating in the company's earnings conference call can do so using this link.

New York Community Bancorp (NYSE:NYCB - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported ($3.15) earnings per share for the quarter, missing the consensus estimate of ($1.26) by ($1.89). The company had revenue of $671.00 million for the quarter, compared to analysts' expectations of $722.47 million. New York Community Bancorp had a negative return on equity of 4.49% and a negative net margin of 10.78%. The business's quarterly revenue was down 44.2% on a year-over-year basis. During the same period in the previous year, the business 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 Price Performance

New York Community Bancorp stock traded down $0.21 during mid-day trading on Friday, hitting $12.17. 3,680,270 shares of the company were exchanged, compared to its average volume of 8,338,793. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.27 and a quick ratio of 1.17. The business's 50 day simple moving average is $10.94 and its two-hundred day simple moving average is $12.08. The company has a market capitalization of $5.05 billion, a P/E ratio of -4.41 and a beta of 1.00. New York Community Bancorp has a 12-month low of $5.10 and a 12-month high of $34.47.

New York Community Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Saturday, September 7th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Friday, September 6th. New York Community Bancorp's payout ratio is -1.45%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Raymond James raised New York Community Bancorp from an "underperform" rating to a "market perform" rating in a research report on Tuesday, September 17th. JPMorgan Chase & Co. raised their price objective 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. Citigroup raised their price objective on New York Community Bancorp from $10.50 to $12.00 and gave the stock a "neutral" rating in a report on Wednesday, July 3rd. Keefe, Bruyette & Woods raised their price objective on New York Community Bancorp from $11.25 to $33.75 and gave the stock a "market perform" rating in a report on Monday, July 15th. Finally, StockNews.com upgraded New York Community Bancorp to a "sell" rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, 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.