Zacks: Brokerages Expect Guild Holdings (NYSE:GHLD) Will Announce Earnings of $0.44 Per Share

Analysts expect Guild Holdings (NYSE:GHLD – Get Rating) to post earnings of $0.44 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Guild’s earnings, with estimates ranging from $0.30 to $0.57. Guild posted earnings per share of $1.77 during the same quarter last year, which indicates a negative year over year growth rate of 75.1%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Guild will report full-year earnings of $2.13 per share for the current fiscal year, with EPS estimates ranging from $1.49 to $2.64. For the next fiscal year, analysts forecast that the business will post earnings of $2.94 per share, with EPS estimates ranging from $2.52 to $3.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that cover Guild.

Guild (NYSE:GHLD – Get Rating) last announced its earnings results on Thursday, March 10th. The company reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.27). The business had revenue of $343.06 million for the quarter, compared to analyst estimates of $367.99 million. During the same period last year, the company earned $1.48 earnings per share.

A number of equities research analysts have recently commented on GHLD shares. JPMorgan Chase & Co. cut their price target on shares of Guild from $16.50 to $15.50 in a report on Wednesday, January 19th. Zacks Investment Research cut shares of Guild from a “buy” rating to a “hold” rating in a report on Friday, March 11th. Wells Fargo & Company cut shares of Guild from an “overweight” rating to an “equal weight” rating and set a $11.00 price target on the stock. in a report on Monday, March 28th. Finally, JMP Securities cut their price target on shares of Guild from $19.00 to $16.00 and set a “market outperform” rating on the stock in a report on Wednesday, March 16th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Guild presently has an average rating of “Buy” and an average price target of $15.50.

Shares of NYSE GHLD traded down $0.09 on Friday, reaching $8.56. 10 shares of the company’s stock traded hands, compared to its average volume of 20,672. Guild has a 12 month low of $8.36 and a 12 month high of $16.61. The business’s 50 day simple moving average is $10.72 and its two-hundred day simple moving average is $12.80. The company has a market cap of $522.65 million, a price-to-earnings ratio of 1.85 and a beta of 0.20.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Guild in the third quarter worth approximately $28,000. Morgan Stanley boosted its stake in shares of Guild by 304.9% during the 3rd quarter. Morgan Stanley now owns 3,644 shares of the company’s stock worth $50,000 after acquiring an additional 2,744 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Guild during the 4th quarter worth $314,000. Finally, Schonfeld Strategic Advisors LLC boosted its stake in shares of Guild by 9.4% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 904,162 shares of the company’s stock worth $12,685,000 after acquiring an additional 77,519 shares during the last quarter. Institutional investors own 9.18% of the company’s stock.

About Guild (Get Rating)

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

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