Walter Investment Management Corp. (NYSE:WAC) updated its FY13 earnings guidance on Monday. The company provided EPS guidance of 8.90-9.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.80, StockRatingsNetwork reports. Walter Investment Management Corp. also updated its FY14 guidance to $6.00-6.50 EPS.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Walter Investment Management Corp. (NYSE:WAC) from $38.00 to $44.00 in a research note to investors on Monday, August 12th. They now have a market perform rating on the stock. On a related note, analysts at Compass Point downgraded shares of Walter Investment Management Corp. (NYSE:WAC) from a buy rating to a neutral rating in a research note to investors on Friday, August 9th. They noted that the move was a valuation call. Finally, analysts at Zacks downgraded shares of Walter Investment Management Corp. (NYSE:WAC) from an outperform rating to a neutral rating in a research note to investors on Thursday, August 8th. They now have a $45.90 price target on the stock.
One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $43.99.
Walter Investment Management Corp. (NYSE:WAC) traded up 0.85% during mid-day trading on Monday, hitting $40.36. 248,379 shares of the company’s stock traded hands. Walter Investment Management Corp. has a 52 week low of $31.02 and a 52 week high of $49.99. The stock has a 50-day moving average of $39.11 and a 200-day moving average of $37.77. The company has a market cap of $1.492 billion and a P/E ratio of 9.88.
Walter Investment Management Corp. (NYSE:WAC) last issued its quarterly earnings data on Thursday, August 8th. The company reported $4.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.03 by $3.72. The company had revenue of $569.20 million for the quarter, compared to the consensus estimate of $374.77 million. The company’s quarterly revenue was up 277.2% on a year-over-year basis. Analysts expect that Walter Investment Management Corp. will post $9.19 EPS for the current fiscal year.
Walter Investment Management Corp., together with its subsidiaries, is a fee-based business services provider to the residential mortgage industry.
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