loanDepot (NYSE:LDI - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.24), Zacks reports. The firm had revenue of $257.46 million for the quarter, compared to the consensus estimate of $310.08 million. loanDepot had a negative return on equity of 14.66% and a negative net margin of 8.95%.
loanDepot Stock Performance
Shares of LDI traded down $0.16 during mid-day trading on Wednesday, hitting $1.46. The company's stock had a trading volume of 6,973,228 shares, compared to its average volume of 703,078. The stock's 50-day moving average is $1.69 and its two-hundred day moving average is $2.13. The firm has a market capitalization of $475.79 million, a PE ratio of -2.80, a price-to-earnings-growth ratio of 0.25 and a beta of 3.36. The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.16 and a current ratio of 1.16. loanDepot has a one year low of $1.27 and a one year high of $3.23.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group upped their price target on shares of loanDepot from $1.70 to $2.70 and gave the company a "sell" rating in a report on Thursday, November 14th.
Get Our Latest Analysis on LDI
Insider Buying and Selling
In related news, Director Anthony Li Hsieh sold 444,618 shares of loanDepot stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $2.11, for a total transaction of $938,143.98. Following the sale, the director now directly owns 2,479,960 shares of the company's stock, valued at $5,232,715.60. This trade represents a 15.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 83.04% of the stock is currently owned by insiders.
loanDepot Company Profile
(
Get Free Report)
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.
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