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.
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Industry, Sector and Symbol
Industry Mortgage bankers & correspondents
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Phone561-682-8000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.06 billion
Profitability
Miscellaneous
Employees7,200
Next Earnings Date11/5/2019 (Estimated)
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) posted its earnings results on Tuesday, August, 6th. The financial services provider reported ($0.67) EPS for the quarter, missing the consensus estimate of ($0.36) by $0.31. The financial services provider earned $274.34 million during the quarter, compared to analysts' expectations of $288 million. Ocwen Financial had a negative net margin of 15.76% and a negative return on equity of 35.88%. The business's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company earned ($0.22) EPS. View Ocwen Financial's Earnings History.
When is Ocwen Financial's next earnings date?
What price target have analysts set for OCN?
2 equities research analysts have issued twelve-month price targets for Ocwen Financial's stock. Their forecasts range from $4.00 to $4.00. On average, they expect Ocwen Financial's stock price to reach $4.00 in the next year. This suggests a possible upside of 118.6% 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 coverage about OCN stock has trended negative recently, according to InfoTrie. InfoTrie rates the sentiment of media coverage by reviewing 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 news impact score of -2.6 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Ocwen Financial.
Are investors shorting Ocwen Financial?
Ocwen Financial saw a decline in short interest during the month of September. As of September 30th, there was short interest totalling 2,370,000 shares, a decline of 11.6% from the August 30th total of 2,680,000 shares. Based on an average trading volume of 379,700 shares, the days-to-cover ratio is presently 6.2 days. Approximately 2.3% of the shares of the company are short sold. View Ocwen Financial's Current Options Chain.
Who are some of Ocwen Financial's key competitors?
Some companies that are related to Ocwen Financial include BBVA Banco Frances (BBAR), SURUGA BANK ADR REP 10 (SUGBY), Urstadt Biddle Properties (UBA), Boston Private Financial (BPFH), Blackrock Muniyield Insured Fund (MYI), VGI Partners Global Investments (VG1), General American Investors (GAM), Franklin Street Properties (FSP), Palomar (PLMR), PJT Partners (PJT), Stewart Information Services (STC), Ambac Financial Group (AMBC), Republic Bancorp, Inc. KY (RBCAA), Third Point Reinsurance (TPRE) and John Hancock Patriot Premium Div Fund II (PDT).
What other stocks do shareholders of Ocwen Financial own?
Who are Ocwen Financial's key executives?
Ocwen Financial's management team includes the folowing 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)
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 $1.83.
How big of a company is Ocwen Financial?
What is Ocwen Financial's official website?
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)
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.
