Brokerages Expect Astoria Financial Corporation (NYSE:AF) to Post $0.14 Earnings Per Share
Wall Street brokerages forecast that Astoria Financial Corporation (NYSE:AF) will report $0.14 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Astoria Financial Corporation’s earnings. Astoria Financial Corporation posted earnings per share of $0.16 in the same quarter last year, which would suggest a negative year-over-year growth rate of 12.5%. The firm is expected to issue its next earnings report on Wednesday, July 26th.
On average, analysts expect that Astoria Financial Corporation will report full-year earnings of $0.59 per share for the current year, with EPS estimates ranging from $0.55 to $0.62. For the next financial year, analysts forecast that the firm will post earnings of $0.58 per share. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Astoria Financial Corporation.
Astoria Financial Corporation (NYSE:AF) last posted its earnings results on Wednesday, April 26th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.02. Astoria Financial Corporation had a net margin of 13.45% and a return on equity of 4.26%. The company had revenue of $91.99 million during the quarter, compared to analysts’ expectations of $93.41 million. During the same quarter last year, the firm earned $0.16 EPS.
A number of research firms recently issued reports on AF. Keefe, Bruyette & Woods restated a “hold” rating and set a $25.50 price target on shares of Astoria Financial Corporation in a research note on Monday, March 13th. BidaskClub upgraded Astoria Financial Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Piper Jaffray Companies downgraded Astoria Financial Corporation from an “overweight” rating to a “neutral” rating and set a $23.50 price target on the stock. in a research note on Wednesday, March 8th. Finally, Jefferies Group LLC restated a “hold” rating and set a $17.00 price target on shares of Astoria Financial Corporation in a research note on Friday, June 16th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $20.25.
Institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its position in Astoria Financial Corporation by 118.9% in the first quarter. Goldman Sachs Group Inc. now owns 582,116 shares of the savings and loans company’s stock valued at $11,939,000 after buying an additional 316,200 shares during the last quarter. HighTower Advisors LLC increased its position in Astoria Financial Corporation by 47.7% in the first quarter. HighTower Advisors LLC now owns 16,137 shares of the savings and loans company’s stock valued at $331,000 after buying an additional 5,213 shares during the last quarter. AQR Capital Management LLC increased its position in Astoria Financial Corporation by 117.1% in the first quarter. AQR Capital Management LLC now owns 102,640 shares of the savings and loans company’s stock valued at $2,105,000 after buying an additional 55,356 shares during the last quarter. Pentwater Capital Management LP bought a new position in Astoria Financial Corporation during the first quarter valued at $2,312,000. Finally, State Street Corp increased its position in Astoria Financial Corporation by 9.5% in the first quarter. State Street Corp now owns 2,175,874 shares of the savings and loans company’s stock valued at $44,628,000 after buying an additional 188,191 shares during the last quarter. 85.03% of the stock is owned by hedge funds and other institutional investors.
Astoria Financial Corporation (AF) opened at 20.56 on Thursday. Astoria Financial Corporation has a 1-year low of $14.11 and a 1-year high of $21.66. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 35.57 and a beta of 0.56. The firm has a 50-day moving average price of $19.52 and a 200 day moving average price of $19.44.
Astoria Financial Corporation Company Profile
Astoria Financial Corporation is a unitary savings and loan holding company. The Company’s principal business is the operation of its subsidiary, Astoria Bank. Astoria Bank’s primary business is attracting retail deposits from the general public and businesses and investing those deposits, together with funds generated from operations, principal repayments on loans and securities and borrowings, primarily in multi-family and commercial real estate mortgage loans, one- to four-family, or residential, mortgage loans and mortgage-backed securities.
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