About Walter Investment Management Corp. (NYSE:WAC)
Walter Investment Management Corp. is a diversified mortgage banking firm focused primarily on the servicing and origination of residential loans, including reverse loans. The Company operates through three segments: Servicing, Originations and Reverse Mortgage. The Servicing segment consists of operations that perform servicing for third-party credit owners of mortgage loans, as well as its own mortgage loan portfolio. The Servicing segment also includes Insurance, and Loans and Residuals businesses. The Originations segment consists of operations that originate and purchase mortgage loans that are intended for sale to third parties. The Reverse Mortgage segment consists of operations which purchases and originates home equity conversion mortgage that are securitized, but remain on the consolidated balance sheet as collateral for secured borrowings.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Retail & Mortgage Banks
- Sub-Industry: Asset Management & Custody Banks
- Symbol: NYSE:WAC
- CUSIP: 93317W10
- Web: www.walterinvestment.com
- Market Cap: $18.52 million
- Outstanding Shares: 36,541,000
- 50 Day Moving Avg: $0.54
- 200 Day Moving Avg: $0.83
- 52 Week Range: $0.30 - $8.11
Sales & Book Value:
- Trailing P/E Ratio: N/A
- P/E Growth: 0.0100
- Annual Revenue: $947.12 million
- Price / Sales: 0.02
- Book Value: ($3.09) per share
- Price / Book: -0.16
- Net Margins: -18.10%
- Return on Equity: -796.24%
- Return on Assets: -0.52%
- Debt-to-Equity Ratio: -126.69%
- Current Ratio: 16.96%
- Quick Ratio: 16.96%
- Average Volume: 736,037 shs.
- Beta: 0.58
- Short Ratio: 4.1
Frequently Asked Questions for Walter Investment Management Corp. (NYSE:WAC)
What is Walter Investment Management Corp.'s stock symbol?
Walter Investment Management Corp. trades on the New York Stock Exchange (NYSE) under the ticker symbol "WAC."
How were Walter Investment Management Corp.'s earnings last quarter?
Walter Investment Management Corp. (NYSE:WAC) announced its quarterly earnings data on Tuesday, August, 9th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.03 by $0.04. The firm had revenue of $187.50 million for the quarter, compared to analysts' expectations of $284.14 million. Walter Investment Management Corp. had a negative return on equity of 796.24% and a negative net margin of 18.10%. The firm's revenue for the quarter was down 54.5% on a year-over-year basis. During the same period last year, the business posted $0.65 earnings per share. View Walter Investment Management Corp.'s Earnings History.
When will Walter Investment Management Corp. make its next earnings announcement?
Where is Walter Investment Management Corp.'s stock going? Where will Walter Investment Management Corp.'s stock price be in 2017?
2 brokers have issued 12 month price objectives for Walter Investment Management Corp.'s shares. Their forecasts range from $1.00 to $1.25. On average, they expect Walter Investment Management Corp.'s stock price to reach $1.13 in the next twelve months. View Analyst Ratings for Walter Investment Management Corp..
Who are some of Walter Investment Management Corp.'s key competitors?
Some companies that are related to Walter Investment Management Corp. include Medley Management (MDLY), Cerulean Pharma (DARE), Marathon Patent Group (MARA), FXCM (GLBR), Gleacher & Co. (GLCH), 1st United Bancorp Inc (Florida) (FUBC), American Safety Insurance Holdings (ASI), AmREIT (AMRE), Anchor BanCorp Wisconsin Inc (DE) (ABCW), Asset Acceptance Capital Corp. (AACC), Aviva Plc (AV), Bank of Ireland Group plc (IRE), BlackRock Capital Investment Corporation (BKCC), BRE Properties (BRE), Brighthouse Financial (BHF), Brookfield Office Properties (BPO), Capitala Finance Corp. (CPTA) and CapitalSource (CSE).
Who are Walter Investment Management Corp.'s key executives?
Walter Investment Management Corp.'s management team includes the folowing people:
- George M. Awad, Executive Chairman of the Board
- Anthony N. Renzi, President, Chief Executive Officer, Director
- Gary L. Tillett, Chief Financial Officer, Executive Vice President
- John J. Haas, General Counsel, Chief Legal Officer, Company Secretary
- Daniel G. Beltzman, Director
- Michael M. Bhaskaran, Director
- Neal P. Goldman, Director
- Alvaro G. De Molina, Independent Director
- William J. Meurer, Independent Director
How do I buy Walter Investment Management Corp. stock?
Shares of Walter Investment Management Corp. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Walter Investment Management Corp.'s stock price today?
MarketBeat Community Rating for Walter Investment Management Corp. (NYSE WAC)MarketBeat's community ratings are surveys of what our community members think about Walter Investment Management Corp. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Walter Investment Management Corp. stock can currently be purchased for approximately $0.51.
