PHH (PHH) Receives Daily News Sentiment Rating of 0.04
News coverage about PHH (NYSE:PHH) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PHH earned a news impact score of 0.04 on Accern’s scale. Accern also assigned media stories about the credit services provider an impact score of 44.2549216729731 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
PHH (PHH) traded down $0.03 on Wednesday, reaching $10.21. The company had a trading volume of 298,300 shares, compared to its average volume of 391,450. The stock has a market capitalization of $333.28, a price-to-earnings ratio of -1.78 and a beta of 1.85. PHH has a 12 month low of $9.79 and a 12 month high of $15.07. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.84.
PHH (NYSE:PHH) last released its quarterly earnings results on Tuesday, November 7th. The credit services provider reported ($1.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.72) by ($0.38). The company had revenue of $121.00 million during the quarter, compared to analysts’ expectations of $61.00 million. PHH had a negative return on equity of 27.98% and a negative net margin of 71.84%. The company’s revenue was down 38.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.35) EPS. analysts predict that PHH will post -4.93 earnings per share for the current year.
PHH announced that its Board of Directors has initiated a stock buyback program on Tuesday, November 7th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the credit services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
Several research analysts recently commented on the company. ValuEngine lowered PHH from a “sell” rating to a “strong sell” rating in a research report on Friday, December 22nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $12.00 price target on shares of PHH in a research report on Friday, December 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.25.
In other PHH news, SVP Leith W. Kaplan sold 9,800 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $11.21, for a total value of $109,858.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William F. Brown sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $10.92, for a total transaction of $87,360.00. The disclosure for this sale can be found here. In the last three months, insiders sold 26,625 shares of company stock valued at $294,634. 2.52% of the stock is owned by insiders.
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PHH Company Profile
PHH Corporation is a standalone mortgage company. The Company provides outsourced mortgage banking services to a range of clients, including financial institutions and real estate brokers throughout the United States, and is focused on originating, selling, servicing and subservicing residential mortgage loans through its subsidiary, PHH Mortgage Corporation and its subsidiaries.
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