loanDepot (LDI) Projected to Post Earnings on Tuesday

loanDepot (NYSE:LDI) is expected to be issuing its quarterly earnings data after the market closes on Tuesday, March 11th. Analysts expect the company to announce earnings of ($0.02) per share and revenue of $310.08 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

loanDepot Stock Performance

Shares of LDI stock opened at $1.66 on Tuesday. The company’s fifty day simple moving average is $1.73 and its 200-day simple moving average is $2.18. loanDepot has a 52 week low of $1.52 and a 52 week high of $3.23. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.76. The company has a market cap of $541.19 million, a PE ratio of -3.18, a P/E/G ratio of 0.25 and a beta of 3.37.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised their price target on shares of loanDepot from $1.70 to $2.70 and gave the company a “sell” rating in a report on Thursday, November 14th.

Insiders Place Their Bets

In other loanDepot news, Director Anthony Li Hsieh sold 126,927 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $2.12, for a total transaction of $269,085.24. Following the completion of the transaction, the director now directly owns 3,299,094 shares of the company’s stock, valued at $6,994,079.28. This trade represents a 3.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 678,329 shares of company stock valued at $1,438,951 in the last ninety days. Corporate insiders own 83.04% of the company’s stock.

About loanDepot

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.