loanDepot (LDI) Set to Announce Quarterly Earnings on Tuesday

loanDepot (NYSE:LDI) will be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.06) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

loanDepot (NYSE:LDI) last announced its quarterly earnings data on Tuesday, March 12th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.11). The firm had revenue of $228.63 million for the quarter, compared to the consensus estimate of $239.40 million. loanDepot had a negative net margin of 11.31% and a negative return on equity of 20.63%. On average, analysts expect loanDepot to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

loanDepot Stock Performance

NYSE:LDI opened at $2.32 on Friday. The company has a market capitalization of $749.57 million, a price-to-earnings ratio of -3.68 and a beta of 3.13. The business has a 50 day moving average of $2.45 and a 200 day moving average of $2.38. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.23 and a quick ratio of 1.23. loanDepot has a 1-year low of $1.14 and a 1-year high of $3.71.

Insider Activity

In other news, Director Dan Binowitz sold 13,900 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $2.34, for a total value of $32,526.00. Following the completion of the sale, the director now owns 783,251 shares of the company’s stock, valued at approximately $1,832,807.34. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Dan Binowitz sold 13,900 shares of loanDepot stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $2.34, for a total value of $32,526.00. Following the transaction, the director now directly owns 783,251 shares of the company’s stock, valued at $1,832,807.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeff Alexander Walsh sold 39,284 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $2.63, for a total transaction of $103,316.92. Following the sale, the insider now directly owns 3,954,678 shares of the company’s stock, valued at approximately $10,400,803.14. The disclosure for this sale can be found here. Insiders own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered their price objective on shares of loanDepot from $3.00 to $2.50 and set a “sell” rating for the company in a report on Wednesday, March 13th.

About loanDepot

loanDepot, Inc engages in originating, financing, selling, and servicing residential mortgage loans in the United States. The company offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. It also provides settlement services, which include captive title and escrow business; real estate services that cover captive real estate referral business; and insurance services, including services to homeowners, as well as other consumer insurance policies.