loanDepot (LDI) Projected to Post Earnings on Tuesday

loanDepot (NYSE:LDI) is projected to post its quarterly earnings results after the market closes on Tuesday, March 11th. Analysts expect loanDepot to post earnings of ($0.02) per share and revenue of $310.08 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

loanDepot Stock Performance

NYSE:LDI opened at $1.66 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.76. The company has a market cap of $541.19 million, a P/E ratio of -3.18, a P/E/G ratio of 0.25 and a beta of 3.37. loanDepot has a fifty-two week low of $1.52 and a fifty-two week high of $3.23. The firm’s 50 day moving average is $1.73 and its two-hundred day moving average is $2.18.

Insiders Place Their Bets

In other news, Director Anthony Li Hsieh sold 444,618 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $2.11, for a total value of $938,143.98. Following the transaction, the director now owns 2,479,960 shares of the company’s stock, valued at approximately $5,232,715.60. This trade represents a 15.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 678,329 shares of company stock valued at $1,438,951 over the last quarter. Company insiders own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group increased their price target on shares of loanDepot from $1.70 to $2.70 and gave the stock a “sell” rating in a research note on Thursday, November 14th.

About loanDepot

loanDepot, Inc engages in originating, financing, selling, and servicing residential mortgage loans in the United States. The company offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. It also provides settlement services, which include captive title and escrow business; real estate services that cover captive real estate referral business; and insurance services, including services to homeowners, as well as other consumer insurance policies.