HomeStreet, Inc. (NASDAQ:HMST) will announce its earnings results after the market closes on Monday, October 23rd. Analysts expect the company to announce earnings of $0.41 per share for the quarter.
HomeStreet (NASDAQ:HMST) last released its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.18). The company had revenue of $127.88 million during the quarter, compared to the consensus estimate of $143.41 million. HomeStreet had a net margin of 8.89% and a return on equity of 8.10%. During the same quarter last year, the firm earned $0.90 EPS. On average, analysts expect HomeStreet to post $1.58 EPS for the current fiscal year and $2.10 EPS for the next fiscal year.
Shares of HomeStreet, Inc. (HMST) opened at 28.85 on Friday. The company has a 50-day moving average of $26.78 and a 200 day moving average of $26.81. The company has a market cap of $775.60 million, a PE ratio of 14.99 and a beta of 0.06. HomeStreet, Inc. has a 12-month low of $24.00 and a 12-month high of $33.70.
Several equities analysts have commented on the company. BidaskClub downgraded HomeStreet from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $31.00 price objective on shares of HomeStreet in a research report on Friday, July 14th. ValuEngine downgraded HomeStreet from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. FBR & Co reaffirmed a “hold” rating on shares of HomeStreet in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research raised HomeStreet from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $29.08.
HomeStreet Company Profile
HomeStreet, Inc is a financial services company serving customers primarily in the western United States, including Hawaii. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. The Company’s operating segments include Commercial and Consumer Banking, and Mortgage Banking.
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