New York Community Bancorp (NYSE:NYCB) Issues FY 2025 Earnings Guidance

New York Community Bancorp (NYSE:NYCB) issued an update on its FY 2025 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of -0.350–0.300 for the period, compared to the consensus estimate of 0.050. 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 Price Performance

Shares of NYSE:NYCB traded down $0.93 during trading hours on Friday, hitting $10.57. 18,525,262 shares of the company’s stock traded hands, compared to its average volume of 8,349,230. The company’s fifty day simple moving average is $11.11 and its two-hundred day simple moving average is $12.17. The company has a market cap of $4.39 billion, a price-to-earnings ratio of -3.83 and a beta of 1.00. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.17 and a current ratio of 1.27. New York Community Bancorp has a 52 week low of $5.10 and a 52 week high of $34.47.

New York Community Bancorp (NYSE:NYCB) last issued its earnings results on Thursday, July 25th. The financial services provider reported ($3.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.26) by ($1.89). The business had revenue of $671.00 million for the quarter, compared to the consensus estimate 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 company’s quarterly revenue was down 44.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.23 earnings per share. As a group, equities analysts anticipate that New York Community Bancorp will post -2.41 EPS for the current fiscal year.

New York Community Bancorp Dividend Announcement

The business 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 $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.38%. New York Community Bancorp’s payout ratio is -1.45%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NYCB shares. Barclays upgraded New York Community Bancorp from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $10.00 to $14.00 in a research report on Thursday, September 26th. JPMorgan Chase & Co. raised their target price on shares of 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 boosted their price target on shares of New York Community Bancorp from $10.50 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. Raymond James raised shares of New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Finally, Keefe, Bruyette & Woods boosted 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 research note on Monday, July 15th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.