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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NYSE:OCN

Ocwen Financial Stock Forecast, Price & News

$27.49
+0.09 (+0.33%)
(As of 07/1/2022 12:00 AM ET)
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Today's Range
$26.85
$27.87
50-Day Range
$17.99
$29.27
52-Week Range
$17.76
$41.92
Volume
104,986 shs
Average Volume
141,622 shs
Market Capitalization
$254.28 million
P/E Ratio
3.96
Dividend Yield
N/A
Price Target
$50.00

Ocwen Financial MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
81.9% Upside
$50.00 Price Target
Short Interest
Healthy
5.18% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.28mentions of Ocwen Financial in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$162.73 K Bought Last Quarter
Proj. Earnings Growth
-19.69%
From $6.50 to $5.22 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

1.96 out of 5 stars

Finance Sector

557th out of 1,392 stocks

Mortgage Bankers & Correspondents Industry

7th out of 8 stocks

30 days | 90 days | 365 days | Advanced Chart

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Ocwen Financial logo

About Ocwen Financial (NYSE:OCN) Stock

Ocwen Financial Corporation, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. The company operates through Servicing and Originations segments. It provides commercial mortgage loan servicing, special servicing, and asset management services, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans to owners of mortgage loans and foreclosed real estate. The company also originates and purchases conventional and government-insured residential forward and reverse mortgage loans through its correspondent lending arrangements, broker relationships, and retail channels. Ocwen Financial Corporation serves primarily under the PHH Mortgage and Liberty Reverse Mortgage brands. The company was founded in 1988 and is headquartered in West Palm Beach, Florida.

OCN Stock News Headlines

EQOS, OCN, XIN among top financial movers
Ocwen authorizes $50M share repurchase program
Ocwen Financial names Sean O'Neil as CFO
Ocwen: Q1 Earnings Snapshot
Ocwen Financial GAAP EPS of $6.30
Ocwen Financial Q1 2022 Earnings Preview
Ocwen Financial Corp OCN
See More Headlines

Industry, Sector and Symbol

Industry
Mortgage bankers & correspondents
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
CUSIP
67574630
Employees
5,700
Year Founded
N/A

Company Calendar

Last Earnings
5/05/2022
Today
7/03/2022
Next Earnings (Estimated)
8/03/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$50.00
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$50.00
Forecasted Upside/Downside
+81.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.5
Research Coverage
2 Analysts

Profitability

Net Income
$18.08 million
Pretax Margin
4.22%

Debt

Sales & Book Value

Annual Sales
$1.05 billion
Cash Flow
$5.04 per share
Book Value
$51.81 per share

Miscellaneous

Free Float
8,917,000
Market Cap
$254.28 million
Optionable
Optionable
Beta
1.82














Ocwen Financial Frequently Asked Questions

Should I buy or sell Ocwen Financial stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ocwen Financial in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" Ocwen Financial stock.
View analyst ratings for Ocwen Financial
or view top-rated stocks.

What is Ocwen Financial's stock price forecast for 2022?

2 Wall Street research analysts have issued 12-month price targets for Ocwen Financial's shares. Their OCN stock forecasts range from $50.00 to $50.00. On average, they predict Ocwen Financial's share price to reach $50.00 in the next twelve months. This suggests a possible upside of 81.9% from the stock's current price.
View analysts' price targets for Ocwen Financial
or view top-rated stocks among Wall Street analysts.

How has Ocwen Financial's stock performed in 2022?

Ocwen Financial's stock was trading at $39.97 at the beginning of the year. Since then, OCN shares have decreased by 31.2% and is now trading at $27.49.
View the best growth stocks for 2022 here
.

Are investors shorting Ocwen Financial?

Ocwen Financial saw a drop in short interest during the month of May. As of May 31st, there was short interest totaling 465,000 shares, a drop of 15.7% from the May 15th total of 551,500 shares. Based on an average trading volume of 83,800 shares, the short-interest ratio is currently 5.5 days. Currently, 5.6% of the shares of the company are sold short.
View Ocwen Financial's Short Interest
.

When is Ocwen Financial's next earnings date?

Ocwen Financial is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
View our earnings forecast for Ocwen Financial
.

How were Ocwen Financial's earnings last quarter?

Ocwen Financial Co. (NYSE:OCN) announced its quarterly earnings results on Thursday, May, 5th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.65. The financial services provider earned $231.56 million during the quarter, compared to the consensus estimate of $276.06 million. Ocwen Financial had a net margin of 6.30% and a trailing twelve-month return on equity of 6.98%.
View Ocwen Financial's earnings history
.

When did Ocwen Financial's stock split? How did Ocwen Financial's stock split work?

Ocwen Financial shares reverse split before market open on Friday, August 14th 2020. The 1-15 reverse split was announced on Monday, August 3rd 2020. The number of shares owned by shareholders was adjusted after the market closes on Thursday, August 13th 2020. An investor that had 100 shares of Ocwen Financial stock prior to the reverse split would have 7 shares after the split.

Who are Ocwen Financial's key executives?

Ocwen Financial's management team includes the following people:
  • Mr. Glen A. Messina, CEO, Pres & Director (Age 60, Pay $2.71M)
  • Mr. Dennis Zeleny, Exec. VP & Chief Admin. Officer (Age 67, Pay $1.14M)
  • Mr. Scott William Anderson, Exec. VP & Chief Servicing Officer (Age 53, Pay $1.13M)
  • Mr. George T. Henley, Exec. VP & Chief Growth Officer (Age 54, Pay $1.12M)
  • Mr. Sean Bradley O'Neil, Exec. VP & CFO
  • Mr. John V. Britti, Exec. VP & Chief Investment Officer (Age 62)
  • Mr. Francois Grunenwald, Sr. VP & Chief Accounting Officer (Age 50)
  • Mr. Michael K. Short, VP of Bus. Devel. and Investor Relations
  • Mr. Stephen C. Swett, Investors Contact
  • Mr. Alberino J. Celini, Exec. VP, Chief Risk & Compliance Officer (Age 59)

What is Glen Messina's approval rating as Ocwen Financial's CEO?

150 employees have rated Ocwen Financial CEO Glen Messina on Glassdoor.com. Glen Messina has an approval rating of 77% among Ocwen Financial's employees.

What other stocks do shareholders of Ocwen Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ocwen Financial investors own include (GTATQ) (GTATQ), (MBBYF) (MBBYF), GoPro (GPRO), Coty (COTY), Pandora Media (P), Ford Motor (F), Groupon (GRPN), General Electric (GE), Capri (CPRI) and Energy Transfer (ET).

What is Ocwen Financial's stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ocwen Financial's stock price today?

One share of OCN stock can currently be purchased for approximately $27.49.

How much money does Ocwen Financial make?

Ocwen Financial (NYSE:OCN) has a market capitalization of $254.28 million and generates $1.05 billion in revenue each year. The financial services provider earns $18.08 million in net income (profit) each year or $6.95 on an earnings per share basis.

How many employees does Ocwen Financial have?

Ocwen Financial employs 5,700 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 official website for Ocwen Financial is www.ocwen.com. The financial services provider can be reached via phone at (561) 682-8000, via email at investorservices@ocwen.com, or via fax at 561-681-8177.

This page (NYSE:OCN) was last updated on 7/3/2022 by MarketBeat.com Staff

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