Q4 2023 Earnings Forecast for Guild Holdings Issued By Jefferies Financial Group (NYSE:GHLD)

Guild Holdings (NYSE:GHLD – Get Rating) – Stock analysts at Jefferies Financial Group decreased their Q4 2023 earnings per share (EPS) estimates for Guild in a note issued to investors on Friday, March 10th. Jefferies Financial Group analyst K. Joseph now forecasts that the company will post earnings per share of $0.40 for the quarter, down from their previous forecast of $0.54. The consensus estimate for Guild’s current full-year earnings is $1.30 per share. Jefferies Financial Group also issued estimates for Guild’s Q1 2024 earnings at $0.38 EPS, Q2 2024 earnings at $0.39 EPS, Q3 2024 earnings at $0.43 EPS, Q4 2024 earnings at $0.43 EPS and FY2024 earnings at $1.62 EPS.

A number of other brokerages have also commented on GHLD. TheStreet raised Guild from a “d+” rating to a “c-” rating in a report on Monday, November 28th. JPMorgan Chase & Co. raised their price target on Guild from $11.50 to $12.50 in a report on Tuesday, January 10th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.88.

Guild Price Performance

Shares of GHLD opened at $11.08 on Monday. The firm has a market capitalization of $676.66 million, a price-to-earnings ratio of 2.07 and a beta of 0.98. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.20 and a current ratio of 0.20. Guild has a one year low of $7.18 and a one year high of $12.91. The stock’s fifty day moving average is $11.37 and its 200-day moving average is $10.64.

Hedge Funds Weigh In On Guild

Institutional investors have recently bought and sold shares of the stock. Lazard Asset Management LLC purchased a new position in Guild during the 4th quarter valued at about $29,000. Millennium Management LLC lifted its holdings in shares of Guild by 17.5% during the 4th quarter. Millennium Management LLC now owns 13,662 shares of the company’s stock valued at $138,000 after buying an additional 2,032 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Guild by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 100,866 shares of the company’s stock worth $1,017,000 after purchasing an additional 2,557 shares during the last quarter. Algebris UK Ltd lifted its holdings in Guild by 10.2% in the 4th quarter. Algebris UK Ltd now owns 165,582 shares of the company’s stock worth $1,663,000 after purchasing an additional 15,369 shares during the last quarter. Finally, Donald Smith & CO. Inc. acquired a new stake in Guild in the 4th quarter worth approximately $1,196,000. Hedge funds and other institutional investors own 7.63% 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.