UWM Holdings Co. (NYSE:UWMC) – Analysts at Jefferies Financial Group issued their FY2021 earnings estimates for shares of UWM in a research note issued to investors on Tuesday, January 11th. Jefferies Financial Group analyst K. Joseph forecasts that the company will post earnings per share of $0.75 for the year. Jefferies Financial Group also issued estimates for UWM’s Q4 2021 earnings at $0.14 EPS, Q1 2022 earnings at $0.15 EPS, Q2 2022 earnings at $0.17 EPS, Q3 2022 earnings at $0.19 EPS, Q4 2022 earnings at $0.20 EPS, FY2022 earnings at $0.71 EPS and FY2023 earnings at $0.75 EPS.
UWM (NYSE:UWMC) last posted its quarterly earnings data on Tuesday, November 9th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.06. The company had revenue of $690.31 million for the quarter, compared to analysts’ expectations of $576.45 million.
Shares of UWMC opened at $5.72 on Thursday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.52. The stock’s fifty day simple moving average is $6.49 and its 200 day simple moving average is $7.10. UWM has a twelve month low of $5.41 and a twelve month high of $12.85.
Several hedge funds have recently made changes to their positions in UWMC. Advisor Group Holdings Inc. raised its holdings in shares of UWM by 14.5% in the second quarter. Advisor Group Holdings Inc. now owns 56,204 shares of the company’s stock valued at $475,000 after purchasing an additional 7,135 shares during the last quarter. New York State Common Retirement Fund purchased a new stake in shares of UWM in the second quarter worth about $342,000. Arizona State Retirement System purchased a new stake in shares of UWM in the second quarter worth about $213,000. Teacher Retirement System of Texas purchased a new stake in UWM in the second quarter valued at approximately $98,000. Finally, Rhumbline Advisers purchased a new stake in UWM in the second quarter valued at approximately $296,000. Institutional investors own 26.73% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 6th. Stockholders of record on Friday, December 10th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 9th. This represents a $0.40 annualized dividend and a dividend yield of 6.99%.
UWM Company Profile
UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company originates mortgage loans through wholesale channel. It originates primarily conforming and government loans. The company was founded in 1986 and is headquartered in Pontiac, Michigan.
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