FY2019 EPS Estimates for Mr. Cooper Group Inc (NASDAQ:COOP) Lifted by Wedbush
Mr. Cooper Group Inc (NASDAQ:COOP) – Equities research analysts at Wedbush upped their FY2019 earnings estimates for shares of Mr. Cooper Group in a note issued to investors on Thursday, July 11th. Wedbush analyst H. Coffey now expects that the company will earn $1.55 per share for the year, up from their previous forecast of $1.50. Wedbush currently has a “Outperform” rating and a $13.50 target price on the stock. Wedbush also issued estimates for Mr. Cooper Group’s Q4 2019 earnings at $0.40 EPS, Q4 2020 earnings at $0.42 EPS and FY2020 earnings at $1.63 EPS.
A number of other analysts have also commented on COOP. TheStreet lowered Weibo from a “b-” rating to a “c+” rating in a research note on Friday, May 31st. Zacks Investment Research lowered Hanger from a “hold” rating to a “sell” rating in a research note on Tuesday, May 28th. Piper Jaffray Companies raised their price target on Cytokinetics from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Finally, ValuEngine lowered Verso from a “hold” rating to a “sell” rating in a research note on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Mr. Cooper Group has a consensus rating of “Buy” and a consensus price target of $15.88.
Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Wednesday, May 1st. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.33. Mr. Cooper Group had a net margin of 47.66% and a return on equity of 62.93%. The firm had revenue of $250.00 million for the quarter, compared to analysts’ expectations of $455.10 million.
A number of institutional investors have recently made changes to their positions in COOP. PNC Financial Services Group Inc. purchased a new position in Mr. Cooper Group during the fourth quarter valued at $28,000. Bronfman E.L. Rothschild L.P. purchased a new position in Mr. Cooper Group during the fourth quarter valued at $46,000. Royce & Associates LP purchased a new position in Mr. Cooper Group during the first quarter valued at $46,000. Great West Life Assurance Co. Can purchased a new position in Mr. Cooper Group during the fourth quarter valued at $99,000. Finally, SG Americas Securities LLC purchased a new position in Mr. Cooper Group during the first quarter valued at $139,000. 83.65% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Jesse K. Bray acquired 52,910 shares of the stock in a transaction on Thursday, May 9th. The stock was acquired at an average price of $9.36 per share, with a total value of $495,237.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Christopher G. Marshall acquired 110,000 shares of the stock in a transaction on Monday, May 6th. The shares were purchased at an average cost of $9.08 per share, with a total value of $998,800.00. The disclosure for this purchase can be found here. Company insiders own 0.93% of the company’s stock.
Mr. Cooper Group Company Profile
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.
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