Guild (NYSE:GHLD) Issues Quarterly Earnings Results

Guild (NYSE:GHLD) posted its earnings results on Wednesday. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.23, FiscalAI reports. The company had revenue of $307.44 million during the quarter, compared to the consensus estimate of $311.28 million. Guild had a return on equity of 8.92% and a net margin of 2.56%.

Guild Stock Up 0.3%

Shares of NYSE GHLD traded up $0.06 during mid-day trading on Thursday, hitting $19.99. 53,758 shares of the stock traded hands, compared to its average volume of 40,555. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.05 and a current ratio of 0.05. Guild has a 52 week low of $11.21 and a 52 week high of $23.57. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 51.24, a PEG ratio of 1.06 and a beta of 0.93. The stock has a fifty day moving average price of $19.92 and a 200-day moving average price of $18.03.

Analyst Upgrades and Downgrades

GHLD has been the topic of several research reports. Jefferies Financial Group lowered shares of Guild from a “buy” rating to a “hold” rating and lifted their price target for the company from $16.00 to $20.00 in a report on Tuesday, July 22nd. BTIG Research restated a “neutral” rating on shares of Guild in a report on Thursday, August 21st. Weiss Ratings restated a “hold (c)” rating on shares of Guild in a report on Wednesday, October 8th. Zacks Research raised Guild from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. upped their price objective on Guild from $12.50 to $20.00 and gave the company a “neutral” rating in a research note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $18.42.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Guild stock. Geode Capital Management LLC raised its stake in shares of Guild Holdings Company (NYSE:GHLD) by 1.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 103,629 shares of the company’s stock after purchasing an additional 1,828 shares during the period. Geode Capital Management LLC owned 0.17% of Guild worth $2,050,000 as of its most recent SEC filing. Institutional investors own 17.52% of the company’s stock.

About Guild

Guild Holdings Company originates, sells, and services residential mortgage loans in the United States. It operates in two segments, Origination and Servicing. The company offers residential mortgages through retail and correspondent channels. Guild Holdings Company was incorporated in 1960 and is headquartered in San Diego, California.