Guild (GHLD) to release results on Friday
Guild (NYSE:GHLD – Get Rating) will release its quarterly results before market open on Friday, May 6. Analysts expect Guild to post earnings of $0.44 per share for the quarter. Those interested in listening to the company’s earnings conference call can do so using this link.
Guild (NYSE:GHLD – Get Rating) last released its quarterly results on Thursday, March 10. The company reported earnings per share of $0.37 for the quarter, missing Thomson Reuters consensus estimate of $0.64 per ($0.27). The company posted revenue of $343.06 million for the quarter, versus a consensus estimate of $367.99 million. During the same period a year earlier, the company posted EPS of $1.48. On average, analysts expect Guild to post EPS of $2 for the current fiscal year and EPS of $3 for the next fiscal year.
GHLD opened at $8.60 on Friday. The company has a market capitalization of $525.09 million, a P/E ratio of 1.84 and a beta of 0.20. The company has a 50-day moving average of $10.64 and a 200-day moving average of $12.76. Guild has a fifty-two week low of $8.36 and a fifty-two week high of $16.61.
Hedge funds have recently been buying and selling stocks. Renaissance Technologies LLC purchased a new position in Guild during the fourth quarter worth approximately $314,000. Morgan Stanley bought a new position in Guild during the first quarter worth about $138,000. Finally, BlackRock Inc. increased its position in Guild by 298.1% during the fourth quarter. BlackRock Inc. now owns 8,220 shares of the company valued at $115,000 after acquiring an additional 6,155 shares in the last quarter. Institutional investors hold 9.18% of the company’s shares.
Several research companies have commented on GHLD. JPMorgan Chase & Co. lowered its price target on Guild shares from $16.50 to $15.50 in a Wednesday, January 19 report. JMP Securities lowered its price target on Guild shares from $19.00 to $16.00 and set a “market outperformance” rating on the stock in a Wednesday, March 16 report. Wells Fargo & Company downgraded Guild shares from an “overweight” rating to an “equally weighted” rating and set a price target of $11.00 for the stock. in a report on Monday, March 28. Finally, Zacks Investment Research downgraded Guild shares from a “buy” rating to a “hold” rating in a Friday, March 11 report. Two research analysts gave the stock a hold rating and three gave the company a buy rating. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $15.50.
Guild Company Profile (Get an evaluation)
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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