loanDepot (NYSE:LDI – Get Free Report) will release its earnings data after the market closes on Tuesday, May 7th. Analysts expect loanDepot to post earnings of ($0.06) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
loanDepot (NYSE:LDI – Get Free Report) last issued its quarterly earnings data on Tuesday, March 12th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.11). The company had revenue of $228.63 million for the quarter, compared to analysts’ expectations of $239.40 million. loanDepot had a negative net margin of 11.31% and a negative return on equity of 20.63%. On average, analysts expect loanDepot to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
loanDepot Trading Down 2.3 %
NYSE LDI traded down $0.05 on Tuesday, hitting $2.09. 65,153 shares of the stock were exchanged, compared to its average volume of 442,333. The stock has a fifty day moving average price of $2.48 and a two-hundred day moving average price of $2.37. The firm has a market capitalization of $675.26 million, a P/E ratio of -3.39 and a beta of 3.13. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.23 and a current ratio of 1.23. loanDepot has a 52-week low of $1.14 and a 52-week high of $3.71.
Insider Activity
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group dropped their target price on loanDepot from $3.00 to $2.50 and set a “sell” rating for the company in a research report on Wednesday, March 13th.
Read Our Latest Analysis on LDI
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.
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