Amalgamated Financial (AMAL) Set to Announce Earnings on Thursday

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

Amalgamated Financial (NASDAQ:AMAL) last posted 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). The business had revenue of $105.39 million during the quarter, compared to the consensus estimate of $71.59 million. Amalgamated Financial had a return on equity of 16.60% and a net margin of 22.71%. During the same period in the prior year, the firm earned $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

Amalgamated Financial stock opened at $23.05 on Wednesday. The firm has a fifty day simple moving average of $23.21 and a two-hundred day simple moving average of $22.77. Amalgamated Financial has a twelve month low of $14.05 and a twelve month high of $27.77. The company has a market capitalization of $703.03 million, a PE ratio of 8.06 and a beta of 0.94. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.52.

Analyst Ratings Changes

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

About Amalgamated Financial

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.