New York Community Bancorp (NYSE:NYCB) Releases FY 2024 Earnings Guidance

New York Community Bancorp (NYSE:NYCB) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of -3.100–3.000 for the period, compared to the consensus EPS estimate of -2.460. The company issued revenue guidance of -. New York Community Bancorp also updated its FY 2025 guidance to -0.350–0.300 EPS.

New York Community Bancorp Trading Down 8.3 %

Shares of New York Community Bancorp stock opened at $10.55 on Monday. The company has a 50-day moving average of $11.11 and a two-hundred day moving average of $12.19. New York Community Bancorp has a 12-month low of $5.10 and a 12-month high of $34.47. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 3.66. The stock has a market cap of $4.38 billion, a PE ratio of -3.82 and a beta of 1.00.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Friday, October 25th. The financial services provider reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.29). The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $621.72 million. New York Community Bancorp had a negative return on equity of 4.49% and a negative net margin of 10.78%. During the same period last year, the firm earned $1.08 EPS. On average, research analysts anticipate that New York Community Bancorp will post -2.41 EPS for the current fiscal year.

New York Community Bancorp Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NYCB shares. Wedbush reissued a “neutral” rating and issued a $31.50 price target on shares of New York Community Bancorp in a report on Friday, July 26th. Keefe, Bruyette & Woods upped their target price on shares of New York Community Bancorp from $11.25 to $33.75 and gave the company a “market perform” rating in a report on Monday, July 15th. Citigroup lifted their price target on shares of New York Community Bancorp from $10.50 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. JPMorgan Chase & Co. boosted their price objective on shares of New York Community Bancorp from $11.50 to $12.50 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Finally, StockNews.com upgraded 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 given 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 presently 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.