UWM (UWMC) to Release Quarterly Earnings on Thursday

UWM (NYSE:UWMC) will issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

UWM (NYSE:UWMC) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.26). UWM had a net margin of 0.79% and a return on equity of 2.45%. The firm had revenue of ($114.58) million for the quarter, compared to analyst estimates of $402.14 million. On average, analysts expect UWM to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

UWM Trading Up 0.7 %

NYSE UWMC opened at $7.13 on Wednesday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.12. UWM has a twelve month low of $4.49 and a twelve month high of $7.75. The company has a market cap of $676.99 million, a price-to-earnings ratio of -37.53 and a beta of 1.62. The business’s fifty day moving average is $6.61 and its 200 day moving average is $6.36.

UWM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Wednesday, March 20th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 5.61%. The ex-dividend date of this dividend was Tuesday, March 19th. UWM’s payout ratio is presently -210.53%.

Wall Street Analyst Weigh In

Several brokerages have commented on UWMC. Deutsche Bank Aktiengesellschaft began coverage on UWM in a report on Wednesday, January 10th. They set a “hold” rating and a $6.00 target price on the stock. Keefe, Bruyette & Woods raised UWM from an “underperform” rating to a “market perform” rating and set a $6.00 price objective on the stock in a research note on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $5.50.

About UWM

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.