Amalgamated Financial (AMAL) to Release Earnings on Thursday

Amalgamated Financial (NASDAQ:AMAL) will be releasing its earnings data before the market opens on Thursday, April 25th. Analysts expect Amalgamated Financial to post earnings of $0.76 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Amalgamated Financial (NASDAQ:AMAL) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $71.59 million. During the same quarter last year, the company earned $0.83 EPS. 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 Price Performance

Shares of NASDAQ AMAL opened at $22.75 on Tuesday. The stock’s 50-day moving average is $23.21 and its two-hundred day moving average is $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. Amalgamated Financial has a 1-year low of $14.05 and a 1-year high of $27.77. The company has a market cap of $693.88 million, a price-to-earnings ratio of 7.95 and a beta of 0.94.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut their price target on Amalgamated Financial from $33.00 to $29.50 and set an “overweight” rating on the stock in a report on Thursday, April 4th. Keefe, Bruyette & Woods cut their price target on Amalgamated Financial from $32.00 to $30.00 and set an “outperform” rating on the stock in a report 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.