Kearny Financial (NASDAQ:KRNY) Releases Earnings Results, Misses Estimates By $0.02 EPS

Kearny Financial (NASDAQ:KRNY) posted its quarterly earnings data on Thursday. The savings and loans company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02), Zacks reports. Kearny Financial had a positive return on equity of 3.05% and a negative net margin of 27.43%.

Kearny Financial Stock Down 2.3 %

Kearny Financial stock traded down $0.16 during mid-day trading on Thursday, reaching $7.12. 94,909 shares of the company’s stock were exchanged, compared to its average volume of 288,099. The company has a market cap of $459.55 million, a P/E ratio of -4.90 and a beta of 0.82. Kearny Financial has a twelve month low of $5.28 and a twelve month high of $8.59. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.99. The company has a fifty day moving average of $7.49 and a 200-day moving average of $7.13.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Piper Sandler raised shares of Kearny Financial from a “neutral” rating to an “overweight” rating and decreased their price target for the stock 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.