Ocwen Financial Corporation Company Profile (NYSE:OCN)

About Ocwen Financial Corporation

Ocwen Financial Corporation logoOcwen Financial Corporation is a financial services holding company. The Company, through its subsidiaries, operates as a mortgage company. The Company's segments include Servicing, Lending, and Corporate Items and Other. The Company's Servicing segment consists of its core residential servicing business. The Company's Lending segment is focused on originating and purchasing conventional and government-insured residential forward and reverse mortgage loans. The Company's Corporate Items and Other segment includes business activities that include providing secured floor plan lending to used car dealerships through its Automotive Capital Services (ACS) venture and providing financing to investors to purchase single-family homes and apartments for lease through its Liberty Rental Finance venture. The Corporate Items and Other segment also includes the diversified fee-based businesses, which provide property valuation, real estate owned (REO) management, title and closing services.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Mortgage Investment
  • Sub-Industry: Thrifts & Mortgage Finance
  • Exchange: NYSE
  • Symbol: OCN
  • CUSIP: 67574630
Key Metrics:
  • Previous Close: $3.50
  • 50 Day Moving Average: $3.29
  • 200 Day Moving Average: $2.39
  • 52-Week Range: $1.29 - $8.34
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -4.02
  • P/E Growth: -0.55
  • Market Cap: $433.95M
  • Outstanding Shares: 123,986,000
  • Beta: 1.23
Profitability:
  • Net Margins: -33.29%
  • Return on Equity: -31.51%
  • Return on Assets: -3.46%
Debt:
  • Debt-to-Equity Ratio: 7.12%
  • Current Ratio: 2.78%
  • Quick Ratio: 2.78%
Additional Links:
Companies Related to Ocwen Financial Corporation:

Analyst Ratings

Consensus Ratings for Ocwen Financial Corporation (NYSE:OCN) (?)
Ratings Breakdown: 1 Sell Rating, 4 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $2.90 (17.14% downside)

Analysts' Ratings History for Ocwen Financial Corporation (NYSE:OCN)
Show:
DateFirmActionRatingPrice TargetDetails
9/14/2016Compass PointUpgradeNeutral -> Buy$4.50View Rating Details
8/8/2016Piper Jaffray Cos.Lower Price TargetNeutral$2.50 -> $2.00View Rating Details
8/2/2016Oppenheimer Holdings Inc.Reiterated RatingView Rating Details
7/28/2016Keefe, Bruyette & WoodsLower Price TargetMarket Perform$5.00 -> $3.00View Rating Details
3/29/2016Citigroup Inc.Boost Price TargetNeutral$2.50 -> $3.00View Rating Details
3/3/2016Bank of America Corp.Reiterated RatingUnderperform$8.00 -> $2.00View Rating Details
8/3/2015Stifel NicolausLower Price TargetMarket Perform$10.00 -> $8.50View Rating Details
7/31/2015Sterne Agee CRTDowngradeBuy -> Neutral$12.00View Rating Details
6/4/2015Goldman Sachs Group Inc.DowngradeBuy -> Neutral$32.00 -> $35.00View Rating Details
1/13/2015Barclays PLCLower Price TargetEqual Weight$20.00 -> $12.00View Rating Details
10/22/2014Evercore ISIDowngradeBuy -> Hold$40.00 -> $24.00View Rating Details
(Data available from 9/27/2014 forward)

