UWM (NYSE:UWMC – Get Free Report) is set to release its earnings data before the market opens on Thursday, May 9th. Analysts expect UWM to post earnings of $0.04 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
UWM (NYSE:UWMC – Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.26). UWM had a return on equity of 2.45% and a net margin of 0.79%. The business had revenue of ($114.58) million during the quarter, compared to analyst estimates of $402.14 million. On average, analysts expect UWM to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
UWM Stock Performance
Shares of NYSE UWMC opened at $6.40 on Thursday. The company has a 50 day simple moving average of $6.60 and a two-hundred day simple moving average of $6.32. The stock has a market cap of $607.65 million, a price-to-earnings ratio of -33.68 and a beta of 1.60. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.12. UWM has a 12 month low of $4.49 and a 12 month high of $7.75.
UWM Announces Dividend
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods upgraded UWM from an “underperform” rating to a “market perform” rating and set a $6.00 price objective for the company in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft started coverage on UWM in a research report on Wednesday, January 10th. They set a “hold” rating and a $6.00 price target for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, UWM presently has an average rating of “Hold” and a consensus price target of $5.50.
Get Our Latest Analysis on UWMC
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.
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