IMPAC Mortgage Holdings, Inc (IMH) Scheduled to Post Earnings on Tuesday
IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) will post its quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect IMPAC Mortgage Holdings to post earnings of $0.14 per share for the quarter.
IMPAC Mortgage Holdings (NYSEMKT:IMH) last announced its quarterly earnings data on Tuesday, August 8th. The financial services provider reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.97). The firm had revenue of $39.63 million during the quarter. IMPAC Mortgage Holdings had a net margin of 16.25% and a return on equity of 9.53%. On average, analysts expect IMPAC Mortgage Holdings to post $1.00 EPS for the current fiscal year and $3.25 EPS for the next fiscal year.
Shares of IMPAC Mortgage Holdings, Inc (NYSEMKT IMH) traded down 0.59% during mid-day trading on Tuesday, hitting $13.55. The stock had a trading volume of 9,955 shares. IMPAC Mortgage Holdings, Inc has a 12-month low of $12.04 and a 12-month high of $17.40. The firm’s 50-day moving average price is $13.07 and its 200 day moving average price is $14.37. The stock has a market cap of $283.13 million, a price-to-earnings ratio of 5.17 and a beta of 0.91.
Several research firms have recently commented on IMH. BidaskClub raised IMPAC Mortgage Holdings from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. JMP Securities lowered their target price on IMPAC Mortgage Holdings from $20.00 to $18.00 and set an “outperform” rating for the company in a research note on Friday, August 25th.
In related news, major shareholder Richard H/ Pickup purchased 494,004 shares of IMPAC Mortgage Holdings stock in a transaction dated Monday, October 16th. The shares were acquired at an average cost of $12.25 per share, for a total transaction of $6,051,549.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
A hedge fund recently raised its stake in IMPAC Mortgage Holdings stock. State Street Corp lifted its stake in IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) by 15.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 136,890 shares of the financial services provider’s stock after purchasing an additional 18,349 shares during the period. State Street Corp owned 0.66% of IMPAC Mortgage Holdings worth $2,071,000 at the end of the most recent quarter.
About IMPAC Mortgage Holdings
Impac Mortgage Holdings, Inc is an independent residential mortgage lender. The Company operates through three segments: Mortgage Lending, Real Estate Services and Long-Term Mortgage Portfolio. It originates, sells and services conventional, conforming agency and Government insured residential mortgage loans.
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