Walter Investment Management Co (NYSE:WAC):
Walter Investment Management Corp. Announces the Hiring of Alfred W. Young, Jr. as Chief Risk and Compliance Officer, Elizabeth F. Monahan as Chief Human Resources Officer and Timothy J. Cranny as Sen.
The company is now down since yesterday’s close of $5.9.
It is trading at $5.30 slightly over $4.33, the 50 day moving average and a tad above the 200 day moving average of $4.21. The 50 day moving average was up by +22.46% and the 200 day average went up by +25.91%.
As of the last earnings report the EPS was $-16.39 and is expected to be $-0.44 for the current year with 36,143,000 shares currently outstanding. Next quarter’s EPS is forecasted at $-0.06 and the next full year EPS is anticipated to be $0.27.
A few brokerage analysts have provided guidance on Walter Investment Management Co recently. March 7 investment analysts at Credit Suisse left the company rating at “Neutral” and lowered the price expectation to $9.00 from $22.00. On March 1 Barclays kept the company rating at “Underweight” but moved down the price target from $10.00 to $7.00.
On November 9 the company was upgraded to “Market Perform” from “Underperform” and a price target of $10.00 was set by Keefe Bruyette & Woods. Equity analyst Keefe Bruyette & Woods lowered the price target and upgraded the stock on November 9 changing the price objective from $14.00 to $10.00 and raising the rating from “Underperform” to “Market Perform”.
On March 2 the stock rating was downgraded from “Market Perform” to “Underperform” in a statement from FBR Capital. On February 27 Barclays held the company rating at “Underweight” but lowered the price target from $18.00 to $13.00.