Kearny Financial (KRNY) to Release Earnings on Thursday

Kearny Financial (NASDAQ:KRNY) will issue 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 interested in participating in the company’s conference call can do so using this link.

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

Kearny Financial Price Performance

KRNY stock opened at $7.19 on Wednesday. The firm has a 50 day moving average of $6.73 and a 200-day moving average of $6.23. The firm has a market capitalization of $463.30 million, a P/E ratio of 28.76 and a beta of 0.77. Kearny Financial has a 12 month low of $5.28 and a 12 month high of $9.46. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.27.

Insiders Place Their Bets

In related news, EVP Thomas Demedici sold 6,304 shares of the firm’s stock in a transaction that occurred 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 directly owns 70,614 shares of the company’s stock, valued at $423,684. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 8.22% of the company’s stock.

Analyst Ratings Changes

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

About Kearny Financial

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.