Ocwen Financial Corporation Company Profile (NYSE:OCN)

About Ocwen Financial Corporation (NYSE:OCN)

Ocwen Financial Corporation logoOcwen Financial Corporation is a financial services holding company. The Company, through its subsidiaries, originates and services loans. The Company's segments include Servicing, Lending, and Corporate Items and Other. The Company's Servicing segment consists of its 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 revenues and expenses of Automotive Capital Services (ACS) and its other business activities. Its servicing clients include some of the financial institutions in the United States, including the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), the Government National Mortgage Association (Ginnie Mae) and non-Agency residential mortgage-backed securities (RMBS) trusts.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Retail & Mortgage Banks
  • Sub-Industry: Thrifts & Mortgage Finance
  • Symbol: NYSE:OCN
  • CUSIP: 67574630
  • Web: www.ocwen.com
Capitalization:
  • Market Cap: $476.33 million
  • Outstanding Shares: 130,859,000
Average Prices:
  • 50 Day Moving Avg: $3.23
  • 200 Day Moving Avg: $3.11
  • 52 Week Range: $2.12 - $6.15
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -3.32
  • P/E Growth: -1.40
Sales & Book Value:
  • Annual Revenue: $1.32 billion
  • Price / Sales: 0.37
  • Book Value: $4.63 per share
  • Price / Book: 0.80
Profitability:
  • EBITDA: $352.81 million
  • Net Margins: -5.95%
  • Return on Equity: -12.41%
  • Return on Assets: -1.01%
Debt:
  • Debt-to-Equity Ratio: 9.63%
  • Current Ratio: 4.50%
  • Quick Ratio: 4.50%
Misc:
  • Average Volume: 1.24 million shs.
  • Beta: 1.27
  • Short Ratio: 12.73
 

Frequently Asked Questions for Ocwen Financial Corporation (NYSE:OCN)

What is Ocwen Financial Corporation's stock symbol?

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

How were Ocwen Financial Corporation's earnings last quarter?

Ocwen Financial Corporation (NYSE:OCN) released its quarterly earnings data on Wednesday, August, 2nd. The company reported ($0.36) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by $0.17. The company had revenue of $311.30 million for the quarter, compared to analyst estimates of $295.33 million. Ocwen Financial Corporation had a negative return on equity of 12.41% and a negative net margin of 5.95%. The firm's revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.71) EPS. View Ocwen Financial Corporation's Earnings History.

When will Ocwen Financial Corporation make its next earnings announcement?

Ocwen Financial Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for Ocwen Financial Corporation.

Where is Ocwen Financial Corporation's stock going? Where will Ocwen Financial Corporation's stock price be in 2017?

5 brokerages have issued 12 month price targets for Ocwen Financial Corporation's shares. Their forecasts range from $3.00 to $3.50. On average, they expect Ocwen Financial Corporation's stock price to reach $3.33 in the next year. View Analyst Ratings for Ocwen Financial Corporation.

Who are some of Ocwen Financial Corporation's key competitors?

Who are Ocwen Financial Corporation's key executives?

Ocwen Financial Corporation's management team includes the folowing people:

  • Phyllis R. Caldwell, Independent Chairman of the Board
  • Ronald M. Faris, President, Chief Executive Officer, Director
  • Michael R. Bourque Jr., Chief Financial Officer, Executive Vice President
  • John V. Britti, Executive Vice President, Chief Investment Officer
  • Timothy M. Hayes, Executive Vice President, General Counsel, Secretary
  • Scott W. Anderson, Executive Vice President and Chief Servicing Officer
  • Catherine M. Dondzila, Senior Vice President, Chief Accounting Officer
  • Arthur C. Walker Jr., Senior Vice President, Global Tax
  • Otto J. Kumbar, Vice President
  • Alan J. Bowers, Independent Director

How do I buy Ocwen Financial Corporation stock?

Shares of Ocwen Financial Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Ocwen Financial Corporation's stock price today?

One share of Ocwen Financial Corporation stock can currently be purchased for approximately $3.69.


