UWM (UWMC) Projected to Post Earnings on Wednesday

UWM (NYSE:UWMC - Get Free Report) is anticipated to post its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect UWM to post earnings of $0.07 per share and revenue of $645.75 million for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

UWM Stock Down 2.5 %

Shares of NYSE:UWMC traded down $0.17 during trading on Friday, reaching $6.47. 3,143,920 shares of the company traded hands, compared to its average volume of 3,249,954. The firm has a fifty day simple moving average of $6.02 and a 200 day simple moving average of $7.07. The firm has a market cap of $10.33 billion, a P/E ratio of -28.11 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 quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group decreased their target price on shares of UWM from $8.50 to $7.50 and set a "neutral" rating for the company in a research note on Thursday, November 14th. Morgan Stanley decreased their target price on shares of UWM from $7.50 to $6.50 and set an "equal weight" rating for the company in a research note on Thursday, December 19th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of UWM from $7.00 to $6.50 and set a "market perform" rating for the company in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, UWM currently has an average rating of "Hold" and an average price target of $7.39.

UWM Company Profile

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.