UWM (UWMC) to Release Quarterly Earnings on Wednesday

UWM (NYSE:UWMC) is expected 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. Parties that are interested in registering for the company’s conference call can do so using this link.

UWM Price Performance

Shares of NYSE:UWMC opened at $6.46 on Tuesday. The firm has a market capitalization of $10.32 billion, a price-to-earnings ratio of -28.07 and a beta of 1.66. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40. The business’s 50 day simple moving average is $6.03 and its 200-day simple moving average is $7.03. UWM has a 12 month low of $5.31 and a 12 month high of $9.74.

Analysts Set New Price Targets

A number of analysts have commented on UWMC shares. The Goldman Sachs Group decreased their target price on UWM from $8.50 to $7.50 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Keefe, Bruyette & Woods decreased their price objective on shares of 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, Morgan Stanley dropped their target price on shares of UWM from $7.50 to $6.50 and set an “equal weight” rating for the company in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average 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.