Q2 2019 Earnings Forecast for Mr. Cooper Group Inc (COOP) Issued By Wedbush
Mr. Cooper Group Inc (NASDAQ:COOP) – Wedbush lowered their Q2 2019 EPS estimates for Mr. Cooper Group in a research note issued on Monday, May 20th. Wedbush analyst H. Coffey now forecasts that the company will post earnings per share of $0.29 for the quarter, down from their previous estimate of $0.30. Wedbush currently has a “Outperform” rating and a $13.50 price target on the stock. Wedbush also issued estimates for Mr. Cooper Group’s Q3 2019 earnings at $0.38 EPS, Q4 2019 earnings at $0.45 EPS, Q2 2020 earnings at $0.36 EPS, Q3 2020 earnings at $0.41 EPS and Q4 2020 earnings at $0.43 EPS.
A number of other research analysts have also recently commented on the company. ValuEngine upgraded Mr. Cooper Group from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research lowered Mr. Cooper Group from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Piper Jaffray Companies downgraded Mr. Cooper Group from a “neutral” rating to an “underweight” rating in a research report on Wednesday, March 20th. Finally, Barclays set a $18.00 price objective on Mr. Cooper Group and gave the stock a “hold” rating in a research report on Friday, March 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Mr. Cooper Group currently has an average rating of “Hold” and a consensus target price of $15.63.
Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Wednesday, May 1st. The company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.33. Mr. Cooper Group had a return on equity of 62.93% and a net margin of 47.66%. The firm had revenue of $250.00 million for the quarter, compared to analysts’ expectations of $455.10 million.
Large investors have recently made changes to their positions in the company. Stratos Wealth Partners LTD. acquired a new stake in shares of Mr. Cooper Group during the 4th quarter valued at $243,000. Canyon Capital Advisors LLC acquired a new position in Mr. Cooper Group during the fourth quarter worth $3,473,000. Regent Investment Management LLC acquired a new position in Mr. Cooper Group during the fourth quarter worth $180,000. Eaton Vance Management bought a new stake in Mr. Cooper Group during the fourth quarter valued at about $497,000. Finally, Levin Capital Strategies L.P. bought a new stake in Mr. Cooper Group during the fourth quarter valued at about $162,000. Institutional investors own 87.06% of the company’s stock.
In other Mr. Cooper Group news, CEO Jesse K. Bray acquired 52,910 shares of Mr. Cooper Group stock in a transaction dated Thursday, May 9th. The stock was acquired at an average cost of $9.36 per share, for a total transaction of $495,237.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Christopher G. Marshall acquired 110,000 shares of Mr. Cooper Group stock in a transaction dated Monday, May 6th. The shares were acquired at an average price of $9.08 per share, with a total value of $998,800.00. The disclosure for this purchase can be found here. Insiders own 0.93% of the company’s stock.
About Mr. Cooper Group
Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related principally to single-family residences in the United States. The company operates through three segments: Servicing, Originations, and Xome. The Servicing segment performs activities for originated and purchased loans, as well as operates as a subservicer for various clients that own the underlying servicing rights.
Read More: Limitations of the P/E Growth ratio
Receive News & Ratings for Mr. Cooper Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mr. Cooper Group and related companies with MarketBeat.com's FREE daily email newsletter.