NYSE:OCN - Ocwen Financial Stock Price, Price Target & More

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$4.16 +0.04 (+0.97 %)
(As of 07/16/2018 04:00 PM ET)
Previous Close$4.12
Today's Range$4.09 - $4.20
52-Week Range$2.65 - $4.84
Volume370,900 shs
Average Volume1.14 million shs
Market Capitalization$551.73 million
P/E Ratio-4.43
Dividend YieldN/A
Beta1.18
Ocwen Financial logoOcwen Financial Corporation, a financial services holding company, originates and services loans in the United States, the United States Virgin Islands, India, and Philippines. Its Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset management services to owners of mortgage loans and foreclosed real estate. This segment's residential servicing portfolio includes conventional, government insured, and non-agency loans. The company's Lending segment originates and purchases conventional and government-insured residential forward and reverse mortgage loans primarily through its correspondent lending arrangements, broker relationships, and directly with mortgage customers. The company also provides short-term inventory-secured loans to independent used car dealers to finance their inventory. Ocwen Financial Corporation was founded in 1988 and is headquartered in West Palm Beach, Florida.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Mortgage bankers & correspondents
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
SymbolNYSE:OCN
CUSIP67574630
Phone561-682-8000

Debt

Debt-to-Equity Ratio10.16
Current Ratio7.02
Quick Ratio7.02

Price-To-Earnings

Trailing P/E Ratio-4.43
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$1.19 billion
Price / Sales0.47
Cash FlowN/A
Price / CashN/A
Book Value$4.10 per share
Price / Book1.01

Profitability

EPS (Most Recent Fiscal Year)($0.94)
Net Income$-127,960,000.00
Net Margins-8.18%
Return on Equity-14.22%
Return on Assets-1.02%

Miscellaneous

Employees7,600
Outstanding Shares133,910,000
Market Cap$551.73

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Ocwen Financial (NYSE:OCN) Frequently Asked Questions

What is Ocwen Financial's stock symbol?

Ocwen Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "OCN."

How were Ocwen Financial's earnings last quarter?

Ocwen Financial Corp (NYSE:OCN) released its quarterly earnings data on Wednesday, May, 2nd. The financial services provider reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of ($0.33) by $0.35. The financial services provider earned $260.26 million during the quarter, compared to analyst estimates of $268 million. Ocwen Financial had a negative return on equity of 14.22% and a negative net margin of 8.18%. The business's quarterly revenue was down 19.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.26) earnings per share. View Ocwen Financial's Earnings History.

When is Ocwen Financial's next earnings date?

Ocwen Financial is scheduled to release their next quarterly earnings announcement on Wednesday, August, 1st 2018. View Earnings Estimates for Ocwen Financial.

What price target have analysts set for OCN?

1 brokers have issued 12 month target prices for Ocwen Financial's stock. Their predictions range from $3.00 to $3.00. On average, they expect Ocwen Financial's share price to reach $3.00 in the next year. This suggests that the stock has a possible downside of 27.9%. View Analyst Ratings for Ocwen Financial.

What is the consensus analysts' recommendation for Ocwen Financial?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ocwen Financial in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold."

Who are some of Ocwen Financial's key competitors?

Who are Ocwen Financial's key executives?

Ocwen Financial's management team includes the folowing people:
  • Mr. Ronald M. Faris, Pres & CEO (Age 55)
  • Mr. John V. Britti, Exec. VP & Chief Investment Officer (Age 58)
  • Mr. Scott William Anderson, Exec. VP & Chief Servicing Officer (Age 49)
  • Mr. Arthur C. Walker Jr., Sr. VP, Global Tax (Age 47)
  • Ms. Catherine M. Dondzila, Sr. VP & Chief Accounting Officer (Age 55)

Has Ocwen Financial been receiving favorable news coverage?

Press coverage about OCN stock has trended somewhat positive this week, according to Accern. The research firm identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ocwen Financial earned a coverage optimism score of 0.10 on Accern's scale. They also gave news coverage about the financial services provider an impact score of 45.85 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.

Who are Ocwen Financial's major shareholders?

Ocwen Financial's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Berson & Corrado Investment Advisors LLC (0.05%) and Campbell & CO Investment Adviser LLC (0.03%). Company insiders that own Ocwen Financial stock include Glenn Holmes, John Devaney, Leon G Cooperman and Michael T Anaka. View Institutional Ownership Trends for Ocwen Financial.

Which major investors are selling Ocwen Financial stock?

OCN stock was sold by a variety of institutional investors in the last quarter, including Berson & Corrado Investment Advisors LLC. View Insider Buying and Selling for Ocwen Financial.

Which major investors are buying Ocwen Financial stock?

OCN stock was acquired by a variety of institutional investors in the last quarter, including Campbell & CO Investment Adviser LLC. Company insiders that have bought Ocwen Financial stock in the last two years include Glenn Holmes, John Devaney, Leon G Cooperman and Michael T Anaka. View Insider Buying and Selling for Ocwen Financial.

How do I buy shares of Ocwen Financial?

Shares of OCN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Ocwen Financial's stock price today?

One share of OCN stock can currently be purchased for approximately $4.16.

How big of a company is Ocwen Financial?

Ocwen Financial has a market capitalization of $551.73 million and generates $1.19 billion in revenue each year. The financial services provider earns $-127,960,000.00 in net income (profit) each year or ($0.94) on an earnings per share basis. Ocwen Financial employs 7,600 workers across the globe.

How can I contact Ocwen Financial?

Ocwen Financial's mailing address is 1661 WORTHINGTON ROAD SUITE 100, WEST PALM BEACH FL, 33409. The financial services provider can be reached via phone at 561-682-8000 or via email at [email protected]


MarketBeat Community Rating for Ocwen Financial (NYSE OCN)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  268 (Vote Outperform)
Underperform Votes:  330 (Vote Underperform)
Total Votes:  598
MarketBeat's community ratings are surveys of what our community members think about Ocwen Financial and other stocks. Vote "Outperform" if you believe OCN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OCN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 7/16/2018 by MarketBeat.com Staff

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