loanDepot (LDI) to Release Quarterly Earnings on Tuesday

loanDepot (NYSE:LDI) will issue its quarterly earnings data after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

loanDepot (NYSE:LDI) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.03. The company had revenue of $265.39 million for the quarter, compared to analysts’ expectations of $267.66 million. loanDepot had a negative net margin of 11.22% and a negative return on equity of 18.22%. 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 $2.07 on Monday. The company has a market capitalization of $673.06 million, a price-to-earnings ratio of -3.34 and a beta of 3.46. loanDepot has a twelve month low of $1.25 and a twelve month high of $3.71. The stock has a fifty day simple moving average of $2.46 and a 200 day simple moving average of $2.21. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 4.69.

Wall Street Analysts Forecast Growth

LDI has been the subject of a number of analyst reports. UBS Group raised their price objective on loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. The Goldman Sachs Group raised their price target on shares of loanDepot from $1.50 to $1.70 and gave the stock a “sell” rating in a report on Thursday, August 8th.

Insider Activity

In related news, Director Anthony Li Hsieh sold 267,972 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $2.74, for a total transaction of $734,243.28. Following the completion of the sale, the director now owns 3,242,985 shares of the company’s stock, valued at $8,885,778.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other loanDepot news, Director Anthony Li Hsieh sold 267,972 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $2.74, for a total value of $734,243.28. Following the transaction, the director now directly owns 3,242,985 shares of the company’s stock, valued at approximately $8,885,778.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeff Alexander Walsh sold 36,811 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $2.66, for a total transaction of $97,917.26. Following the sale, the insider now directly owns 4,035,317 shares of the company’s stock, valued at approximately $10,733,943.22. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,751,459 shares of company stock valued at $7,115,755 in the last ninety days. 83.04% of the stock is owned by company insiders.

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.