UWM (UWMC) to Release Quarterly Earnings on Wednesday

UWM (NYSE:UWMC) is projected to issue its quarterly earnings data 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 participating in the company’s conference call can do so using this link.

UWM Stock Performance

Shares of NYSE:UWMC opened at $6.50 on Wednesday. The company’s 50 day simple moving average is $6.00 and its 200 day simple moving average is $7.08. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40. UWM has a 1 year low of $5.31 and a 1 year high of $9.74. The stock has a market capitalization of $10.38 billion, a price-to-earnings ratio of -28.24 and a beta of 1.66.

Analysts Set New Price Targets

Several brokerages recently weighed in on UWMC. Morgan Stanley reduced their price objective on shares of UWM from $7.50 to $6.50 and set an “equal weight” rating on the stock in a research note on Thursday, December 19th. Keefe, Bruyette & Woods reduced their price target on UWM from $7.00 to $6.50 and set a “market perform” rating on the stock in a research report on Friday, January 3rd. Finally, The Goldman Sachs Group reduced their price objective on shares of UWM from $8.50 to $7.50 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $7.39.

About UWM

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.