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.
View Our Latest Analysis on loanDepot
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
(
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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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