loanDepot (LDI) Scheduled to Post Earnings on Tuesday

loanDepot (NYSE:LDI - Get Free Report) is set to announce its earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

loanDepot (NYSE:LDI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.03. loanDepot had a negative net margin of 11.22% and a negative return on equity of 18.22%. The firm had revenue of $265.39 million for the quarter, compared to analyst estimates of $267.66 million. On average, analysts expect loanDepot to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

loanDepot Price Performance

Shares of NYSE:LDI remained flat at $2.17 on Tuesday. The stock had a trading volume of 289,606 shares, compared to its average volume of 565,161. The stock has a market cap of $705.58 million, a PE ratio of -3.53 and a beta of 3.43. The company has a debt-to-equity ratio of 4.69, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a fifty day simple moving average of $2.52 and a 200 day simple moving average of $2.22. loanDepot has a one year low of $1.14 and a one year high of $3.71.

Wall Street Analysts Forecast Growth

A number of analysts have commented on LDI shares. UBS Group upped their price objective on shares of loanDepot from $2.30 to $2.50 and gave the company a "neutral" rating in a research note on Thursday, September 5th. The Goldman Sachs Group boosted their price target on shares of loanDepot from $1.50 to $1.70 and gave the company a "sell" rating in a report on Thursday, August 8th.

Insider Buying and Selling

In other loanDepot news, Director Anthony Li Hsieh sold 10,141 shares of the company's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $2.57, for a total transaction of $26,062.37. Following the completion of the sale, the director now owns 1,865,727 shares of the company's stock, valued at $4,794,918.39. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Jeff Alexander Walsh sold 36,811 shares of the business's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $2.66, for a total transaction of $97,917.26. Following the completion of the transaction, the insider now owns 4,035,317 shares of the company's stock, valued at approximately $10,733,943.22. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anthony Li Hsieh sold 10,141 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $2.57, for a total value of $26,062.37. Following the completion of the sale, the director now directly owns 1,865,727 shares in the company, valued at $4,794,918.39. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,496,031 shares of company stock worth $6,576,802. Corporate insiders own 83.04% of the company's stock.

About loanDepot

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.