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NYSE:OCNOcwen Financial Stock Price, Forecast & News

$0.31
-0.07 (-18.35 %)
(As of 04/5/2020 03:27 AM ET)
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Today's Range
$0.28
Now: $0.31
$0.40
50-Day Range
$0.39
MA: $1.03
$1.60
52-Week Range
$0.28
Now: $0.31
$2.23
Volume3.75 million shs
Average Volume2.50 million shs
Market Capitalization$42.44 million
P/E RatioN/A
Dividend YieldN/A
Beta1.75
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 directly with customers in forward lending, as well as through its correspondent lending arrangements, broker relationships, and retail channels of reverse mortgage lending. Ocwen Financial Corporation was founded in 1988 and is headquartered in West Palm Beach, Florida.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.39 out of 5 stars


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$1.12 billion
Book Value$3.06 per share

Profitability

Net Income$-142,130,000.00

Miscellaneous

Employees5,300
Market Cap$42.44 million
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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Ocwen Financial (NYSE:OCN) Frequently Asked Questions

How has Ocwen Financial's stock been impacted by COVID-19 (Coronavirus)?

Ocwen Financial's stock was trading at $1.04 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, OCN shares have decreased by 69.8% and is now trading at $0.3145. View which stocks have been mosted impacted by Coronavirus.

When is Ocwen Financial's next earnings date?

Ocwen Financial is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Ocwen Financial.

How were Ocwen Financial's earnings last quarter?

Ocwen Financial Corp (NYSE:OCN) released its quarterly earnings results on Wednesday, February, 26th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.23. The financial services provider had revenue of $261.17 million for the quarter, compared to the consensus estimate of $256.20 million. Ocwen Financial had a negative net margin of 12.66% and a negative return on equity of 32.90%. Ocwen Financial's revenue was down 16.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.03) earnings per share. View Ocwen Financial's earnings history.

Has Ocwen Financial been receiving favorable news coverage?

Media headlines about OCN stock have trended very negative on Sunday, according to InfoTrie. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Ocwen Financial earned a daily sentiment score of -3.3 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutOcwen Financial.

Are investors shorting Ocwen Financial?

Ocwen Financial saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 2,290,000 shares, an increase of 23.8% from the February 13th total of 1,850,000 shares. Based on an average daily volume of 893,500 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.0% of the shares of the stock are sold short. View Ocwen Financial's Current Options Chain.

Who are some of Ocwen Financial's key competitors?

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 GT Advanced Technologies (GTATQ), Mobileye (MBBYF), GoPro (GPRO), Pandora Media (P), Groupon (GRPN), Energy Transfer LP Unit (ET), Ford Motor (F), General Electric (GE), Gilead Sciences (GILD) and MannKind (MNKD).

Who are Ocwen Financial's key executives?

Ocwen Financial's management team includes the following people:
  • Mr. Glen A. Messina, CEO, Pres & Director (Age 57)
  • Mr. John V. Britti, Exec. VP & Chief Investment Officer (Age 59)
  • Ms. Catherine M. Dondzila, Sr. VP & Chief Accounting Officer (Age 56)
  • Mr. Scott William Anderson, Exec. VP & Chief Servicing Officer (Age 50)
  • Mr. Arthur C. Walker Jr., Sr. VP of Global Tax (Age 48)

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Ocwen Financial's stock price today?

One share of OCN stock can currently be purchased for approximately $0.31.

How big of a company is Ocwen Financial?

Ocwen Financial has a market capitalization of $42.44 million and generates $1.12 billion in revenue each year. Ocwen Financial employs 5,300 workers across the globe. View additional information about Ocwen Financial.

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]

This page was last updated on 4/5/2020 by MarketBeat.com Staff

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