New York Community Bancorp (NYSE:NYCB) Issues FY 2027 Earnings Guidance

New York Community Bancorp (NYSE:NYCB - Get Free Report) issued an update on its FY 2027 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 2.100-2.200 for the period. The company issued revenue guidance of -. New York Community Bancorp also updated its FY 2024 guidance to -3.100--3.000 EPS.

New York Community Bancorp Stock Performance

Shares of NYSE NYCB traded down $0.93 during midday trading on Friday, hitting $10.57. 18,525,262 shares of the company's stock were exchanged, compared to its average volume of 8,349,230. 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 stock's 50 day moving average price is $11.11 and its 200-day moving average price is $12.17. The firm has a market cap of $4.39 billion, a P/E ratio of -3.83 and a beta of 1.00. New York Community Bancorp has a twelve month low of $5.10 and a twelve month high of $34.47.

New York Community Bancorp (NYSE:NYCB - Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported ($3.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.26) by ($1.89). New York Community Bancorp had a negative return on equity of 4.49% and a negative net margin of 10.78%. The business had revenue of $671.00 million for the quarter, compared to analyst estimates of $722.47 million. During the same quarter in the prior year, the firm posted $4.23 earnings per share. The business's quarterly revenue was down 44.2% on a year-over-year basis. Equities research analysts anticipate that New York Community Bancorp will post -2.41 EPS for the current year.

New York Community Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Saturday, December 7th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.38%. New York Community Bancorp's payout ratio is -1.45%.

Analyst Upgrades and Downgrades

NYCB has been the topic of several recent analyst reports. Citigroup boosted their target price 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 boosted their target price 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. JPMorgan Chase & Co. boosted their target price 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. StockNews.com raised New York Community Bancorp to a "sell" rating in a report on Friday, July 19th. Finally, Barclays raised New York Community Bancorp from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $10.00 to $14.00 in a report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $17.48.

About New York Community Bancorp

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.