MarketBeat Community Rating for Ocwen Financial Corporation (NYSE OCN)
Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  210 (Vote Outperform)
Underperform Votes:  289 (Vote Underperform)
Total Votes:  499
MarketBeat's community ratings are surveys of what our community members think about Ocwen Financial Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Ocwen Financial Corporation (NYSE:OCN) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 5 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $3.33 (9.67% downside)
Consensus Price Target History for Ocwen Financial Corporation (NYSE:OCN)
Price Target History for Ocwen Financial Corporation (NYSE:OCN)
Analysts' Ratings History for Ocwen Financial Corporation (NYSE:OCN)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/16/2017Keefe, Bruyette & WoodsReiterated RatingHold$3.00HighView Rating Details
5/8/2017Oppenheimer Holdings, Inc.Reiterated RatingHoldLowView Rating Details
5/2/2017Compass PointDowngradeBuy -> NeutralHighView Rating Details
5/1/2017Piper Jaffray CompaniesUpgradeUnderweight -> Neutral$2.00 -> $3.50HighView Rating Details
10/27/2016CL KingDowngradeBuy -> NeutralN/AView Rating Details
3/29/2016Citigroup Inc.Boost Price TargetNeutral$2.50 -> $3.00N/AView Rating Details
3/3/2016Bank of America CorporationReiterated RatingUnderperform$8.00 -> $2.00N/AView Rating Details
(Data available from 10/18/2015 forward)

Earnings

Earnings History for Ocwen Financial Corporation (NYSE:OCN)
Earnings by Quarter for Ocwen Financial Corporation (NYSE:OCN)
Earnings History by Quarter for Ocwen Financial Corporation (NYSE OCN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/25/2017($0.28)N/AView Earnings Details
8/2/2017Q2 2017($0.19)($0.36)$295.33 million$311.30 millionViewListenView Earnings Details
5/3/2017Q1 2017($0.22)($0.26)$302.90 million$321.90 millionViewListenView Earnings Details
2/22/2017Q416($0.19)($0.08)$334.18 million$323.90 millionViewListenView Earnings Details
10/26/2016Q3($0.32)$0.08$353.08 million$359.40 millionViewListenView Earnings Details
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$478.50 million$510.44 millionViewN/AView Earnings Details
4/14/2015$0.35($1.42)$495.25 million$493.29 millionViewN/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)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q2 20171($0.27)($0.27)($0.27)
Q3 20171($0.38)($0.38)($0.38)
Q4 20171($0.39)($0.39)($0.39)
(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 and Institutional Ownership History for Ocwen Financial Corporation (NYSE:OCN)
Insider Ownership Percentage: 2.36%
Institutional Ownership Percentage: 48.51%
Insider Trades by Quarter for Ocwen Financial Corporation (NYSE:OCN)
Institutional Ownership by Quarter for Ocwen Financial Corporation (NYSE:OCN)
Insider Trades by Quarter for Ocwen Financial Corporation (NYSE:OCN)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/12/2017Michael T AnakaDirectorBuy35,500$0.29$10,295.00
9/28/2017Glenn HolmesDirectorBuy6,500$0.27$1,755.00
4/21/2017John DevaneyMajor ShareholderBuy4,301,934$2.66$11,443,144.44View SEC Filing  
4/20/2017John DevaneyMajor ShareholderBuy3,040,209$2.70$8,208,564.30View SEC Filing  
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

