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

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$1.58 -0.14 (-8.14 %)
(As of 12/13/2018 02:20 AM ET)
Previous Close$1.72
Today's Range$1.57 - $1.74
52-Week Range$1.57 - $4.84
Volume1.88 million shs
Average Volume1.27 million shs
Market Capitalization$239.70 million
P/E RatioN/A
Dividend YieldN/A
Beta1.09
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

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

Debt

Debt-to-Equity Ratio11.76
Current Ratio8.31
Quick Ratio8.31

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$1.19 billion
Price / Sales0.18
Cash FlowN/A
Price / Cash FlowN/A
Book Value$4.10 per share
Price / Book0.39

Profitability

EPS (Most Recent Fiscal Year)N/A
Net Income$-127,960,000.00
Net Margins-10.97%
Return on Equity-13.76%
Return on Assets-0.95%

Miscellaneous

Employees7,600
Outstanding Shares133,910,000
Market Cap$239.70 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) issued its earnings results on Tuesday, November, 6th. The financial services provider reported ($0.31) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.16) by $0.15. The financial services provider earned $238.30 million during the quarter, compared to analyst estimates of $241 million. Ocwen Financial had a negative return on equity of 13.76% and a negative net margin of 10.97%. Ocwen Financial's quarterly revenue was down 16.3% on a year-over-year basis. During the same period in the prior year, the business 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 brokerages have issued 1-year target prices for Ocwen Financial's stock. Their predictions range from $4.00 to $4.00. On average, they anticipate Ocwen Financial's stock price to reach $4.00 in the next twelve months. This suggests a possible upside of 153.2% 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?

Media coverage about OCN stock has been trending very positive recently, InfoTrie Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Ocwen Financial earned a coverage optimism score of 3.6 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future.

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)

Who are Ocwen Financial's major shareholders?

Ocwen Financial's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (7.37%), BlackRock Inc. (6.16%), Dimensional Fund Advisors LP (2.46%), Man Group plc (1.54%), Renaissance Technologies LLC (1.47%) and CQS Cayman LP (1.23%). 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 institutional investors are selling Ocwen Financial stock?

OCN stock was sold by a variety of institutional investors in the last quarter, including Akanthos Capital Management LLC, Renaissance Technologies LLC, BlackRock Inc., SG Americas Securities LLC, Corrado Advisors LLC and Corsair Capital Management L.P.. View Insider Buying and Selling for Ocwen Financial.

Which institutional investors are buying Ocwen Financial stock?

OCN stock was purchased by a variety of institutional investors in the last quarter, including Man Group plc, Vanguard Group Inc., Bridgeway Capital Management Inc., Dimensional Fund Advisors LP, First Trust Advisors LP, Jane Street Group LLC, CQS Cayman LP and PNC Financial Services Group Inc.. 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 $1.58.

How big of a company is Ocwen Financial?

Ocwen Financial has a market capitalization of $239.70 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:  283 (Vote Outperform)
Underperform Votes:  352 (Vote Underperform)
Total Votes:  635
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 12/13/2018 by MarketBeat.com Staff

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