Wedbush looks at Guild Holdings’ first quarter 2022 results (NYSE:GHLD)

Guild Holdings (NYSE:GHLD – Get Rating) – Equity researchers at Wedbush raised their first-quarter 2022 EPS estimates for Guild shares in a note to investors on Friday, March 11. Wedbush analyst H. Coffey now expects the company to post earnings per share of $0.93 for the quarter, up from its previous forecast of $0.89. Wedbush also released Guild earnings estimates for Q2 2022 at $1.06 EPS, Q3 2022 earnings at $1.11 EPS, Q4 2022 earnings at $0.90 EPS and fiscal year 2022 at $4.00 EPS. Guild (NYSE:GHLD – Get Rating) last released its results on Thursday, March 10. The company reported EPS of $0.37 for the quarter, missing Thomson Reuters consensus estimate of $0.64 per ($0.27). In the same quarter of the previous year, the company achieved EPS of $1.48.

GHLD has been the subject of several other research reports. Zacks Investment Research downgraded Guild shares from a “buy” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. cut its price target on Guild shares from $16.50 to $15.50 in a Wednesday, January 19 research report.

NYSE GHLD shares opened at $11.44 on Monday. The stock has a market capitalization of $698.49 million, a P/E ratio of 2.17 and a beta of 0.28. Guild has a 1-year low of $10.73 and a 1-year high of $16.61. The company has a 50-day moving average of $12.89 and a 200-day moving average of $13.77.

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Several institutional investors have recently increased or reduced their stake in the company. Schonfeld Strategic Advisors LLC increased its stake in Guild stock by 67.6% during the third quarter. Schonfeld Strategic Advisors LLC now owns 826,643 shares of the company valued at $11,375,000 after acquiring an additional 333,505 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Guild during the 4th quarter valued at approximately $314,000. State Street Corp acquired a new position in Guild stock in Q2 worth approximately $208,000. Morgan Stanley acquired a new position in Guild stock in Q1 worth approximately $138,000. Finally, BlackRock Inc. increased its holding in Guild shares by 298.1% in the fourth quarter. BlackRock Inc. now owns 8,220 shares of the company worth $115,000 after purchasing an additional 6,155 shares in the last quarter. Institutional investors and hedge funds own 9.18% of the company’s shares.

About the guild (Get an assessment)

Guild Holdings Company, a mortgage company, originates, sells and services residential mortgages in the United States. The company operates approximately 200 branches with licenses in 48 states. It issues residential mortgage loans through retail channels and correspondents. The company was founded in 1960 and is based in San Diego, California.

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