Q4 2022 EPS Estimates for Home Point Capital Inc. Reduced by Analyst (NASDAQ:HMPT)

Home Point Capital Inc. (NASDAQ:HMPTGet Rating) – Stock analysts at Wedbush cut their Q4 2022 earnings per share estimates for Home Point Capital in a research report issued to clients and investors on Wednesday, May 18th. Wedbush analyst H. Coffey now anticipates that the company will post earnings per share of $0.03 for the quarter, down from their previous estimate of $0.08. Wedbush also issued estimates for Home Point Capital’s FY2023 earnings at $0.55 EPS.

Home Point Capital (NASDAQ:HMPTGet Rating) last issued its earnings results on Thursday, May 12th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.10. Home Point Capital had a negative return on equity of 11.77% and a net margin of 4.19%. During the same period in the prior year, the business posted $0.51 EPS.

Several other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of Home Point Capital from a “hold” rating to a “sell” rating in a report on Friday, January 21st. Wells Fargo & Company lowered Home Point Capital from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $6.00 to $4.00 in a research report on Friday, February 25th. The Goldman Sachs Group reduced their price target on Home Point Capital from $3.60 to $3.00 and set a “sell” rating for the company in a report on Monday, April 4th. Morgan Stanley dropped their price objective on Home Point Capital from $4.00 to $3.75 and set an “equal weight” rating on the stock in a report on Friday, February 25th. Finally, Bank of America decreased their target price on shares of Home Point Capital from $5.00 to $4.00 and set an “underperform” rating for the company in a research report on Tuesday, February 22nd. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.16.

Home Point Capital stock opened at $3.78 on Friday. Home Point Capital has a twelve month low of $2.47 and a twelve month high of $7.01. The company has a debt-to-equity ratio of 4.68, a quick ratio of 3.07 and a current ratio of 3.07. The firm has a market cap of $522.81 million, a PE ratio of 18.00 and a beta of 0.95. The firm’s 50 day moving average price is $3.18 and its two-hundred day moving average price is $3.82.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley bought a new position in Home Point Capital during the first quarter valued at about $27,000. Royal Bank of Canada increased its position in shares of Home Point Capital by 406.0% during the second quarter. Royal Bank of Canada now owns 4,235 shares of the company’s stock valued at $25,000 after purchasing an additional 3,398 shares during the period. Advisor Group Holdings Inc. acquired a new position in shares of Home Point Capital in the third quarter valued at $39,000. BlackRock Inc. lifted its position in Home Point Capital by 1.6% in the third quarter. BlackRock Inc. now owns 376,874 shares of the company’s stock worth $1,554,000 after purchasing an additional 6,063 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in Home Point Capital during the third quarter worth $69,000. Institutional investors and hedge funds own 94.34% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 7th. Shareholders of record on Tuesday, May 24th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Monday, May 23rd. Home Point Capital’s dividend payout ratio (DPR) is presently 76.19%.

Home Point Capital Company Profile (Get Rating)

Home Point Capital Inc, together with its subsidiaries, operates as a residential mortgage originator and service provider. It operates through two segments, Origination and Servicing. The Origination segment sources loans through direct, wholesale, and correspondent channels. The Servicing segment offers collecting loan payments; remitting principal and interest payments to investors; managing escrow funds for the payment of mortgage-related expenses, such as taxes and insurance; and performing loss mitigation activities on behalf of investors and administering mortgage loans.

See Also

Earnings History and Estimates for Home Point Capital (NASDAQ:HMPT)

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