Guild (NYSE:GHLD) Reports Earnings, Beats Estimates of $0.17 per EPS
Guild (NYSE:GHLD – Get Rating) announced its quarterly results on Friday. The company reported earnings per share (EPS) of $0.53 for the quarter, beating consensus analyst estimates of $0.36 by $0.17, MarketWatch Earnings reports. In the same quarter a year earlier, the company posted earnings per share of $1.77.
NYSE: GHLD traded down $0.50 at midday on Friday, hitting $9.10. 24,141 shares of the company were traded, compared to its average volume of 19,183. Guild has a 1-year low of $8.36 and a 1-year high of $16.61. The company has a market capitalization of $555.65 million, a PE ratio of 1.94 and a beta of 0.51. The company’s 50-day simple moving average is $10.23 and its 200-day simple moving average is $12.55.
A number of stock analysts have recently released reports on GHLD shares. JMP Securities cut its price target on Guild shares from $19.00 to $16.00 and set a “market outperformance” rating for the company in a Wednesday, March 16 report. Zacks Investment Research downgraded Guild shares from a “buy” rating to a “hold” rating in a Friday, March 11 report. JPMorgan Chase & Co. lowered its price target on Guild shares from $16.50 to $15.50 in a Wednesday, January 19 report. Finally, Wells Fargo & Company downgraded Guild shares from an “overweight” rating to an “equally weighted” rating and set a target price of $11.00 for the company. in a report on Monday, March 28. Two research analysts gave the stock a hold rating and three gave the stock a buy rating. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $15.50.
Several institutional investors have recently increased or reduced their stake in GHLD. Morgan Stanley acquired a new equity stake in Guild during Q1 worth approximately $138,000. Renaissance Technologies LLC acquired a new stake in Guild stock during the 4th quarter worth approximately $314,000. Finally, BlackRock Inc. increased its holding in Guild shares by 298.1% during the 4th 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. 9.29% of the shares are currently held by institutional investors.
Guild Company Profile (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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