Headline Trends for Ocwen Financial Corporation (NYSE:OCN)
Latest Headlines for Ocwen Financial Corporation (NYSE:OCN)
Source:
DateHeadline
americanbankingnews.com logoOcwen Financial Corporation (OCN) Set to Announce Earnings on Wednesday
www.americanbankingnews.com - October 18 at 4:32 AM
americanbankingnews.com logoHead to Head Comparison: Ocwen Financial Corporation (OCN) and Its Peers
www.americanbankingnews.com - October 17 at 10:27 PM
americanbankingnews.com logoMichael T. Anaka Acquires 35,500 Shares of Ocwen Financial Corporation (OCN) Stock
www.americanbankingnews.com - October 17 at 4:28 AM
seekingalpha.com logoTwo more state settlements for Ocwen Financial - Seeking Alpha - Seeking Alpha
seekingalpha.com - October 13 at 7:39 AM
globenewswire.com logoOcwen CEO Hosts Eighth Annual Advocacy and Policy Forum - GlobeNewswire (press release)
globenewswire.com - October 12 at 7:48 AM
finance.yahoo.com logoETFs with exposure to Ocwen Financial Corp. : October 11, 2017
finance.yahoo.com - October 12 at 7:48 AM
finance.yahoo.com logoETFs with exposure to Ocwen Financial Corp. : October 11, 2017
finance.yahoo.com - October 12 at 7:48 AM
americanbankingnews.com logoHead-To-Head Comparison: Ocwen Financial Corporation (OCN) & Its Peers
www.americanbankingnews.com - October 10 at 6:28 PM
americanbankingnews.com logoOcwen Financial Corporation (OCN) Expected to Announce Earnings of -$0.38 Per Share
www.americanbankingnews.com - October 8 at 12:24 PM
americanbankingnews.com logoOcwen Financial Corporation (OCN) & People's United Financial (PBCT) Head to Head Contrast
www.americanbankingnews.com - October 8 at 2:14 AM
finance.yahoo.com logoCorporate News Blog - Ocwen Settles Case with Three More States; Brings Tally to 15 States
finance.yahoo.com - October 7 at 6:51 AM
globenewswire.com logoOcwen Engages Christopher Whalen as Senior Consultant - GlobeNewswire (press release)
globenewswire.com - October 5 at 6:38 PM
reuters.com logoU.S. regulator eases part of new mortgage servicing rules
www.reuters.com - October 5 at 1:34 PM
finance.yahoo.com logoOcwen Engages Christopher Whalen as Senior Consultant
finance.yahoo.com - October 5 at 1:34 PM
finance.yahoo.com logoOcwen Financial Corp. :OCN-US: Earnings Analysis: Q2, 2017 By the Numbers : September 25, 2017
finance.yahoo.com - October 2 at 7:40 PM
finance.yahoo.com logoETFs with exposure to Ocwen Financial Corp. : September 26, 2017
finance.yahoo.com - October 2 at 7:40 PM
americanbankingnews.com logoComparing Ocwen Financial Corporation (OCN) & Berkshire Hills Bancorp (BHLB)
www.americanbankingnews.com - October 1 at 2:40 PM
seekingalpha.com logoOcwen comes to term with 10 states - Seeking Alpha
seekingalpha.com - September 30 at 5:41 PM
seekingalpha.com logoOcwen Financial Corporation (OCN)
seekingalpha.com - September 29 at 5:33 PM
nasdaq.com logoMid-Day ETF Update: Mostly Higher As Investors Weigh Hawkish Fed Comments, Tax Cut Plans and Quarter End
www.nasdaq.com - September 29 at 12:54 PM
americanbankingnews.com logoOcwen Financial Corporation (OCN) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - September 24 at 8:43 AM
americanbankingnews.com logoCritical Survey: Cathay General Bancorp (CATY) and Ocwen Financial Corporation (OCN)
www.americanbankingnews.com - September 24 at 2:18 AM
americanbankingnews.com logoCritical Comparison: Ocwen Financial Corporation (OCN) versus BankUnited (BKU)
www.americanbankingnews.com - September 22 at 9:02 AM
americanbankingnews.com logoHead to Head Review: Ocwen Financial Corporation (OCN) versus Its Rivals
www.americanbankingnews.com - September 20 at 2:22 PM
americanbankingnews.com logoReviewing Walker & Dunlop (WD) & Ocwen Financial Corporation (OCN)
www.americanbankingnews.com - September 14 at 10:22 PM
americanbankingnews.com logoMeta Financial Group (CASH) & Ocwen Financial Corporation (OCN) Financial Review
