UWM (UWMC) to Release Earnings on Thursday

UWM (NYSE:UWMC - Get Free Report) is scheduled to announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

UWM (NYSE:UWMC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $507.09 million during the quarter, compared to analyst estimates of $540.31 million. During the same quarter in the previous year, the company posted $0.11 EPS. On average, analysts expect UWM to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

UWM Trading Down 2.3 %

Shares of NYSE UWMC traded down $0.15 during trading on Friday, hitting $6.29. 3,243,218 shares of the company were exchanged, compared to its average volume of 1,872,727. UWM has a 12-month low of $5.01 and a 12-month high of $9.74. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.48 and a current ratio of 1.48. The company has a fifty day moving average price of $8.06 and a 200-day moving average price of $7.68. The firm has a market capitalization of $601.39 million, a PE ratio of -314.50 and a beta of 1.63.

UWM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 19th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.40 annualized dividend and a dividend yield of 6.36%. UWM's dividend payout ratio is presently -2,000.00%.

Insiders Place Their Bets

In other UWM news, CEO Ishbia Mat sold 1,200,000 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $8.45, for a total transaction of $10,140,000.00. Following the sale, the chief executive officer now directly owns 171,520 shares in the company, valued at $1,449,344. 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 at the SEC website. Insiders own 94.11% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Barclays upgraded shares of UWM from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $6.00 to $8.00 in a report on Tuesday, October 8th. UBS Group boosted their price objective on shares of UWM from $4.50 to $4.75 and gave the company a "sell" rating in a report on Thursday, September 5th. BTIG Research boosted their price objective on shares of UWM from $8.00 to $10.00 and gave the company a "buy" rating in a report on Tuesday, August 6th. Keefe, Bruyette & Woods boosted their price objective on shares of UWM from $7.00 to $8.00 and gave the company a "market perform" rating in a report on Wednesday, August 7th. Finally, Wedbush boosted their price objective on shares of UWM from $7.00 to $8.50 and gave the company a "neutral" rating in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, UWM has a consensus rating of "Hold" and an average price target of $7.68.

About UWM

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.