Oritani Financial (ORIT) to Release Earnings on Monday
Oritani Financial (NASDAQ:ORIT) will release its earnings data after the market closes on Monday, January 22nd. Analysts expect Oritani Financial to post earnings of $0.27 per share for the quarter.
Oritani Financial (NASDAQ:ORIT) last issued its earnings results on Wednesday, October 25th. The bank reported $0.27 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.27. The business had revenue of $28.59 million for the quarter, compared to analyst estimates of $28.30 million. Oritani Financial had a net margin of 31.03% and a return on equity of 10.73%. On average, analysts expect Oritani Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Oritani Financial (NASDAQ:ORIT) opened at $16.55 on Monday. The company has a market cap of $765.93, a P/E ratio of 14.65 and a beta of 0.35. Oritani Financial has a 1 year low of $15.30 and a 1 year high of $17.85. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.23 and a current ratio of 1.23.
A number of brokerages have recently commented on ORIT. BidaskClub lowered shares of Oritani Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 9th. ValuEngine raised shares of Oritani Financial from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, FIG Partners reaffirmed a “market-perform” rating on shares of Oritani Financial in a research report on Thursday, October 26th.
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About Oritani Financial
Oritani Financial Corp. is a holding company for Oritani Bank (the Bank). The Bank offers a range of retail and commercial loan and deposit products. The Bank operates in the New Jersey Counties of Bergen, Hudson, Essex and Passaic. The Bank’s loan portfolio includes residential loans, residential commercial real estate loans, credit or grocery retail commercial real estate loans, other commercial real estate loans, and construction and land loans.
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