UWM (NYSE:UWMC - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06), reports. The company had revenue of $560.21 million for the quarter, compared to analysts' expectations of $645.75 million.
UWM Price Performance
UWMC stock traded up $0.30 on Monday, hitting $6.58. 5,539,839 shares of the company's stock traded hands, compared to its average volume of 3,503,896. The stock has a market cap of $10.52 billion, a price-to-earnings ratio of -28.61 and a beta of 1.66. UWM has a 1-year low of $5.31 and a 1-year high of $9.74. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.06. The stock has a fifty day moving average of $6.07 and a 200-day moving average of $6.96.
UWM Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be paid a $0.10 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.40 annualized dividend and a dividend yield of 6.08%. UWM's dividend payout ratio is currently 500.00%.
Analyst Ratings Changes
Several brokerages have commented on UWMC. The Goldman Sachs Group dropped their price target on shares of UWM from $8.50 to $7.50 and set a "neutral" rating on the stock in a research note on Thursday, November 14th. Keefe, Bruyette & Woods raised shares of UWM from a "market perform" rating to an "outperform" rating and raised their target price for the company from $6.50 to $7.50 in a research note on Monday. Wedbush reaffirmed a "neutral" rating and issued a $6.50 price target on shares of UWM in a research note on Monday. Finally, Morgan Stanley lowered their price objective on shares of UWM from $7.50 to $6.50 and set an "equal weight" rating on the stock in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $7.25.
Check Out Our Latest Analysis on UWMC
About UWM
(
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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.
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