loanDepot (LDI) Set to Announce Earnings on Tuesday

loanDepot (NYSE:LDI) will release its earnings data after the market closes on Tuesday, May 7th. Analysts expect loanDepot to post earnings of ($0.06) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

loanDepot (NYSE:LDI) last issued its quarterly earnings data on Tuesday, March 12th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.11). The company had revenue of $228.63 million for the quarter, compared to analysts’ expectations of $239.40 million. loanDepot had a negative net margin of 11.31% and a negative return on equity of 20.63%. On average, analysts expect loanDepot to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

loanDepot Trading Down 2.3 %

NYSE LDI traded down $0.05 on Tuesday, hitting $2.09. 65,153 shares of the stock were exchanged, compared to its average volume of 442,333. The stock has a fifty day moving average price of $2.48 and a two-hundred day moving average price of $2.37. The firm has a market capitalization of $675.26 million, a P/E ratio of -3.39 and a beta of 3.13. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.23 and a current ratio of 1.23. loanDepot has a 52-week low of $1.14 and a 52-week high of $3.71.

Insider Activity

In related news, insider Jeff Alexander Walsh sold 39,284 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $2.63, for a total value of $103,316.92. Following the transaction, the insider now owns 3,954,678 shares of the company’s stock, valued at approximately $10,400,803.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Dan Binowitz sold 13,900 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $2.34, for a total transaction of $32,526.00. Following the transaction, the director now owns 783,251 shares of the company’s stock, valued at approximately $1,832,807.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeff Alexander Walsh sold 39,284 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $2.63, for a total value of $103,316.92. Following the transaction, the insider now owns 3,954,678 shares in the company, valued at approximately $10,400,803.14. The disclosure for this sale can be found here. Insiders own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.