Amalgamated Financial (AMAL) to Release Earnings on Thursday

Amalgamated Financial (NASDAQ:AMAL) is set to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.76 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Amalgamated Financial (NASDAQ:AMAL) last announced its quarterly earnings results on Thursday, January 25th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.01). Amalgamated Financial had a return on equity of 16.60% and a net margin of 22.71%. The company had revenue of $105.39 million for the quarter, compared to analyst estimates of $71.59 million. During the same quarter in the previous year, the company posted $0.83 earnings per share. On average, analysts expect Amalgamated Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Amalgamated Financial Stock Performance

Shares of AMAL stock opened at $22.75 on Tuesday. Amalgamated Financial has a 12-month low of $14.05 and a 12-month high of $27.77. The firm has a market capitalization of $693.88 million, a price-to-earnings ratio of 7.95 and a beta of 0.94. The business has a 50 day simple moving average of $23.21 and a 200 day simple moving average of $22.77. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.65 and a quick ratio of 0.65.

Wall Street Analysts Forecast Growth

AMAL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price objective on Amalgamated Financial from $33.00 to $29.50 and set an “overweight” rating for the company in a report on Thursday, April 4th. Keefe, Bruyette & Woods reduced their price objective on Amalgamated Financial from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday, April 5th.

Amalgamated Financial Company Profile

Amalgamated Financial Corp. operates as the bank holding company for Amalgamated Bank that provides commercial and retail banking, investment management, and trust and custody services for commercial and retail customers in the United States. The company accepts various deposit products, including non-interest bearing accounts, interest-bearing demand products, savings accounts, money market accounts, NOW accounts, and certificates of deposit.