Earnings

Earnings History for Ocwen Financial Corporation (NYSE:OCN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/26/2016        
7/27/2016Q2($0.43)($0.71)$324.05 million$373.05 millionViewListenView Earnings Details
4/27/2016Q1($0.39)($0.90)$346.28 million$330.76 millionViewListenView Earnings Details
2/29/2016Q4($0.29)($1.79)$367.60 million$362.46 millionViewListenView Earnings Details
10/28/2015Q3($0.35)($0.53)$410.24 million$405.00 millionViewListenView Earnings Details
7/30/2015Q2$0.20$0.08$463.50 million$463.30 millionViewListenView Earnings Details
4/30/2015Q115$0.13$0.27$510.40 millionViewN/AView Earnings Details
4/14/2015$0.35($1.42)ViewN/AView Earnings Details
10/30/2014Q314$0.59$0.58$542.76 million$485.30 millionViewN/AView Earnings Details
7/31/2014Q214$0.79$0.48$553.83 million$553.10 millionViewN/AView Earnings Details
5/1/2014Q114$0.98$0.54$570.58 million$551.30 millionViewN/AView Earnings Details
2/27/2014Q413$0.81$0.74$562.08 million$556.00 millionViewN/AView Earnings Details
10/31/2013Q313$1.10$0.44$591.85 million$531.24 millionViewN/AView Earnings Details
8/1/2013Q2 2013$1.02$0.53$515.88 million$530.00 millionViewN/AView Earnings Details
5/2/2013Q1 2013$0.74$0.31$358.00 million$376.10 millionViewN/AView Earnings Details
2/28/2013Q4 2012$0.50$0.47$231.28 million$236.40 millionViewN/AView Earnings Details
11/1/2012Q312$0.40$0.37$228.33 million$232.70 millionViewN/AView Earnings Details
8/2/2012$0.32$0.32ViewN/AView Earnings Details
5/3/2012$0.31$0.14ViewN/AView Earnings Details
2/23/2012$0.30$0.08ViewN/AView Earnings Details
8/4/2011$0.28$0.25ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Ocwen Financial Corporation (NYSE:OCN)
Current Year EPS Consensus Estimate: $-2.19 EPS
Next Year EPS Consensus Estimate: $-0.87 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161($0.55)($0.55)($0.55)
Q2 20161($0.55)($0.55)($0.55)
Q3 20161($0.46)($0.46)($0.46)
Q4 20161($0.54)($0.54)($0.54)
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Ocwen Financial Corporation (NYSE:OCN)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for Ocwen Financial Corporation (NYSE:OCN)
Insider Ownership Percentage: 5.17%
Institutional Ownership Percentage: 59.01%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
4/29/2016Kingstown Capital Partners, LlInsiderSell250,000$2.26$565,000.00View SEC Filing  
3/28/2016Richard Basil GordonDirectorBuy1,000$0.26$260.00
3/24/2016Richard Basil GordonDirectorBuy1,500$0.25$375.00
3/22/2016Richard Basil GordonDirectorBuy3,000$0.27$810.00
3/21/2016Glenn HolmesDirectorBuy5,000$0.25$1,250.00
3/18/2016Richard Basil GordonDirectorBuy2,000$0.28$560.00
3/16/2016Richard Basil GordonDirectorBuy2,000$0.27$540.00
3/11/2016Otto J KumbarEVPBuy50,000$2.92$146,000.00View SEC Filing  
3/8/2016Otto J KumbarEVPBuy50,000$2.70$135,000.00View SEC Filing  
3/3/2016Arthur C Walker JrSVPBuy10,000$2.27$22,700.00View SEC Filing  
2/19/2016Richard Basil GordonDirectorBuy5,000$0.22$1,100.00
1/21/2016Richard Basil GordonDirectorBuy1,000$0.16$160.00
11/24/2015Timothy M HayesEVPBuy2,000$6.46$12,920.00View SEC Filing  
11/13/2015Ronald M. FarisCEOBuy5,000$6.19$30,950.00View SEC Filing  
9/30/2015Richard Basil GordonDirectorBuy2,000$0.19$380.00
9/25/2015Richard Basil GordonDirectorBuy1,000$0.21$210.00
6/25/2015Glenn HolmesDirectorBuy2,500$0.20$487.50
3/13/2015Glenn HolmesDirectorBuy1,500$0.25$375.00
12/4/2014Richard Basil GordonDirectorBuy3,000$0.26$780.00
11/6/2014Richard Basil GordonDirectorBuy2,000$0.35$700.00
7/14/2014Wilbur L Ross JrDirectorSell1,950,296$37.00$72,160,952.00View SEC Filing  
11/21/2013Barry WishDirectorSell250,000$53.53$13,382,500.00View SEC Filing  
11/18/2013Timothy HayesEVPBuy1,000$52.44$52,440.00View SEC Filing  
9/23/2013Wilbur Ross, Jr.DirectorSell3,145,640$50.19$157,879,671.60View SEC Filing  
8/22/2013Nikhil MalikCFOSell7,500$50.49$378,675.00View SEC Filing  
8/7/2013Barry WishDirectorSell300,000$50.29$15,087,000.00View SEC Filing  
