Ocwen Financial (OCN) Scheduled to Post Earnings on Thursday

Ocwen Financial (NYSE:OCN - Get Free Report) will issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.21 per share for the quarter.

Ocwen Financial (NYSE:OCN - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $1.44 earnings per share for the quarter, beating analysts' consensus estimates of $1.09 by $0.35. The firm had revenue of $277.30 million during the quarter, compared to analysts' expectations of $260.23 million. Ocwen Financial had a positive return on equity of 10.21% and a negative net margin of 5.97%. On average, analysts expect Ocwen Financial to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Ocwen Financial Price Performance

Ocwen Financial stock traded down $1.00 on Thursday, reaching $24.23. The company's stock had a trading volume of 25,475 shares, compared to its average volume of 11,957. Ocwen Financial has a twelve month low of $21.15 and a twelve month high of $35.79. The company has a market cap of $188.15 million, a price-to-earnings ratio of -2.94 and a beta of 1.88. The company has a debt-to-equity ratio of 23.13, a quick ratio of 18.14 and a current ratio of 18.14. The business's fifty day moving average price is $25.64 and its 200 day moving average price is $26.59.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on OCN. B. Riley restated a "buy" rating and set a $50.00 target price on shares of Ocwen Financial in a research report on Tuesday, March 26th. Keefe, Bruyette & Woods lowered their target price on shares of Ocwen Financial from $30.00 to $28.00 and set a "market perform" rating for the company in a research note on Tuesday, April 9th.

Ocwen Financial Company Profile

Ocwen Financial Corporation, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. It operates through, Servicing and Originations segments. The company provides commercial forward mortgage loan servicing, reverse mortgage servicing, special servicing, and asset management services for to owners of mortgage loans and foreclosed real estate, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans classified as loans.