UWM (NYSE:UWMC – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06), reports. The business had revenue of $560.21 million for the quarter, compared to analyst estimates of $645.75 million.
UWM Price Performance
Shares of NYSE UWMC traded down $0.14 during mid-day trading on Thursday, reaching $6.07. The company’s stock had a trading volume of 2,719,605 shares, compared to its average volume of 3,355,642. The firm has a market capitalization of $9.69 billion, a PE ratio of -26.37 and a beta of 1.66. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a fifty day moving average of $6.06 and a two-hundred day moving average of $7.01. UWM has a 52 week low of $5.31 and a 52 week high of $9.74.
Wall Street Analysts Forecast Growth
UWMC has been the subject of several recent research reports. Keefe, Bruyette & Woods lowered their price target on shares of UWM from $7.00 to $6.50 and set a “market perform” rating for the company in a research note on Friday, January 3rd. Morgan Stanley lowered their price objective on UWM from $7.50 to $6.50 and set an “equal weight” rating for the company in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group decreased their price target on UWM from $8.50 to $7.50 and set a “neutral” rating for the company in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, UWM has an average rating of “Hold” and an average price target of $7.39.
UWM Company Profile
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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