loanDepot (LDI) Expected to Announce Earnings on Tuesday

loanDepot (NYSE:LDI) is expected to be releasing its earnings data after the market closes on Tuesday, March 11th. Analysts expect loanDepot to post earnings of ($0.02) per share and revenue of $310.08 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

loanDepot Price Performance

Shares of loanDepot stock opened at $1.80 on Friday. The stock has a market cap of $586.97 million, a price-to-earnings ratio of -3.45, a price-to-earnings-growth ratio of 0.25 and a beta of 3.36. The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a 50 day moving average price of $1.72 and a 200-day moving average price of $2.15. loanDepot has a one year low of $1.52 and a one year high of $3.23.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised their price target on loanDepot from $1.70 to $2.70 and gave the stock a “sell” rating in a research note on Thursday, November 14th.

Insider Buying and Selling

In other loanDepot news, Director Anthony Li Hsieh sold 126,927 shares of loanDepot stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $2.12, for a total transaction of $269,085.24. Following the completion of the sale, the director now directly owns 3,299,094 shares of the company’s stock, valued at $6,994,079.28. The trade was a 3.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders sold 678,329 shares of company stock valued at $1,438,951. Insiders own 83.04% of the company’s stock.

loanDepot Company Profile

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.