UWM (UWMC) Expected to Announce Quarterly Earnings on Wednesday

UWM (NYSE:UWMC) is projected to announce its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.07 per share and revenue of $645.75 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

UWM Stock Up 0.1 %

UWMC stock opened at $6.46 on Tuesday. The company has a 50 day moving average price of $6.03 and a two-hundred day moving average price of $7.03. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $10.32 billion, a P/E ratio of -28.07 and a beta of 1.66. UWM has a one year low of $5.31 and a one year high of $9.74.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on UWMC. The Goldman Sachs Group lowered 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 dropped their price objective 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. Finally, Morgan Stanley cut their price objective on shares of 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 given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently 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.