UWM (UWMC) to Release Quarterly Earnings on Thursday

UWM (NYSE:UWMC) will be issuing its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

UWM (NYSE:UWMC) last released its earnings results on Wednesday, February 28th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.26). The firm had revenue of ($114.58) million during the quarter, compared to analysts’ expectations of $402.14 million. UWM had a return on equity of 2.45% and a net margin of 0.79%. On average, analysts expect UWM to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

UWM Trading Up 0.7 %

UWM stock opened at $7.13 on Wednesday. The firm has a 50 day moving average of $6.61 and a 200 day moving average of $6.36. The firm has a market capitalization of $676.99 million, a price-to-earnings ratio of -37.53 and a beta of 1.62. UWM has a 12-month low of $4.49 and a 12-month high of $7.75. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Wednesday, March 20th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 5.61%. The ex-dividend date was Tuesday, March 19th. UWM’s dividend payout ratio is -210.53%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on UWMC shares. Deutsche Bank Aktiengesellschaft started coverage on shares of UWM in a report on Wednesday, January 10th. They issued a “hold” rating and a $6.00 target price for the company. Keefe, Bruyette & Woods upgraded UWM from an “underperform” rating to a “market perform” rating and set a $6.00 price target for the company in a research note on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, UWM currently has a consensus rating of “Hold” and an average target price of $5.50.

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.