Kearny Financial (KRNY) Scheduled to Post Quarterly Earnings on Thursday

Kearny Financial (NASDAQ:KRNY) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Kearny Financial (NASDAQ:KRNY) last issued its earnings results on Thursday, July 25th. The savings and loans company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The business had revenue of $39.08 million during the quarter, compared to analyst estimates of $39.00 million. Kearny Financial had a negative net margin of 26.51% and a positive return on equity of 3.41%.

Kearny Financial Price Performance

Shares of KRNY opened at $7.12 on Tuesday. The company has a market capitalization of $458.79 million, a price-to-earnings ratio of 28.76 and a beta of 0.77. Kearny Financial has a fifty-two week low of $5.28 and a fifty-two week high of $9.46. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.12 and a quick ratio of 1.12. The business’s 50-day moving average is $6.69 and its 200-day moving average is $6.22.

Kearny Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Monday, August 12th were issued a $0.11 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.18%. Kearny Financial’s dividend payout ratio is 176.00%.

Insider Buying and Selling at Kearny Financial

In other news, EVP Thomas Demedici sold 6,304 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $6.00, for a total value of $37,824.00. Following the sale, the executive vice president now owns 70,614 shares in the company, valued at approximately $423,684. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.22% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods increased their price target on Kearny Financial from $6.00 to $7.00 and gave the company a “market perform” rating in a report on Tuesday, July 30th.

Kearny Financial Company Profile

Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. It offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.