Q2 2022 EPS Estimates for Guild Holdings Decreased by Analyst (NYSE:GHLD)

Guild Holdings (NYSE:GHLDGet Rating) – Investment analysts at Wedbush decreased their Q2 2022 earnings estimates for shares of Guild in a research note issued to investors on Monday, May 9th. Wedbush analyst H. Coffey now anticipates that the company will post earnings per share of $0.19 for the quarter, down from their previous forecast of $0.55. Wedbush also issued estimates for Guild’s Q3 2022 earnings at $0.42 EPS, Q4 2022 earnings at $0.46 EPS, FY2022 earnings at $1.60 EPS and FY2023 earnings at $2.55 EPS.

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

GHLD stock opened at $8.40 on Wednesday. Guild has a twelve month low of $8.13 and a twelve month high of $16.61. The company’s 50 day moving average is $10.16 and its two-hundred day moving average is $12.50. The stock has a market cap of $512.88 million, a P/E ratio of 1.56 and a beta of 0.51.

Guild (NYSE:GHLDGet Rating) last issued its earnings results on Friday, May 6th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.17. During the same quarter last year, the firm posted $1.77 earnings per share.

A number of large investors have recently bought and sold shares of GHLD. Schonfeld Strategic Advisors LLC grew its position in Guild by 67.6% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 826,643 shares of the company’s stock valued at $11,375,000 after buying an additional 333,505 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Guild during the 4th quarter worth $314,000. Morgan Stanley purchased a new stake in shares of Guild during the 1st quarter worth $138,000. Finally, BlackRock Inc. boosted its position in shares of Guild by 298.1% during the 4th quarter. BlackRock Inc. now owns 8,220 shares of the company’s stock worth $115,000 after purchasing an additional 6,155 shares in the last quarter. Hedge funds and other institutional investors own 9.29% of the company’s stock.

Guild Company Profile (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.

See Also

Receive News & Ratings for Guild Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guild and related companies with MarketBeat.com's FREE daily email newsletter.