UWM Holdings Co. (NYSE:UWMC – Get Rating) – Stock analysts at Wedbush dropped their Q2 2022 earnings per share estimates for shares of UWM in a research report issued to clients and investors on Tuesday, May 17th. Wedbush analyst H. Coffey now forecasts that the company will post earnings per share of $0.03 for the quarter, down from their previous estimate of $0.10. Wedbush currently has a “Neutral” rating and a $5.00 target price on the stock. Wedbush also issued estimates for UWM’s FY2023 earnings at $0.50 EPS.
UWMC has been the subject of several other reports. BTIG Research began coverage on UWM in a research note on Wednesday, April 20th. They issued a “neutral” rating for the company. Zacks Investment Research cut UWM from a “buy” rating to a “hold” rating in a report on Friday, March 4th. The Goldman Sachs Group decreased their price target on shares of UWM from $5.25 to $4.60 and set a “neutral” rating for the company in a research note on Monday, April 4th. UBS Group cut shares of UWM from a “buy” rating to a “neutral” rating and set a $5.00 price objective for the company. in a report on Wednesday, February 23rd. Finally, Barclays dropped their price target on shares of UWM from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 3rd. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $6.85.
Shares of NYSE UWMC opened at $4.05 on Wednesday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.64. The firm has a market cap of $374.75 million, a PE ratio of 7.23 and a beta of 1.05. The company’s fifty day simple moving average is $4.07 and its 200 day simple moving average is $5.20. UWM has a 12-month low of $3.38 and a 12-month high of $10.98.
UWM (NYSE:UWMC – Get Rating) last issued its earnings results on Tuesday, May 10th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.14. UWM had a return on equity of 13.31% and a net margin of 2.78%. During the same period in the prior year, the company earned $0.71 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 11th. Shareholders of record on Tuesday, June 21st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 9.88%. The ex-dividend date of this dividend is Friday, June 17th. UWM’s dividend payout ratio (DPR) is 71.43%.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Walleye Capital LLC bought a new position in UWM in the 1st quarter worth approximately $202,000. Royal Bank of Canada boosted its stake in UWM by 175.1% in the 1st quarter. Royal Bank of Canada now owns 21,368 shares of the company’s stock worth $97,000 after purchasing an additional 13,601 shares during the period. Diameter Capital Partners LP bought a new stake in shares of UWM during the first quarter valued at about $36,053,000. Goldman Sachs Group Inc. lifted its holdings in shares of UWM by 0.6% in the first quarter. Goldman Sachs Group Inc. now owns 671,784 shares of the company’s stock worth $3,043,000 after buying an additional 3,728 shares in the last quarter. Finally, State Street Corp boosted its position in shares of UWM by 46.6% in the first quarter. State Street Corp now owns 1,755,053 shares of the company’s stock valued at $8,123,000 after acquiring an additional 558,245 shares during the period. 33.06% of the stock is owned by institutional investors.
UWM Company Profile (Get Rating)
UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company originates 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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