Kearny Financial (KRNY) Projected to Post Quarterly Earnings on Wednesday

Kearny Financial (NASDAQ:KRNY) is expected to be posting its quarterly earnings results before the market opens on Wednesday, January 29th. Analysts expect Kearny Financial to post earnings of $0.12 per share and revenue of $37,994.00 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. The firm had revenue of $87.88 million during the quarter, compared to the consensus estimate of $37.70 million. Kearny Financial had a positive return on equity of 3.05% and a negative net margin of 27.43%. During the same period last year, the company earned $0.16 EPS.

Kearny Financial Trading Up 1.2 %

Shares of KRNY stock opened at $7.32 on Wednesday. Kearny Financial has a 1-year low of $5.28 and a 1-year high of $8.59. The firm has a market cap of $472.73 million, a PE ratio of -5.05 and a beta of 0.82. The company has a 50-day moving average of $7.61 and a two-hundred day moving average of $7.09. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.08 and a quick ratio of 1.08.

Wall Street Analyst Weigh In

Several analysts recently weighed in on KRNY shares. Piper Sandler upgraded shares of Kearny Financial from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $9.00 to $8.50 in a report on Monday, January 6th. StockNews.com raised Kearny Financial from a “sell” rating to a “hold” rating in a research note on Monday, October 28th.

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.