Guild (GHLD) Scheduled to Post Quarterly Earnings on Monday

Posted by on May 6th, 2023

Guild (NYSE:GHLD – Get Rating) is scheduled to issue its quarterly earnings data after the market closes on Monday, May 8th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Guild Stock Performance

Shares of Guild stock opened at $9.91 on Friday. The firm has a market capitalization of $603.42 million, a P/E ratio of 1.86 and a beta of 0.93. Guild has a 52 week low of $7.18 and a 52 week high of $12.91. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52. The firm’s 50 day moving average is $10.74 and its two-hundred day moving average is $10.70.

Institutional Investors Weigh In On Guild

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Guild by 30.9% in the third quarter. Vanguard Group Inc. now owns 520,909 shares of the company’s stock valued at $4,813,000 after acquiring an additional 123,099 shares during the period. Algebris UK Ltd lifted its holdings in shares of Guild by 46.9% during the first quarter. Algebris UK Ltd now owns 140,418 shares of the company’s stock worth $1,441,000 after purchasing an additional 44,844 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Guild by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 100,866 shares of the company’s stock worth $1,017,000 after purchasing an additional 2,557 shares during the period. BlackRock Inc. lifted its holdings in shares of Guild by 837.9% during the third quarter. BlackRock Inc. now owns 78,958 shares of the company’s stock worth $730,000 after purchasing an additional 70,539 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of Guild by 6.0% during the third quarter. Alliancebernstein L.P. now owns 78,525 shares of the company’s stock worth $726,000 after purchasing an additional 4,437 shares during the period. 7.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their price objective on Guild from $12.50 to $13.00 and gave the company an “overweight” rating in a report on Monday, April 17th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $13.00.

About Guild

(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 residential mortgages through retail and correspondent channels. The company was incorporated in 1960 and is headquartered in San Diego, California.

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Earnings History for Guild (NYSE:GHLD)

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