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: $3.18
  • 50 Day Moving Average: $2.36
  • 200 Day Moving Average: $2.55
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -2.49
  • P/E Growth: -0.47
  • Market Cap: $420.31M
  • Outstanding Shares: 123,986,000
  • Beta: 1.2
Additional Links:
Companies Related to Ocwen Financial Corporation:

Analyst Ratings

Consensus Ratings for Ocwen Financial Corporation (NYSE:OCN) (?)
Ratings Breakdown: 1 Sell Rating, 5 Hold Ratings
Consensus Rating:Hold (Score: 1.83)
Consensus Price Target: $2.60 (23.30% downside)

Analysts' Ratings History for Ocwen Financial Corporation (NYSE:OCN)
Show:
DateFirmActionRatingPrice TargetDetails
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
4/28/2016Compass PointLower Price TargetNeutral$4.00 -> $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 8/27/2014 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: $-2.38 EPS
Next Year EPS Consensus Estimate: $-1.36 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)
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
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
twst.com logoOcwen Financial Corporation: Ocwen Financial Announces Pricing of $500 Million OMART Servicing Advance Securitization (NYSE:OCN)
www.twst.com - August 4 at 9:45 AM
finance.yahoo.com logo6:32 am Ocwen Fincl announces pricing of $500 mln Ocwen Master Advance Receivables Trust servicing advance securitization (NYSE:OCN)
finance.yahoo.com - August 4 at 9:45 AM
publicnow.com logoOcwen Financial Announces Pricing of $500 Million OMART Servicing Advance Securitization (NYSE:OCN)
www.publicnow.com - August 4 at 9:45 AM
streetupdates.com logoNotable Buzzers: Host Hotels & Resorts, Inc. (NYSE:HST) , Ocwen Financial Corporation (NYSE:OCN) - Street Updates (NYSE:OCN)
www.streetupdates.com - August 2 at 6:56 PM
istreetwire.com logoStocks Highlights: Ocwen Financial Corp. (OCN), Automatic Data Processing, Inc. (ADP), Carnival Corporation (CCL) - iStreetWire (NYSE:OCN)
istreetwire.com - August 1 at 11:15 AM
tradecalls.org logoOcwen Financial Corporation (OCN) Shares are Up 25% – Trade Calls - Trade Calls (NYSE:OCN)
www.tradecalls.org - August 1 at 11:15 AM
News IconRevenue Estimates for Investors: Ocwen Financial Corp. (NYSE ... - News Oracle (NYSE:OCN)
www.newsoracle.com - July 30 at 5:59 PM
streetupdates.com logoLatest Analysts Tips Update: Wells Fargo & Company (NYSE:WFC) , Ocwen Financial Corporation (NYSE:OCN) - Street Updates (NYSE:OCN)
www.streetupdates.com - July 29 at 9:39 AM
fortune.com logoOcwen Financial Corp. (NYSE:OCN) Insiders Seem Vary About Prospects - Review Fortune (NYSE:OCN)
reviewfortune.com - July 29 at 9:39 AM
fortune.com logoNoticeable Runners in Pre-Market: Infinera Corp.(NASDAQ:INFN), Ocwen Financial Corp(NYSE:OCN) - Review Fortune (NYSE:OCN)
reviewfortune.com - July 28 at 6:50 PM
thestreet.com logoOcwen Financial (OCN) Stock Spikes on Q2 Revenue Beat (NYSE:OCN)
www.thestreet.com - July 28 at 1:25 PM
fool.com logoOcwen Financial's Second Quarter Pleases Wall Street (NYSE:OCN)
www.fool.com - July 28 at 12:56 PM
4-traders.com logoOcwen Financial : reports 2Q loss (NYSE:OCN)
www.4-traders.com - July 28 at 9:48 AM
globenewswire.com logoOcwen Financial Announces Operating Results For Second Quarter 2016 - GlobeNewswire (press release) (NYSE:OCN)
globenewswire.com - July 28 at 9:48 AM
finance.yahoo.com logoHere's Why Ocwen (OCN) Stock Surged 25% Despite Q2 Loss (NYSE:OCN)
finance.yahoo.com - July 28 at 8:37 AM
biz.yahoo.com logoOCWEN FINANCIAL CORP Files SEC form 10-Q, Quarterly Report (NYSE:OCN)
biz.yahoo.com - July 28 at 6:09 AM
finance.yahoo.com logoEdited Transcript of OCN earnings conference call or presentation 27-Jul-16 9:00pm GMT (NYSE:OCN)
finance.yahoo.com - July 28 at 2:57 AM
seekingalpha.com logoOcwen Financial soars on settlement with California (NYSE:OCN)
seekingalpha.com - July 27 at 8:46 PM
sg.finance.yahoo.com logoOcwen reports 2Q loss (NYSE:OCN)
sg.finance.yahoo.com - July 27 at 7:20 PM
biz.yahoo.com logoQ2 2016 Ocwen Financial Corp Earnings Release - After Market Close (NYSE:OCN)
biz.yahoo.com - July 27 at 7:07 AM
News IconRevenue Estimates for Investors: Ocwen Financial Corp. (NYSE:OCN) - News Oracle (NYSE:OCN)
www.newsoracle.com - July 26 at 6:55 PM
capitalcube.com logoETF’s with exposure to Ocwen Financial Corp. : July 26, 2016 (NYSE:OCN)
www.capitalcube.com - July 26 at 12:54 PM
News IconOcwen Financial Corp. (NYSE:OCN) Near to Lift Curtain on June 2016 Earnings - The Voice Registrar (NYSE:OCN)
voiceregistrar.com - July 23 at 6:08 PM
fortune.com logoOcwen Financial Corp. (NYSE:OCN) Stock Declines, Analysts: Hold Rating - Review Fortune (NYSE:OCN)
reviewfortune.com - July 23 at 6:08 PM
finance.yahoo.com logoOcwen Financial Corporation Schedules Conference Call - 2nd Quarter 2016 Results (NYSE:OCN)
finance.yahoo.com - July 21 at 7:30 AM
seekingalpha.com logoOcwen pays down more debt - Seeking Alpha (NYSE:OCN)
seekingalpha.com - July 20 at 7:23 PM
forbes.com logoAs CFPB Hits Fifth Birthday, Not Everyone Is Celebrating (NYSE:OCN)
www.forbes.com - July 20 at 3:17 PM
ftsenews.co.uk logoOcwen Financial Corporation (NYSE:OCN) Updated Price Targets - FTSE News (NYSE:OCN)
www.ftsenews.co.uk - July 20 at 9:30 AM
news.cmlviz.com logoOcwen Financial Corp. (NYSE:OCN) Fundamental Star Rating Report - CML News (NYSE:OCN)
news.cmlviz.com - July 20 at 9:30 AM
feeds.reuters.com logoBRIEF-Ocwen Financial pays down about $26.3 mln of senior term loan (NYSE:OCN)
feeds.reuters.com - July 20 at 6:31 AM
biz.yahoo.com logoOCWEN FINANCIAL CORP Files SEC form 8-K, Regulation FD Disclosure (NYSE:OCN)
biz.yahoo.com - July 20 at 6:02 AM

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Ocwen Financial Corporation (NYSE:OCN) Chart for Saturday, August, 27, 2016


Last Updated on 8/27/2016 by MarketBeat.com Staff