UWM (UWMC) Scheduled to Post Earnings on Thursday

UWM (NYSE:UWMC) is set 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.

UWM (NYSE:UWMC) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The business had revenue of $507.09 million for the quarter, compared to analyst estimates of $540.31 million. During the same period last year, the business 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 Stock Up 0.8 %

Shares of NYSE UWMC opened at $6.49 on Friday. The business’s fifty day simple moving average is $8.12 and its 200-day simple moving average is $7.67. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.87. UWM has a 12-month low of $5.01 and a 12-month high of $9.74. The stock has a market cap of $620.51 million, a P/E ratio of -324.50 and a beta of 1.63.

UWM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 19th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.16%. UWM’s payout ratio is -2,000.00%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. BTIG Research upped their price target on shares of UWM from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Wedbush boosted their price objective on shares of UWM from $7.00 to $8.50 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods increased their target price on shares of UWM from $7.00 to $8.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. UBS Group upped their price target on UWM from $4.50 to $4.75 and gave the stock a “sell” rating in a report on Thursday, September 5th. Finally, Barclays upgraded shares of UWM from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $6.00 to $8.00 in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, UWM presently has a consensus rating of “Hold” and a consensus price target of $7.68.

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.