$346.25 Million in Sales Expected for Guild Holdings (NYSE:GHLD) This Quarter

Wall Street analysts expect Guild Holdings (NYSE:GHLD) to announce sales of $346.25 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Guild’s earnings. The lowest sales estimate is $316.49 million and the highest is $376.00 million. Guild posted sales of $454.21 million in the same quarter last year, which suggests a negative year-over-year growth rate of 23.8%. The business is scheduled to report its next earnings report on Monday, March 28th.

According to Zacks, analysts expect that Guild will report full year sales of $1.58 billion for the current financial year, with estimates ranging from $1.55 billion to $1.61 billion. For the next year, analysts forecast that the company will report sales of $1.48 billion, with estimates ranging from $1.41 billion to $1.54 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Guild.

Guild (NYSE:GHLD) last announced its quarterly earnings results on Wednesday, November 10th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $0.53 by $0.74. The company had revenue of $412.96 million for the quarter, compared to analyst estimates of $330.49 million. During the same quarter last year, the business earned ($999.00) EPS.

A number of brokerages have issued reports on GHLD. JPMorgan Chase & Co. upgraded Guild from a “neutral” rating to an “overweight” rating and set a $16.50 target price on the stock in a report on Thursday, November 11th. Zacks Investment Research cut Guild from a “strong-buy” rating to a “hold” rating in a report on Tuesday.

A number of large investors have recently made changes to their positions in GHLD. BlackRock Inc. purchased a new stake in shares of Guild in the 3rd quarter worth approximately $28,000. Morgan Stanley increased its stake in shares of Guild by 304.9% in the 3rd quarter. Morgan Stanley now owns 3,644 shares of the company’s stock worth $50,000 after purchasing an additional 2,744 shares in the last quarter. State Street Corp purchased a new stake in Guild in the 2nd quarter worth $208,000. Geode Capital Management LLC grew its position in shares of Guild by 1.8% during the second quarter. Geode Capital Management LLC now owns 43,341 shares of the company’s stock valued at $664,000 after purchasing an additional 783 shares in the last quarter. Finally, Algebris UK Ltd purchased a new position in shares of Guild during the second quarter valued at about $2,027,000. Institutional investors own 7.67% of the company’s stock.

Shares of NYSE GHLD opened at $13.98 on Wednesday. Guild has a 52-week low of $12.25 and a 52-week high of $17.93. The stock has a market cap of $853.62 million, a PE ratio of 2.65 and a beta of -0.19. The business has a fifty day moving average of $14.45 and a two-hundred day moving average of $14.62.

The firm also recently declared a None dividend, which was paid on Wednesday, December 8th. Investors of record on Monday, November 22nd were issued a dividend of $2.00 per share. The ex-dividend date was Friday, November 19th.

Guild Company Profile

Guild Holdings Company, a mortgage company, originates, sells, and services residential mortgage loans in the United States. The company operates approximately 200 branches with licenses in 48 states. It originates residential mortgages through retail and correspondent channels. The company was founded in 1960 and is based in San Diego, California.

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