Zacks: Brokers expect Guild Holdings (NYSE: GHLD) to post $0.20 EPS

Wall Street brokerages expect Guild Holdings (NYSE:GHLD – Get a rating) to report earnings per share of $0.20 for the current quarter, Zacks reports. Two analysts have made estimates for Guild’s earnings, with the lowest EPS estimate being $0.08 and the highest estimate of $0.32. Guild reported earnings of $0.87 per share in the same quarter last year, indicating a negative 77% year-over-year growth rate. The company is expected to announce its next quarterly earnings report on Monday, January 1.

On average, analysts expect Guild to report annual earnings of $1.30 per share for the current year, with EPS estimates ranging from $0.80 to $1.60. For the next fiscal year, analysts expect the company to report earnings of $2.22 per share, with EPS estimates ranging from $1.87 to $2.55. Zacks EPS averages are an average based on a survey of sell-side research analysts who track Guild.

Guild (NYSE: GHLD – Get a rating) last released its results on Friday, May 6. The company reported earnings per share (EPS) of $0.53 for the quarter, beating the consensus estimate of $0.36 by $0.17. Guild had a return on equity of 19.99% and a net margin of 21.62%. During the same period a year earlier, the company posted EPS of $1.77.

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GHLD has been the subject of a number of analyst reports. JMP Securities restated a “buy” rating and set a target price of $15.00 (from $16.00) on Guild shares in a research report on Friday. Wells Fargo & Company downgraded Guild from an “overweight” rating to an “equal weight” rating and set a target price of $11.00 for the stock. in a research report on Monday, March 28. To finish, Zacks Investment Research upgraded Guild from a “buy” rating to a “hold” rating in a Friday, March 11 research report. Two equity research analysts gave the stock a hold rating and three gave the company a buy rating. According to data from MarketBeat, Guild currently has an average rating of “Buy” and a consensus target price of $15.30.

Hedge funds and other institutional investors have recently changed their positions in the company. BlackRock Inc. acquired a new stake in Guild stock during Q3 worth approximately $28,000. Royal Bank of Canada acquired a new equity stake in Guild during Q1 worth approximately $34,000. Morgan Stanley increased its holding in Guild shares by 304.9% during the third quarter. Morgan Stanley now owns 3,644 shares of the company worth $50,000 after buying 2,744 more shares in the last quarter. State Street Corp increased its stake in Guild by 12.0% in the first quarter. State Street Corp now owns 18,913 shares of the company valued at $194,000 after buying 2,023 additional shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Guild in Q4 valued at approximately $314,000. Institutional investors and hedge funds hold 9.29% of the company’s shares.

GHLD lost $0.16 in Friday’s midday session, hitting $10.74. 7,670 shares of the company were traded, against an average volume of 22,641. The company’s 50-day simple moving average is $9.45 and its 200-day simple moving average is $11.93. The company has a market capitalization of $655.75 million, a price-earnings ratio of 1.99 and a beta of 0.42. Guild has a 1-year low of $7.18 and a 1-year high of $16.35.

About the guild (Get a rating)

Guild Holdings Company, a mortgage company, originates, sells and services residential mortgages in the United States. The company operates approximately 260 branches with licenses in 49 states. It issues residential mortgage loans through retail channels and correspondents. The company was incorporated in 1960 and is based in San Diego, California.

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