$ 275.18 Million in Sales Expected for Guild Holdings (NYSE: GHLD) This Quarter

Equities research analysts forecast that Guild Holdings (NYSE: GHLD – Get Rating) will announce sales of $ 275.18 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Guild’s earnings, with the highest sales estimate coming in at $ 301.36 million and the lowest estimate coming in at $ 249.00 million. Guild reported sales of $ 294.11 million during the same quarter last year, which would indicate a negative year over year growth rate of 6.4%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Guild will report full-year sales of $ 1.26 billion for the current fiscal year, with estimates ranging from $ 1.24 billion to $ 1.27 billion. For the next financial year, analysts anticipate that the firm will post sales of $ 1.17 billion, with estimates ranging from $ 1.09 billion to $ 1.26 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Guild.

Guild (NYSE: GHLD – Get Rating) last announced its quarterly earnings results on Friday, May 6th. The company reported $ 0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $ 0.36 by $ 0.17. During the same period last year, the business posted $ 1.77 EPS.

Several analysts have recently weighed in on GHLD shares. Wells Fargo & Company downgraded Guild from an “overweight” rating to an “equal weight” rating and set a $ 11.00 target price for the company. in a research note on Monday, March 28th. Zacks Investment Research cut Guild from a “buy” rating to a “hold” rating in a report on Friday, March 11th. JMP Securities dropped their price target on Guild from $ 19.00 to $ 16.00 and set a “market outperform” rating for the company in a report on Wednesday, March 16th. Finally, JPMorgan Chase & Co. Reduce their price objective on Guild from $ 16.50 to $ 15.50 in a research report on Wednesday, January 19th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $ 15.50.

Several hedge funds have recently modified their holdings of GHLD. BlackRock Inc. acquired a new position in Guild during the 3rd quarter valued at about $ 28,000. Morgan Stanley grew its position in Guild by 304.9% in the third quarter. Morgan Stanley now owns 3,644 shares of the company’s stock worth $ 50,000 after acquiring an additional 2,744 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Guild during the fourth quarter valued at about $ 314,000. Algebris UK Ltd raised its stake in shares of Guild by 46.9% during the first quarter. Algebris UK Ltd now owns 140,418 shares of the company’s stock valued at $ 1,441,000 after acquiring an additional 44,844 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its stake in Guild by 67.6% in the third quarter. Schonfeld Strategic Advisors LLC now owns 826,643 shares of the company’s stock worth $ 11,375,000 after purchasing an additional 333,505 shares in the last quarter. 9.29% of the stock is currently owned by hedge funds and other institutional investors.

NYSE: GHLD opened at $ 8.37 on Friday. Guild has a 1-year low of $ 7.18 and a 1-year high of $ 16.61. The business’s fifty-day moving average price is $ 9.85 and its 200 day moving average price is $ 12.36. The firm has a market capitalization of $ 511.07 million, a price-to-earnings ratio of 1.55 and a beta of 0.51.

Guild Company Profile (Get Rating)

Guild Holdings Company, a mortgage company, originates, sells, and services residential mortgage loans in the United States. The company operates approximately 260 branches with licenses in 49 states. It originates through residential mortgages through retail and correspondent channels. The company was incorporated in 1960 and is headquartered in San Diego, California.

Further Reading

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