6/11/2013Ronald J KornDirectorSell2,000$45.00$90,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Ocwen Financial Corporation (NYSE:OCN)
DateHeadline
News IconStock under Discussion: Anavex Life Sciences Corp. (NASDAQ:AVXL), Ocwen Financial Corporation (NYSE:OCN) - Newburgh Press (NYSE:OCN)
newburghpress.com - September 26 at 11:16 AM
gurufocus.com logo10 Stocks Murray Stahl Is Buying (NYSE:OCN)
www.gurufocus.com - September 23 at 6:03 PM
News IconStearns Picks up KB Home JV; Ocwen News; Impact of Prepayments Increasing (NYSE:OCN)
www.mortgagenewsdaily.com - September 23 at 11:16 AM
capitalcube.com logoETF’s with exposure to Ocwen Financial Corp. : September 23, 2016 (NYSE:OCN)
www.capitalcube.com - September 23 at 11:16 AM
News IconMy Watchlist for Friday, September 23 (NYSE:OCN)
ac-investor.blogspot.com - September 22 at 6:15 PM
News IconStock under Consideration: Ocwen Financial Corporation (NYSE ... - Newburgh Press (NYSE:OCN)
newburghpress.com - September 21 at 6:10 PM
News IconThe Key Numbers To Watch From Ocwen Financial Corporation (NYSE:OCN)'s Earnings - The Voice Registrar (NYSE:OCN)
voiceregistrar.com - September 21 at 6:10 PM
4-traders.com logoOcwen Financial : Announces Pricing of $500 Million OMART Servicing Advance Securitization (NYSE:OCN)
www.4-traders.com - September 18 at 10:48 AM
4-traders.com logoOcwen Financial : Outperforms Under The U.S. Department of the Treasurys New Streamlined Modification Program (NYSE:OCN)
www.4-traders.com - September 17 at 6:04 PM
News IconAnalysts Valuations For Two Stocks: Cliffs Natural Resources Inc ... - The Voice Registrar (NYSE:OCN)
voiceregistrar.com - September 16 at 6:21 PM
4-traders.com logoOcwen Financial : Outperforms Under The U.S. Department of the Treasury's New Streamlined Modification Program (NYSE:OCN)
www.4-traders.com - September 16 at 10:02 AM
News IconAnalysts Valuations For Two Stocks: Cliffs Natural Resources Inc (NYSE:CLF), Ocwen Financial Corp (NYSE:OCN) - The Voice Registrar (NYSE:OCN)
voiceregistrar.com - September 16 at 10:02 AM
finance.yahoo.com logoOcwen Outperforms Under The U.S. Department of the Treasury’s New Streamlined Modification Program (NYSE:OCN)
finance.yahoo.com - September 16 at 10:02 AM
publicnow.com logoOcwen Outperforms Under The U.S. Department of the Treasury's New Streamlined Modification Program (NYSE:OCN)
www.publicnow.com - September 16 at 10:02 AM
News IconOcwen Financial Corporation (NYSE: OCN) Upgraded at Compass Point - BNB Daily (blog) (NYSE:OCN)
www.baseball-news-blog.com - September 15 at 6:36 PM
News IconAnalysts Valuations For Two Stocks: Ocwen Financial Corp (NYSE:OCN), Oclaro, Inc. (NASDAQ:OCLR) - The Voice Registrar (NYSE:OCN)
voiceregistrar.com - September 15 at 10:00 AM
capitalcube.com logoETF’s with exposure to Ocwen Financial Corp. : September 9, 2016 (NYSE:OCN)
www.capitalcube.com - September 9 at 6:11 PM
bizjournals.com logoMortgage servicing giant in hot water with regulators (NYSE:OCN)
www.bizjournals.com - September 8 at 6:18 PM
seekingalpha.com logoOcwen higher on Monitor progress - Seeking Alpha (NYSE:OCN)
seekingalpha.com - September 8 at 10:22 AM
News IconAnalysts Valuations For Two Stocks: Ocwen Financial Corp (NYSE ... - The Voice Registrar (NYSE:OCN)
voiceregistrar.com - September 7 at 10:06 AM
News IconPlacing Ocwen Financial Corporation (NYSE:OCN) Shares Under the Microscope - Post News (NYSE:OCN)
www.kentuckypostnews.com - September 6 at 11:17 AM
insidermonkey.com logoOcwen Financial Corp (OCN): Kingstown Capital Management Lowers Stake - Insider Monkey (blog) (NYSE:OCN)
www.insidermonkey.com - September 6 at 11:17 AM
News IconOcwen Financial Corp (OCN): Kingstown Capital Management Lowers Stake (NYSE:OCN)
feedproxy.google.com - September 5 at 6:34 AM
feeds.reuters.com logoBRIEF-Michael Blitzer reports 7.66 pct stake in Ocwen Financial Corp (NYSE:OCN)
feeds.reuters.com - September 2 at 6:46 PM