www.americanbankingnews.com - September 13 at 9:44 AM
globenewswire.com logoOcwen Releases Borrower Assistance Results for First Half of 2017 - GlobeNewswire (press release)
www.globenewswire.com - August 31 at 8:12 AM
americanbankingnews.com logoOcwen Financial Corporation (OCN) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - August 30 at 8:55 AM
finance.yahoo.com logoOcwen Releases Borrower Assistance Results for First Half of 2017
finance.yahoo.com - August 30 at 7:30 AM
finance.yahoo.com logoOcwen Financial Corp. breached its 50 day moving average in a Bearish Manner : OCN-US : August 16, 2017
finance.yahoo.com - August 17 at 6:26 AM
americanbankingnews.com logoOcwen Financial Corporation (OCN) versus First Bank (FRBA) Financial Review
www.americanbankingnews.com - August 17 at 2:10 AM
americanbankingnews.com logoOcwen Financial Corporation's (OCN) Hold Rating Reaffirmed at Keefe, Bruyette & Woods
www.americanbankingnews.com - August 16 at 7:40 PM
americanbankingnews.com logoContrasting Meta Financial Group (CASH) & Ocwen Financial Corporation (OCN)
www.americanbankingnews.com - August 15 at 8:30 PM
americanbankingnews.com logo-$0.38 EPS Expected for Ocwen Financial Corporation (OCN) This Quarter
www.americanbankingnews.com - August 13 at 8:08 PM
seekingalpha.com logoOcwen Financial's (OCN) CEO Ron Faris on Q2 2017 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - August 6 at 1:15 AM
americanbankingnews.com logoOcwen Financial Corporation (OCN) Given Average Rating of "Hold" by Analysts
www.americanbankingnews.com - August 5 at 8:30 AM
globenewswire.com logoOcwen Financial Announces Preliminary Operating Results for Second Quarter 2017 - GlobeNewswire (press release)
www.globenewswire.com - August 4 at 6:34 AM
nasdaq.com logoOcwen (OCN) Incurs Q2 Preliminary Loss, Revenues Decline - Nasdaq
www.nasdaq.com - August 4 at 6:34 AM
finance.yahoo.com logoOcwen (OCN) Incurs Q2 Preliminary Loss, Revenues Decline
finance.yahoo.com - August 4 at 6:34 AM
finance.yahoo.com logoEdited Transcript of OCN earnings conference call or presentation 2-Aug-17 12:30pm GMT
finance.yahoo.com - August 4 at 6:34 AM
finance.yahoo.com logoETFs with exposure to Ocwen Financial Corp. : August 4, 2017
finance.yahoo.com - August 4 at 6:34 AM
finance.yahoo.com logoOcwen reports 2Q loss
finance.yahoo.com - August 3 at 6:31 AM
americanbankingnews.com logoOcwen Financial Corporation (NYSE:OCN) Announces Quarterly Earnings Results
www.americanbankingnews.com - August 2 at 6:46 PM
finance.yahoo.com logoOcwen Financial Announces Preliminary Operating Results for Second Quarter 2017
finance.yahoo.com - August 2 at 6:32 AM
americanbankingnews.com logoOcwen Financial Corporation (OCN) & America First Multifamily Investors, L.P. (ATAX) Financial Survey
www.americanbankingnews.com - August 1 at 8:58 AM
americanbankingnews.com logoOcwen Financial Corporation (OCN) Scheduled to Post Quarterly Earnings on Wednesday
www.americanbankingnews.com - July 27 at 2:18 PM
americanbankingnews.com logo-$0.19 EPS Expected for Ocwen Financial Corporation (NYSE:OCN) This Quarter
www.americanbankingnews.com - July 26 at 4:13 PM
globenewswire.com logoOcwen Financial Corporation Schedules Conference Call - 2nd Quarter 2017 Results
globenewswire.com - July 26 at 4:05 PM
finance.yahoo.com logoCorporate News Blog - New Residential Investment and Ocwen Financial Announce Agreement Relating to Mortgage Servicing Rights Transfer and Subservicing Agreement
finance.yahoo.com - July 26 at 4:05 PM
finance.yahoo.com logoOcwen Financial Corporation Schedules Conference Call - 2nd Quarter 2017 Results
finance.yahoo.com - July 26 at 4:05 PM

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Chart

Ocwen Financial Corporation (OCN) Chart for Wednesday, October, 18, 2017

This page was last updated on 10/18/2017 by MarketBeat.com Staff

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