UWM (NYSE:UWMC) Issues Quarterly Earnings Results

UWM (NYSE:UWMC) issued its earnings results on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06), reports. The business had revenue of $560.21 million for the quarter, compared to the consensus estimate of $645.75 million.

UWM Trading Up 1.9 %

NYSE:UWMC opened at $6.20 on Friday. The company’s 50 day moving average is $6.06 and its 200-day moving average is $7.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06. UWM has a 12 month low of $5.31 and a 12 month high of $9.74. The firm has a market cap of $9.90 billion, a price-to-earnings ratio of -27.10 and a beta of 1.66.

UWM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, March 20th. This represents a $0.40 dividend on an annualized basis and a yield of 6.46%. UWM’s payout ratio is currently -173.91%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. The Goldman Sachs Group reduced their price objective on UWM from $8.50 to $7.50 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Keefe, Bruyette & Woods reduced their price target on UWM from $7.00 to $6.50 and set a “market perform” rating for the company in a report on Friday, January 3rd. Finally, Morgan Stanley dropped their price objective on UWM from $7.50 to $6.50 and set an “equal weight” rating on the stock in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus 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.