United Wholesale Mortgages is the #1 wholesale mortgage lender and #2 mortgage lender in the US and expected to beat earnings tomorrow with astronomical numbers! UWM recently went public with a valuation of 16B calculated at 9.5x using the companies estimated adjusted net income of the first nine months ended September 2020 which was 1.7B x 9.5 this is BEFORE their record breaking earnings in Q3 and Q4 numbers were considered.
In Q3 they closed 54.2B in closed loan volume with 3.18% margin which equals to 1.45B in net income. This is a money printing machine especially with low interest rates and a booming housing market. Pays a dividend at .40c/share, current yield is 3.6% at $10.88 you will be buying in at the floor after consolidating for weeks.
Q4 net is expected to be 1.8~2B tomorrow afterhours. Conference call on Thursday 10am with financial analysts to review the results and upgraded PT comes after. Confirmed Super Bowl commercial on Sunday as well.
Submitted February 02, 2021 at 10:51PM by karlmoneywu https://ift.tt/2MMvCeA
