Ocwen Financial Corporation (OCN) Earns Daily Media Sentiment Rating of 0.08
Media headlines about Ocwen Financial Corporation (NYSE:OCN) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ocwen Financial Corporation earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.1575587593053 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Ocwen Financial Corporation (OCN) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Critical Survey: Cathay General Bancorp (CATY) and Ocwen Financial Corporation (OCN) (americanbankingnews.com)
- Critical Comparison: Ocwen Financial Corporation (OCN) versus BankUnited (BKU) (americanbankingnews.com)
- Head to Head Review: Ocwen Financial Corporation (OCN) versus Its Rivals (americanbankingnews.com)
Ocwen Financial Corporation (OCN) traded up 1.27% on Friday, hitting $3.19. 986,789 shares of the stock traded hands. The stock has a 50-day moving average price of $2.89 and a 200 day moving average price of $3.28. The company’s market cap is $417.44 million. Ocwen Financial Corporation has a 1-year low of $2.12 and a 1-year high of $6.15.
Ocwen Financial Corporation (NYSE:OCN) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.17). The company had revenue of $311.30 million for the quarter, compared to analyst estimates of $295.33 million. Ocwen Financial Corporation had a negative return on equity of 12.41% and a negative net margin of 5.95%. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same period last year, the business earned ($0.71) EPS. On average, analysts anticipate that Ocwen Financial Corporation will post ($0.87) EPS for the current fiscal year.
A number of research analysts recently issued reports on OCN shares. ValuEngine upgraded shares of Ocwen Financial Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Ocwen Financial Corporation from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a report on Tuesday, June 6th. BidaskClub upgraded shares of Ocwen Financial Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $3.00 price objective on shares of Ocwen Financial Corporation in a report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $3.25.
Ocwen Financial Corporation Company Profile
Ocwen Financial Corporation is a financial services holding company. The Company, through its subsidiaries, originates and services loans. The Company’s segments include Servicing, Lending, and Corporate Items and Other. The Company’s Servicing segment consists of its residential servicing business. The Company’s Lending segment is focused on originating and purchasing conventional and government-insured residential forward and reverse mortgage loans.
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