Flagstar Financial (FLG) Projected to Post Quarterly Earnings on Friday

Flagstar Financial (NYSE:FLG) is expected to post its quarterly earnings results before the market opens on Friday, April 25th. Analysts expect Flagstar Financial to post earnings of ($0.25) per share and revenue of $511.00 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Flagstar Financial (NYSE:FLG) last announced its quarterly earnings results on Thursday, January 30th. The company reported ($0.34) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.17. Flagstar Financial had a negative net margin of 17.16% and a negative return on equity of 10.72%. On average, analysts expect Flagstar Financial to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Flagstar Financial Stock Performance

NYSE:FLG opened at $10.44 on Friday. Flagstar Financial has a fifty-two week low of $7.86 and a fifty-two week high of $13.35. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.10 and a quick ratio of 1.09. The business’s 50 day moving average is $11.64. The stock has a market cap of $4.33 billion, a PE ratio of -2.83 and a beta of 1.17.

Flagstar Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, March 7th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Friday, March 7th. Flagstar Financial’s dividend payout ratio (DPR) is -1.08%.

Wall Street Analysts Forecast Growth

FLG has been the subject of several recent research reports. Barclays upped their target price on shares of Flagstar Financial from $13.00 to $14.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Citigroup upgraded Flagstar Financial from a “neutral” rating to a “buy” rating and raised their price target for the company from $13.50 to $15.00 in a research note on Friday, April 4th. JPMorgan Chase & Co. raised their target price on Flagstar Financial from $11.00 to $12.50 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, DA Davidson upgraded shares of Flagstar Financial from a “neutral” rating to a “buy” rating and increased their price target for the company from $12.00 to $14.50 in a research note on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Flagstar Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.25.

Flagstar Financial Company Profile

Flagstar Financial, 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.