Kearny Financial (KRNY) Set to Announce Quarterly Earnings on Thursday

Kearny Financial (NASDAQ:KRNY) is scheduled to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.13 per share for the quarter.

Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings data on Wednesday, January 31st. The savings and loans company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.06). The business had revenue of $19.83 million for the quarter, compared to analysts’ expectations of $42.60 million. Kearny Financial had a net margin of 5.84% and a return on equity of 4.44%.

Kearny Financial Stock Performance

Shares of KRNY stock opened at $5.82 on Tuesday. The firm has a market cap of $375.04 million, a price-to-earnings ratio of 20.07 and a beta of 0.71. The company’s 50 day moving average is $6.17 and its 200 day moving average is $7.25. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.97. Kearny Financial has a 52-week low of $5.44 and a 52-week high of $9.46.

Kearny Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 7.56%. The ex-dividend date was Tuesday, February 6th. Kearny Financial’s payout ratio is 151.73%.

Insiders Place Their Bets

In other news, Director Melvina Wong-Zaza purchased 3,945 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were acquired at an average cost of $6.47 per share, with a total value of $25,524.15. Following the completion of the acquisition, the director now owns 6,595 shares of the company’s stock, valued at $42,669.65. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Christopher Petermann acquired 10,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was acquired at an average cost of $6.14 per share, for a total transaction of $61,400.00. Following the completion of the purchase, the director now owns 56,139 shares of the company’s stock, valued at approximately $344,693.46. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Melvina Wong-Zaza acquired 3,945 shares of the stock in a transaction dated Wednesday, February 14th. The shares were bought at an average price of $6.47 per share, with a total value of $25,524.15. Following the completion of the purchase, the director now directly owns 6,595 shares of the company’s stock, valued at approximately $42,669.65. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 15,945 shares of company stock valued at $98,664. 8.22% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Kearny Financial from a “hold” rating to a “sell” rating in a report on Friday, January 12th.

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. The company offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.