Mr. Cooper Group (NASDAQ:COOP) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, July 29th. Analysts expect the company to announce earnings of $1.56 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.
Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings results on Thursday, April 29th. The company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.60. Mr. Cooper Group had a net margin of 27.70% and a return on equity of 42.57%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $936.27 million. On average, analysts expect Mr. Cooper Group to post $7 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of NASDAQ COOP opened at $34.91 on Thursday. Mr. Cooper Group has a 12-month low of $13.07 and a 12-month high of $37.90. The stock has a market capitalization of $3.01 billion, a P/E ratio of 3.21 and a beta of 1.64. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.45. The firm has a 50-day simple moving average of $33.64.
In related news, Director Robert H. Gidel sold 6,905 shares of the company's stock in a transaction that occurred on Thursday, May 20th. The shares were sold at an average price of $33.13, for a total transaction of $228,762.65. Following the completion of the transaction, the director now owns 3,451 shares of the company's stock, valued at $114,331.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.17% of the company's stock.
COOP has been the topic of several recent research reports. Barclays reaffirmed an "equal weight" rating and issued a $38.00 price target (down previously from $44.00) on shares of Mr. Cooper Group in a report on Tuesday, April 27th. Zacks Investment Research raised shares of Mr. Cooper Group from a "sell" rating to a "hold" rating in a research report on Monday, July 5th. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $38.00 price objective (down previously from $39.00) on shares of Mr. Cooper Group in a research report on Tuesday, April 13th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of "Buy" and an average price target of $37.13.
About Mr. Cooper Group
Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related to single-family residences in the United States. The company operates through three segments: Servicing, Originations, and Xome. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.
See Also: Street Name
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Mr. Cooper Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mr. Cooper Group wasn't on the list.
While Mr. Cooper Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here