Brokerages Anticipate Guild Holdings (NYSE:GHLD) Will Post Earnings of $0.44 Per Share

Brokerages expect that Guild Holdings (NYSE:GHLD – Get Rating) will announce earnings of $0.44 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Guild’s earnings. The highest EPS estimate is $0.57 and the lowest is $0.30. Guild posted earnings of $1.77 per share during the same quarter last year, which would indicate a negative year over year growth rate of 75.1%. The company is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Guild will report full year earnings of $2.13 per share for the current year, with EPS estimates ranging from $1.49 to $2.64. For the next year, analysts expect that the business will post earnings of $2.94 per share, with EPS estimates ranging from $2.52 to $3.30. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Guild.

Guild (NYSE:GHLD – Get Rating) last announced its earnings results on Thursday, March 10th. The company reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.27). The business had revenue of $343.06 million for the quarter, compared to analyst estimates of $367.99 million. During the same period in the prior year, the company posted $1.48 earnings per share.

Several brokerages have weighed in on GHLD. JMP Securities lowered their price target on shares of Guild from $19.00 to $16.00 and set a “market outperform” rating on the stock in a report on Wednesday, March 16th. JPMorgan Chase & Co. cut their target price on Guild from $16.50 to $15.50 in a research report on Wednesday, January 19th. Wells Fargo & Company cut Guild from an “overweight” rating to an “equal weight” rating and set a $11.00 price target on the stock. in a report on Monday, March 28th. Finally, Zacks Investment Research cut shares of Guild from a “buy” rating to a “hold” rating in a research report on Friday, March 11th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Guild currently has a consensus rating of “Buy” and an average target price of $15.50.

GHLD stock opened at $9.33 on Friday. The business’s 50-day moving average price is $10.95 and its 200-day moving average price is $12.91. The stock has a market cap of $569.66 million, a P/E ratio of 1.99 and a beta of 0.20. Guild has a twelve month low of $9.11 and a twelve month high of $16.61.

Several institutional investors have recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC boosted its holdings in shares of Guild by 9.4% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 904,162 shares of the company’s stock worth $12,685,000 after purchasing an additional 77,519 shares during the period. Renaissance Technologies LLC purchased a new position in Guild during the 4th quarter valued at $314,000. Morgan Stanley bought a new position in Guild in the 1st quarter valued at $138,000. Finally, BlackRock Inc. boosted its stake in shares of Guild by 298.1% during the fourth quarter. BlackRock Inc. now owns 8,220 shares of the company’s stock valued at $115,000 after purchasing an additional 6,155 shares during the period. Hedge funds and other institutional investors own 9.18% of the company’s stock.

About Guild (Get Rating)

Guild Holdings Company, a mortgage company, originates, sells, and services residential mortgage loans in the United States. The company operates approximately 260 branches with licenses in 49 states. It originates residential mortgages through retail and correspondent channels. The company was incorporated in 1960 and is headquartered in San Diego, California.

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