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

New York Community Bancorp (NYSE:NYCB) is set to announce its earnings results before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. New York Community Bancorp had a net margin of 21.73% and a return on equity of 6.52%. The firm had revenue of $255.29 million for the quarter, compared to analysts’ expectations of $255.49 million. During the same period in the previous year, the firm posted $0.20 EPS. On average, analysts expect New York Community Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NYSE:NYCB opened at $13.19 on Wednesday. The company’s 50-day moving average price is $12.67 and its two-hundred day moving average price is $11.29. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.30 and a quick ratio of 1.30. New York Community Bancorp has a one year low of $8.61 and a one year high of $13.39. The stock has a market capitalization of $6.17 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 1.68 and a beta of 1.00.

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada assumed coverage on shares of New York Community Bancorp in a report on Friday, July 12th. They issued an “outperform” rating and a $12.00 target price on the stock. TheStreet raised shares of New York Community Bancorp from a “c+” rating to a “b-” rating in a report on Thursday, August 15th. B. Riley set a $13.00 target price on shares of New York Community Bancorp and gave the company a “buy” rating in a report on Wednesday, July 31st. Bank of America set a $13.00 target price on shares of New York Community Bancorp and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. raised shares of New York Community Bancorp from an “underweight” rating to a “neutral” rating and upped their target price for the company from $9.50 to $11.50 in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. New York Community Bancorp currently has a consensus rating of “Hold” and an average price target of $12.20.

New York Community Bancorp Company Profile

New York Community Bancorp, Inc operates as a bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products, including interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit.

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Earnings History for New York Community Bancorp (NYSE:NYCB)

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