UWM Holdings Co. (NYSE:UWMC) to Post FY2021 Earnings of $0.75 Per Share, Jefferies Financial Group Forecasts

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.

UWMC has been the subject of a number of other reports. Zacks Investment Research upgraded UWM from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a research note on Friday. Barclays cut shares of UWM from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $9.00 to $7.00 in a report on Monday, January 10th. Wedbush raised shares of UWM from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $8.75 to $8.00 in a research report on Thursday, December 16th. Piper Sandler initiated coverage on shares of UWM in a research report on Wednesday, December 15th. They issued a “neutral” rating and a $6.50 price target for the company. Finally, UBS Group began coverage on shares of UWM in a research note on Friday, October 15th. They set a “buy” rating and a $8.50 price target on the stock. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, UWM currently has an average rating of “Hold” and a consensus price target of $8.48.

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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Earnings History and Estimates for UWM (NYSE:UWMC)

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