loanDepot (LDI) to Release Earnings on Tuesday

loanDepot (NYSE:LDI) will release its earnings data after the market closes on Tuesday, November 5th. Analysts expect loanDepot to post earnings of ($0.03) per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

loanDepot (NYSE:LDI) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.03. loanDepot had a negative net margin of 11.22% and a negative return on equity of 18.22%. The business had revenue of $265.39 million during the quarter, compared to analyst estimates of $267.66 million. On average, analysts expect loanDepot to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

loanDepot Stock Down 2.4 %

Shares of NYSE LDI opened at $2.07 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 4.69. loanDepot has a 12 month low of $1.25 and a 12 month high of $3.71. The firm has a market capitalization of $673.06 million, a PE ratio of -3.34 and a beta of 3.46. The firm has a fifty day simple moving average of $2.46 and a two-hundred day simple moving average of $2.21.

Insider Transactions at loanDepot

In other news, Director Anthony Li Hsieh sold 255,428 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $2.11, for a total value of $538,953.08. Following the sale, the director now directly owns 7,672,258 shares of the company’s stock, valued at $16,188,464.38. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Anthony Li Hsieh sold 255,428 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $2.11, for a total transaction of $538,953.08. Following the sale, the director now directly owns 7,672,258 shares of the company’s stock, valued at approximately $16,188,464.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeff Alexander Walsh sold 50,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $2.85, for a total transaction of $142,500.00. Following the sale, the insider now directly owns 4,122,128 shares in the company, valued at $11,748,064.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,751,459 shares of company stock valued at $7,115,755 in the last three months. 83.04% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on LDI. UBS Group upped their price objective on shares of loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a report on Thursday, September 5th. The Goldman Sachs Group upped their target price on shares of loanDepot from $1.50 to $1.70 and gave the stock a “sell” rating in a research report on Thursday, August 8th.

About loanDepot

loanDepot, Inc engages in originating, financing, selling, and servicing residential mortgage loans in the United States. The company offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. It also provides settlement services, which include captive title and escrow business; real estate services that cover captive real estate referral business; and insurance services, including services to homeowners, as well as other consumer insurance policies.