NYSE:OCN - Ocwen Financial Stock Price, News, & Analysis

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$1.86 -0.01 (-0.53 %)
(As of 01/18/2019 04:00 PM ET)
Previous Close$1.86
Today's Range$1.85 - $1.93
52-Week Range$1.20 - $4.84
Volume432,668 shs
Average Volume987,588 shs
Market Capitalization$250.42 million
P/E RatioN/A
Dividend YieldN/A
Beta1.45
Ocwen 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

Industry Mortgage bankers & correspondents
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
CUSIP67574630
Phone561-682-8000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.19 billion
Book Value$4.10 per share

Profitability

Net Income$-127,960,000.00

Miscellaneous

Employees7,600
Market Cap$250.42 million
OptionableOptionable

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 results on Tuesday, November, 6th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.16) by $0.15. The financial services provider had revenue of $238.30 million for the quarter, compared to the consensus estimate of $241 million. Ocwen Financial had a negative net margin of 10.97% and a negative return on equity of 13.76%. The firm's revenue was down 16.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) 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, February 27th 2019. View Earnings Estimates for Ocwen Financial.

What price target have analysts set for OCN?

2 analysts have issued 12 month price objectives for Ocwen Financial's shares. Their predictions range from $4.00 to $4.00. On average, they anticipate Ocwen Financial's share price to reach $4.00 in the next twelve months. This suggests a possible upside of 115.1% from the stock's current price. View Analyst Price Targets for Ocwen Financial.

What is the consensus analysts' recommendation for Ocwen Financial?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ocwen Financial in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Ocwen Financial.

Has Ocwen Financial been receiving favorable news coverage?

News articles about OCN stock have trended somewhat positive on Saturday, InfoTrie reports. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ocwen Financial earned a coverage optimism score of 1.7 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days.

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. 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)
  • Mr. Glen A. Messina, CEO, Pres & Director (Age 56)
  • Ms. Catherine M. Dondzila, Sr. VP, Chief Accounting Officer & Principal Financial Officer (Age 55)

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 $1.86.

How big of a company is Ocwen Financial?

Ocwen Financial has a market capitalization of $250.42 million and generates $1.19 billion in revenue each year. Ocwen Financial employs 7,600 workers across the globe.

What is Ocwen Financial's official website?

The official website for Ocwen Financial is http://www.ocwen.com.

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:  285 (Vote Outperform)
Underperform Votes:  354 (Vote Underperform)
Total Votes:  639
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 1/19/2019 by MarketBeat.com Staff

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