Wedbush Analysts Decrease Earnings Estimates for UWM Holdings Co. (NYSE:UWMC)

UWM Holdings Co. (NYSE:UWMCFree Report) – Analysts at Wedbush dropped their FY2025 earnings per share (EPS) estimates for shares of UWM in a research note issued to investors on Monday, July 8th. Wedbush analyst J. Mccanless now forecasts that the company will post earnings per share of $0.35 for the year, down from their previous forecast of $0.40. Wedbush currently has a “Neutral” rating and a $7.00 price target on the stock. The consensus estimate for UWM’s current full-year earnings is $0.29 per share.

Several other equities analysts also recently issued reports on the company. Barclays lifted their price objective on UWM from $5.00 to $6.00 and gave the company an “underweight” rating in a research report on Tuesday. Keefe, Bruyette & Woods restated a “market perform” rating and set a $7.00 target price (up previously from $6.00) on shares of UWM in a research report on Friday, May 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $5.94.

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UWM Price Performance

UWM stock opened at $7.09 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.58 and a quick ratio of 1.58. The company has a market capitalization of $677.66 million, a PE ratio of 236.33 and a beta of 1.64. UWM has a one year low of $4.49 and a one year high of $7.78. The business has a 50 day simple moving average of $7.14 and a 200 day simple moving average of $6.84.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in UWM by 0.3% during the third quarter. Vanguard Group Inc. now owns 8,842,460 shares of the company’s stock worth $42,886,000 after acquiring an additional 28,071 shares in the last quarter. Wedmont Private Capital bought a new stake in UWM during the fourth quarter worth about $104,000. SG Americas Securities LLC bought a new stake in UWM during the fourth quarter worth about $129,000. HB Wealth Management LLC bought a new stake in UWM during the fourth quarter worth about $75,000. Finally, Global Retirement Partners LLC bought a new stake in UWM during the fourth quarter worth about $107,000. 53.59% of the stock is owned by institutional investors and hedge funds.

UWM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 20th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, June 20th. This represents a $0.40 annualized dividend and a dividend yield of 5.64%. UWM’s dividend payout ratio is currently 1,333.33%.

About UWM

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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.

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Earnings History and Estimates for UWM (NYSE:UWMC)

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