IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) will issue its Q3 2017 quarterly earnings data after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.14 per share for the quarter.
IMPAC Mortgage Holdings (NYSEMKT:IMH) last posted its quarterly earnings results on Tuesday, August 8th. The financial services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.96 by ($0.97). IMPAC Mortgage Holdings had a net margin of 16.25% and a return on equity of 9.53%. The company had revenue of $39.63 million for the quarter. On average, analysts expect IMPAC Mortgage Holdings to post $1.00 EPS for the current fiscal year and $3.25 EPS for the next fiscal year.
IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) traded down 3.33% during trading on Monday, hitting $13.05. 21,231 shares of the stock traded hands. The company’s 50 day moving average is $13.14 and its 200 day moving average is $14.38. The company has a market capitalization of $272.68 million, a P/E ratio of 4.98 and a beta of 0.91. IMPAC Mortgage Holdings, Inc has a one year low of $12.04 and a one year high of $17.40.
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In other news, major shareholder Richard H/ Pickup acquired 494,004 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was bought at an average price of $12.25 per share, with a total value of $6,051,549.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
An institutional investor recently raised its position in IMPAC Mortgage Holdings stock. State Street Corp increased its stake in shares of IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) by 15.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 136,890 shares of the financial services provider’s stock after buying an additional 18,349 shares during the period. State Street Corp owned 0.66% of IMPAC Mortgage Holdings worth $2,071,000 as of its most recent filing with the SEC.
A number of research analysts recently weighed in on the stock. BidaskClub raised shares of IMPAC Mortgage Holdings from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. JMP Securities decreased their target price on shares of IMPAC Mortgage Holdings from $20.00 to $18.00 and set an “outperform” rating for the company in a research report on Friday, August 25th.
IMPAC Mortgage Holdings Company Profile
Impac Mortgage Holdings, Inc is an independent residential mortgage lender. The Company operates through three segments: Mortgage Lending, Real Estate Services and Long-Term Mortgage Portfolio. It originates, sells and services conventional, conforming agency and Government insured residential mortgage loans.
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