loanDepot (LDI) Scheduled to Post Quarterly Earnings on Tuesday

loanDepot (NYSE:LDI) is scheduled to be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.06) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

loanDepot (NYSE:LDI) last issued its earnings results on Tuesday, March 12th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.11). loanDepot had a negative return on equity of 20.63% and a negative net margin of 11.31%. The business had revenue of $228.63 million for the quarter, compared to the consensus estimate of $239.40 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 Up 2.7 %

loanDepot stock opened at $2.32 on Monday. loanDepot has a 1-year low of $1.14 and a 1-year high of $3.71. The firm has a 50 day simple moving average of $2.45 and a 200 day simple moving average of $2.39. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 4.24.

Analyst Ratings Changes

Separately, The Goldman Sachs Group dropped their price objective on loanDepot from $3.00 to $2.50 and set a “sell” rating on the stock in a report on Wednesday, March 13th.

Insider Activity at loanDepot

In other loanDepot news, Director Dan Binowitz sold 13,900 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $2.34, for a total value of $32,526.00. Following the sale, the director now directly owns 783,251 shares in the company, valued at approximately $1,832,807.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 83.04% of the stock is owned by corporate insiders.

loanDepot Company Profile

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.