loanDepot (LDI) Set to Announce Quarterly Earnings on Tuesday

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

loanDepot (NYSE:LDI) last posted 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 Trading Up 2.7 %

Shares of NYSE LDI opened at $2.32 on Friday. The stock has a market cap of $749.57 million, a P/E ratio of -3.68 and a beta of 3.13. The firm has a 50 day moving average price of $2.45 and a two-hundred day moving average price of $2.38. 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.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other loanDepot news, insider Jeff Alexander Walsh sold 39,284 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $2.63, for a total transaction of $103,316.92. Following the completion of the sale, 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 accessible through the SEC website. In related news, insider Jeff Alexander Walsh sold 39,284 shares of the business’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 $10,400,803.14. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dan Binowitz sold 13,900 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $2.34, for a total value of $32,526.00. Following the sale, the director now owns 783,251 shares of the company’s stock, valued at $1,832,807.34. The disclosure for this sale can be found here. 83.04% of the stock is owned by 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.