Analysts expect UWM Holdings Co. (NYSE: UWMC – Get Rating) to announce $ 473.90 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for UWM’s earnings. The highest sales estimate is $ 539.80 million and the lowest is $ 403.90 million. UWM posted sales of $ 484.65 million during the same quarter last year, which suggests a negative year over year growth rate of 2.2%. The company is scheduled to issue its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that UWM will report full-year sales of $ 2.18 billion for the current year, with estimates ranging from $ 2.12 billion to $ 2.29 billion. For the next year, analysts expect that the business will post sales of $ 2.46 billion, with estimates ranging from $ 2.27 billion to $ 2.59 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that provide coverage for UWM.
UWM (NYSE: UWMC – Get Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $ 0.22 EPS for the quarter, topping analysts’ consensus estimates of $ 0.08 by $ 0.14. UWM had a return on equity of 13.31% and a net margin of 2.78%. During the same quarter last year, the firm earned $ 0.71 earnings per share.
UWMC has been the topic of a number of analyst reports. Barclays lowered their price target on UWM from $ 7.00 to $ 5.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 3rd. BTIG Research began coverage on UWM in a report on Wednesday, April 20th. They set a “neutral” rating on the stock. The Goldman Sachs Group cut their price target on UWM from $ 5.25 to $ 4.60 and set a “neutral” rating on the stock in a research note on Monday, April 4th. Zacks Investment Research lowered UWM from a “buy” rating to a “hold” rating in a research note on Friday, March 4th. Finally, UBS Group lowered UWM from a “buy” rating to a “neutral” rating and set a $ 5.00 target price on the stock. in a research note on Wednesday, February 23rd. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $ 7.12.
Hedge funds have recently bought and sold shares of the company. Allegheny Financial Group LTD bought a new position in UWM in the 4th quarter valued at approximately $ 30,000. Captrust Financial Advisors bought a new position in UWM during the 3rd quarter worth approximately $ 32,000. Baker Tilly Wealth Management LLC acquired a new stake in shares of UWM during the 1st quarter worth approximately $ 48,000. WealthPLAN Partners LLC acquired a new stake in shares of UWM during the 4th quarter worth approximately $ 52,000. Finally, SG Americas Securities LLC acquired a new stake in shares of UWM during the 1st quarter worth approximately $ 52,000. 33.06% of the stock is owned by hedge funds and other institutional investors.
UWMC opened at $ 3.79 on Friday. The stock has a market cap of $ 350.69 million, a PE ratio of 6.77 and a beta of 1.05. The company has a current ratio of 1.85, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. UWM has a 1 year low of $ 3.38 and a 1 year high of $ 10.98. The stock’s 50 day simple moving average is $ 4.09 and its 200-day simple moving average is $ 5.23.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 11th. Shareholders of record on Tuesday, June 21st will be paid a dividend of $ 0.10 per share. The ex-dividend date of this dividend is Friday, June 17th. This represents a $ 0.40 dividend on an annualized basis and a yield of 10.55%. UWM’s payout ratio is 71.43%.
UWM Company Profile (Get Rating)
UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company originates 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.
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