Wedbush Comments on Guild Holdings’ Q4 2024 Earnings (NYSE:GHLD)

Guild Holdings (NYSE:GHLD) – Equities researchers at Wedbush lifted their Q4 2024 earnings per share (EPS) estimates for shares of Guild in a research note issued on Thursday, October 10th. Wedbush analyst J. Mccanless now forecasts that the company will post earnings per share of $0.45 for the quarter, up from their previous estimate of $0.36. Wedbush has a “Outperform” rating and a $19.00 price target on the stock. The consensus estimate for Guild’s current full-year earnings is $1.41 per share. Wedbush also issued estimates for Guild’s Q1 2025 earnings at $0.42 EPS, Q3 2025 earnings at $0.42 EPS, Q4 2025 earnings at $0.46 EPS and FY2025 earnings at $1.68 EPS.

A number of other analysts have also weighed in on the stock. JMP Securities increased their price objective on shares of Guild from $14.00 to $16.50 and gave the stock a “market outperform” rating in a research report on Friday, June 28th. JPMorgan Chase & Co. lifted their price target on Guild from $16.00 to $17.00 and gave the company an “underweight” rating in a report on Monday, October 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Guild from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $17.50.

Guild Stock Down 4.0 %

Shares of GHLD opened at $15.01 on Monday. Guild has a 52-week low of $9.59 and a 52-week high of $18.25. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.76. The business has a fifty day moving average of $16.23 and a 200 day moving average of $15.03. The company has a market cap of $920.77 million, a PE ratio of 35.74, a P/E/G ratio of 0.30 and a beta of 1.04.

Guild (NYSE:GHLD) last announced its earnings results on Thursday, August 8th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.21. The firm had revenue of $285.69 million for the quarter, compared to analysts’ expectations of $257.97 million. Guild had a net margin of 3.28% and a return on equity of 5.83%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GHLD. Bridges Investment Management Inc. acquired a new stake in Guild during the second quarter worth about $10,497,000. Renaissance Technologies LLC raised its stake in Guild by 8.2% during the second quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock worth $410,000 after purchasing an additional 2,100 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in Guild in the first quarter valued at approximately $149,000. Donald Smith & CO. Inc. grew its holdings in shares of Guild by 2.1% during the 1st quarter. Donald Smith & CO. Inc. now owns 440,878 shares of the company’s stock worth $6,503,000 after purchasing an additional 9,126 shares during the period. Finally, Empowered Funds LLC boosted its stake in Guild by 8.2% during the first quarter. Empowered Funds LLC now owns 237,853 shares of the company’s stock worth $3,508,000 after buying an additional 17,992 shares during the period. 17.52% of the stock is currently owned by hedge funds and other institutional investors.

Guild Company Profile

Guild Holdings Company originates, sells, and services residential mortgage loans in the United States. It operates in two segments, Origination and Servicing. The company offers residential mortgages through retail and correspondent channels. Guild Holdings Company was incorporated in 1960 and is headquartered in San Diego, California.