UWM (UWMC) Set to Announce Earnings on Thursday

UWM (NYSE:UWMC) is scheduled to issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

UWM (NYSE:UWMC) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The company had revenue of $507.09 million for the quarter, compared to analysts’ expectations of $540.31 million. During the same period in the prior year, the company posted $0.11 EPS. On average, analysts expect UWM to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

UWM Trading Up 2.9 %

NYSE UWMC opened at $6.57 on Wednesday. The firm’s fifty day moving average is $8.00 and its two-hundred day moving average is $7.70. UWM has a one year low of $5.01 and a one year high of $9.74. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market cap of $627.68 million, a PE ratio of -328.25 and a beta of 1.67.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on UWMC shares. UBS Group boosted their price target on UWM from $4.50 to $4.75 and gave the company a “sell” rating in a research report on Thursday, September 5th. BTIG Research lifted their target price on UWM from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Keefe, Bruyette & Woods upped their price target on UWM from $7.00 to $8.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 7th. Wedbush lifted their price objective on shares of UWM from $7.00 to $8.50 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Finally, Morgan Stanley started coverage on shares of UWM in a research note on Tuesday. They issued an “equal weight” rating and a $7.50 price objective on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $7.66.

Insider Buying and Selling

In other UWM news, CEO Ishbia Mat sold 1,200,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $8.45, for a total transaction of $10,140,000.00. Following the sale, the chief executive officer now directly owns 171,520 shares in the company, valued at approximately $1,449,344. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 94.11% of the stock is currently owned by corporate insiders.

UWM Company Profile

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.