Flagstar Bancorp (FBC) to Release Quarterly Earnings on Tuesday

Flagstar Bancorp (NYSE:FBC) will announce its earnings results before the market opens on Tuesday, October 22nd. Analysts expect the company to announce earnings of $0.99 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings results on Tuesday, July 23rd. The savings and loans company reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.24. Flagstar Bancorp had a return on equity of 10.70% and a net margin of 16.26%. The company had revenue of $306.00 million for the quarter, compared to the consensus estimate of $270.32 million. During the same period last year, the business posted $0.85 earnings per share. On average, analysts expect Flagstar Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NYSE FBC opened at $38.34 on Monday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.82 and a current ratio of 1.09. The firm has a 50-day simple moving average of $37.33 and a 200 day simple moving average of $34.56. Flagstar Bancorp has a twelve month low of $25.30 and a twelve month high of $39.16. The stock has a market cap of $2.19 billion, a PE ratio of 12.70 and a beta of 1.25.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. B. Riley increased their target price on shares of Flagstar Bancorp from $38.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, ValuEngine cut shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Flagstar Bancorp currently has an average rating of “Hold” and an average price target of $37.60.

Flagstar Bancorp Company Profile

Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial and consumer banking services to individuals and businesses in the United States. Its Community Banking segment offers various products, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer and commercial loans, commercial real estate loans, equipment finance and leasing, home builder finance loans, and warehouse lines of credit.

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Earnings History for Flagstar Bancorp (NYSE:FBC)

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