News IconOcwen Financial Corp.'s (OCN): Sizzling Stock - Hot Stocks Point (NYSE:OCN)
www.hotstockspoint.com - September 1 at 9:43 AM
marketexclusive.com logoWhat’s Ocwen Financial Corp (NYSE:OCN) After In Des Moines? (NYSE:OCN)
marketexclusive.com - August 31 at 11:35 AM
News IconStock Roundup - Ocwen Financial Corp.'s (OCN) - Hot Stocks Point (NYSE:OCN)
www.hotstockspoint.com - August 31 at 11:35 AM
News IconAnalysts Valuations For Two Stocks: Ocwen Financial Corp (NYSE:OCN), Cobalt International Energy, Inc. (NYSE:CIE) - The Voice Registrar (NYSE:OCN)
voiceregistrar.com - August 31 at 11:35 AM
News IconOverbuying Stock on Analysts Radar: Ocwen Financial Corp (NYSE:OCN) - Post Registrar (NYSE:OCN)
postregistrar.com - August 31 at 11:35 AM
finance.yahoo.com logoOcwen and NAACP to Hold Homeowner Outreach Event in Washington State (NYSE:OCN)
finance.yahoo.com - August 30 at 6:32 PM
finance.yahoo.com logoOcwen Well Poised For Growth, Regulatory Probes Persist (NYSE:OCN)
finance.yahoo.com - August 30 at 9:54 AM
thecountrycaller.com logoOcwen Financial Corp (NYSE:OCN) Shares Rise Following WA-DFI ... - TCC (NYSE:OCN)
www.thecountrycaller.com - August 27 at 10:51 AM
thecountrycaller.com logoOcwen Financial Corp (OCN) Shares Rise Following WA-DFI Consent Order Agreement (NYSE:OCN)
www.thecountrycaller.com - August 26 at 6:19 PM
benzinga.com logo10 Stocks Moving In Friday's Pre-Market Session - Benzinga (NYSE:OCN)
www.benzinga.com - August 26 at 9:36 AM
biz.yahoo.com logoOCWEN FINANCIAL CORP Files SEC form 8-K, Other Events (NYSE:OCN)
biz.yahoo.com - August 25 at 6:35 PM
seekingalpha.com logoFormer bear grows even more bullish on Ocwen Financial (NYSE:OCN)
seekingalpha.com - August 23 at 11:00 AM
capitalcube.com logoETF’s with exposure to Ocwen Financial Corp. : August 22, 2016 (NYSE:OCN)
www.capitalcube.com - August 22 at 6:33 PM
stocksdaily.net logoOcwen Financial Corporation (NYSE:OCN): The Buzzing Stock ... - Stocks Daily (NYSE:OCN)
www.stocksdaily.net - August 21 at 10:40 AM
istreetwire.com logoStocks in the Spotlight: Reynolds American Inc. (RAI), Ocwen Financial Corp. (OCN), The Gap, Inc. (GPS) - iStreetWire (NYSE:OCN)
istreetwire.com - August 17 at 6:53 PM
streetinsider.com logoOcwen Financial (OCN) Completes OMART Refinancing (NYSE:OCN)
www.streetinsider.com - August 16 at 9:53 AM
seekingalpha.com logoPHH Corporation - Company Sell-Off Rumors Could Yield Solid Gains (NYSE:OCN)
seekingalpha.com - August 15 at 6:56 PM
News IconOct OCN Calls Trade (NYSE:OCN)
www.theoptionsinsider.com - August 10 at 7:02 PM
News IconBrokerage Recom. Worth Watching: Ocwen Financial Corp (NYSE:OCN) - The Voice Registrar (NYSE:OCN)
voiceregistrar.com - August 9 at 6:52 PM
News IconAnalyst Research and Ratings: Ocwen Financial Corp. (NYSE:OCN), Las Vegas Sands Corp. (NYSE:LVS) - TWN (NYSE:OCN)
thewellesleysnews.com - August 9 at 6:52 PM
streetinsider.com logoPiper Jaffray Cuts Price Target on Ocwen Financial (OCN) to $2; Remains Sidelined (NYSE:OCN)
www.streetinsider.com - August 8 at 6:47 PM
capitalcube.com logoETF’s with exposure to Ocwen Financial Corp. : August 8, 2016 (NYSE:OCN)
www.capitalcube.com - August 8 at 6:47 PM
streetinsider.com logoPiper Jaffray Cuts Price Target on Ocwen Financial (OCN) to $2; Remains Sidelined - StreetInsider.com (NYSE:OCN)
www.streetinsider.com - August 8 at 11:18 AM
seekingalpha.com logoOcwen shareholder stumps for S&P upgrade - Seeking Alpha (NYSE:OCN)
seekingalpha.com - August 8 at 11:18 AM
capitalcube.com logoOcwen Financial Corp. :OCN-US: Earnings Analysis: Q2, 2016 By the Numbers : August 5, 2016 (NYSE:OCN)
www.capitalcube.com - August 5 at 6:48 PM
finance.yahoo.com logoOCWEN FINANCIAL CORP Financials (NYSE:OCN)
finance.yahoo.com - August 4 at 7:00 PM

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Ocwen Financial Corporation (NYSE:OCN) Chart for Tuesday, September, 27, 2016


Last Updated on 9/27/2016 by MarketBeat.com Staff