Consensus Ratings for Walter Investment Management Corp. (NYSE:WAC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 1 Hold Rating|
|Consensus Rating:||Hold (Score: 1.50)|
|Consensus Price Target: ||$1.13 (121.94% upside)|Consensus Price Target History for Walter Investment Management Corp. (NYSE:WAC)
Analysts' Ratings History for Walter Investment Management Corp. (NYSE:WAC)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|5/10/2017||Wells Fargo & Company||Upgrade||Underperform -> Market Perform||$1.25||High|
|4/19/2017||Keefe, Bruyette & Woods||Reiterated Rating||Sell||$1.00||Low|
|8/10/2016||Barclays PLC||Lower Price Target||Underweight||$5.00 -> $2.00||N/A|
|8/5/2016||Wunderlich||Upgrade||Hold -> Buy||N/A|
|5/4/2016||Compass Point||Lower Price Target||Sell||$6.00 -> $2.50||N/A|
|5/4/2016||FBR & Co||Lower Price Target||Underperform||$7.00 -> $3.00||N/A|
|3/7/2016||Credit Suisse Group||Lower Price Target||Neutral||$22.00 -> $9.00||N/A|
Earnings History for Walter Investment Management Corp. (NYSE:WAC)Earnings History by Quarter for Walter Investment Management Corp. (NYSE WAC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/10/2017||Q1 2017||($0.98)||($0.70)||$245.60 million||$245.29 million||View||N/A|
|3/14/2017||Q4 2016||($0.35)||($1.10)||$272.20 million||$444.10 million||View||Listen|
|11/9/2016||Q316||($0.07)||($0.17)||$313.78 million||$297.30 million||View||Listen|
|8/9/2016||Q216||$0.03||$0.07||$284.14 million||$187.50 million||View||Listen|
|5/3/2016||Q116||$0.28||($0.50)||$305.95 million||$66.77 million||View||Listen|
|2/29/2016||Q415||$0.35||($0.14)||$304.93 million||$331.60 million||View||Listen|
|11/5/2015||Q315||$0.49||$0.44||$326.28 million||$219.40 million||View||Listen|
|8/10/2015||Q215||$0.56||$0.65||$363.80 million||$412.40 million||View||Listen|
|5/7/2015||Q115||$0.46||$1.02||$329.83 million||$330.33 million||View||Listen|
|2/26/2015||Q414||$0.63||($0.06)||$345.83 million||$317.50 million||View||Listen|
|11/6/2014||Q314||$1.03||($1.88)||$390.84 million||$386.00 million||View||Listen|
|8/11/2014||Q214||$1.22||$1.19||$381.07 million||$413.71 million||View||Listen|
|5/8/2014||Q413||$0.96||$1.53||$375.88 million||$369.90 million||View||Listen|
|2/27/2014||Q4||$1.24||$1.07||$396.22 million||$402.84 million||View||Listen|
|11/6/2013||$1.47||$2.33||$416.37 million||$489.16 million||View||Listen|
|8/8/2013||Q213||$1.03||$4.75||$374.77 million||$569.20 million||View||Listen|
|5/9/2013||Q113||$0.47||$1.50||$262.77 million||$291.80 million||View||Listen|
|3/19/2013||$0.68||$0.64||$166.80 million||$176.40 million||View||Listen|
|11/8/2012||Q312||$0.62||$0.75||$160.62 million||$160.76 million||View||N/A|
Earnings Estimates for Walter Investment Management Corp. (NYSE:WAC)
2017 EPS Consensus Estimate: ($3.84)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Walter Investment Management Corp. (NYSE:WAC)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Walter Investment Management Corp. (NYSE:WAC)
Insider Ownership Percentage: 46.58%Insider Trades by Quarter for Walter Investment Management Corp. (NYSE:WAC)
Institutional Ownership Percentage: 56.50%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/24/2016||Stuart Douglass Boyd||SVP||Sell||8,780||$3.13||$27,481.40|| |
|5/9/2016||James L Pappas||Director||Buy||5,000||$4.68||$23,400.00|| |
|5/6/2016||David C Schneider||COO||Buy||21,505||$4.63||$99,568.15|| |
|5/5/2016||Alvaro G Demolina||Director||Buy||25,000||$4.65||$116,250.00|| |
|6/26/2015||Baker Street Capital Managemen||Major Shareholder||Buy||47,200||$22.82||$1,077,104.00|| |
|6/25/2015||Baker Street Capital Managemen||Major Shareholder||Buy||197,514||$23.04||$4,550,722.56|| |
|8/13/2014||Denmar John Dixon||VP||Buy||7,500||$24.58||$184,350.00|| |
|8/13/2014||Gary Tillett||CFO||Buy||7,900||$24.83||$196,157.00|| |
|3/3/2014||Denmar John Dixon||VP||Buy||2,500||$25.11||$62,775.00|| |
|12/6/2013||Charles Cauthen||CFO||Sell||31,535||$37.94||$1,196,437.90|| |
|12/6/2013||James Pappas||Director||Buy||1,000||$37.88||$37,880.00|| |
|11/5/2013||Keith Anderson||COO||Sell||1,609||$35.75||$57,521.75|| |
|11/5/2013||Thomas Franco||Insider||Sell||3,300||$35.92||$118,536.00|| |
|9/6/2013||Keith A Anderson||COO||Sell||15,857||$40.14||$636,499.98|| |
|9/6/2013||Kimberly Ann Perez||CAO||Sell||18,800||$40.80||$767,040.00|| |
|9/6/2013||Thomas J Franco||Insider||Sell||13,753||$39.75||$546,681.75|| |
|9/5/2013||Kimberly Ann Perez||CAO||Sell||4,287||$39.00||$167,193.00|| |
|8/13/2013||Denmar John Dixon||VP||Buy||5,000||$39.65||$198,250.00|| |
|5/16/2013||Brian F Corey||Insider||Sell||9,920||$38.83||$385,193.60|| |
|5/14/2013||Shannon E Smith||Director||Sell||10,000||$37.88||$378,800.00|| |
Headline Trends for Walter Investment Management Corp. (NYSE:WAC)
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Walter Investment Management Corp. (WAC) Chart for Sunday, October, 22, 2017