Home Point Capital (HMPT) to Release Quarterly Earnings on Thursday

Home Point Capital (NASDAQ:HMPTGet Rating) will be issuing its quarterly earnings data before the market opens on Thursday, August 11th. Analysts expect the company to announce earnings of ($0.10) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Home Point Capital (NASDAQ:HMPTGet Rating) last announced its quarterly earnings results on Thursday, May 12th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.26). The firm had revenue of $158.20 million during the quarter, compared to analyst estimates of $135.35 million. Home Point Capital had a net margin of 4.19% and a negative return on equity of 11.77%. During the same quarter in the prior year, the business earned $0.51 earnings per share. On average, analysts expect Home Point Capital to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Home Point Capital Stock Performance

Shares of NASDAQ:HMPT opened at $3.64 on Thursday. The company has a debt-to-equity ratio of 4.68, a current ratio of 3.07 and a quick ratio of 3.07. The company has a market capitalization of $503.46 million, a price-to-earnings ratio of 17.33 and a beta of 0.42. The firm’s 50 day simple moving average is $3.85 and its 200 day simple moving average is $3.62. Home Point Capital has a fifty-two week low of $2.47 and a fifty-two week high of $6.08.

Home Point Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 7th. Shareholders of record on Tuesday, May 24th were issued a dividend of $0.04 per share. The ex-dividend date was Monday, May 23rd. This represents a $0.16 annualized dividend and a yield of 4.40%. Home Point Capital’s dividend payout ratio (DPR) is currently 76.19%.

Hedge Funds Weigh In On Home Point Capital

An institutional investor recently bought a new position in Home Point Capital stock. Zebra Capital Management LLC acquired a new position in shares of Home Point Capital Inc. (NASDAQ:HMPTGet Rating) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,999 shares of the company’s stock, valued at approximately $37,000. Institutional investors own 94.34% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on HMPT. JMP Securities downgraded shares of Home Point Capital from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 13th. Credit Suisse Group lowered their price objective on shares of Home Point Capital to $4.50 and set a “neutral” rating on the stock in a report on Thursday, May 19th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $4.89.

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.

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Earnings History for Home Point Capital (NASDAQ:HMPT)

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