United Community Financial Corp (UCFC) Expected to Announce Quarterly Sales of $29.03 Million

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Brokerages expect that United Community Financial Corp (NASDAQ:UCFC) will report $29.03 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for United Community Financial’s earnings, with the lowest sales estimate coming in at $28.80 million and the highest estimate coming in at $29.25 million. United Community Financial reported sales of $27.34 million during the same quarter last year, which would indicate a positive year over year growth rate of 6.2%. The business is expected to announce its next earnings report on Tuesday, January 22nd.

According to Zacks, analysts expect that United Community Financial will report full-year sales of $111.36 million for the current year, with estimates ranging from $111.20 million to $111.52 million. For the next financial year, analysts anticipate that the firm will report sales of $118.69 million, with estimates ranging from $118.00 million to $119.37 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover United Community Financial.

United Community Financial (NASDAQ:UCFC) last released its earnings results on Wednesday, October 17th. The savings and loans company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. United Community Financial had a return on equity of 11.96% and a net margin of 24.80%. The business had revenue of $27.77 million for the quarter, compared to analyst estimates of $28.12 million.

A number of research firms have weighed in on UCFC. Boenning Scattergood reiterated a “hold” rating on shares of United Community Financial in a research note on Wednesday, July 18th. BidaskClub lowered United Community Financial from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 11th. Finally, ValuEngine lowered United Community Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $12.00.

UCFC stock traded down $0.02 during midday trading on Friday, reaching $9.06. The company’s stock had a trading volume of 163,200 shares, compared to its average volume of 124,213. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 0.98. United Community Financial has a 1 year low of $8.66 and a 1 year high of $11.98. The firm has a market cap of $451.36 million, a price-to-earnings ratio of 15.89 and a beta of 0.39.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Friday, October 26th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, October 25th. This represents a $0.28 dividend on an annualized basis and a yield of 3.09%. United Community Financial’s payout ratio is 49.12%.

A number of hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in shares of United Community Financial during the second quarter valued at $103,000. Teacher Retirement System of Texas purchased a new position in shares of United Community Financial during the second quarter valued at $111,000. Cubist Systematic Strategies LLC purchased a new position in shares of United Community Financial during the second quarter valued at $123,000. Bank of Montreal Can increased its stake in shares of United Community Financial by 1,215.1% during the third quarter. Bank of Montreal Can now owns 16,847 shares of the savings and loans company’s stock valued at $162,000 after buying an additional 15,566 shares during the period. Finally, Ramsey Quantitative Systems increased its stake in shares of United Community Financial by 76.8% during the third quarter. Ramsey Quantitative Systems now owns 16,886 shares of the savings and loans company’s stock valued at $163,000 after buying an additional 7,335 shares during the period. Institutional investors and hedge funds own 61.31% of the company’s stock.

About United Community Financial

United Community Financial Corp. operates as the holding company for Home Savings Bank that provides consumer and business banking services. The company offers various deposit instruments, including checking accounts, regular savings accounts, money market accounts, individual retirement accounts, and certificates of deposit.

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