Wall Street brokerages expect Mr. Cooper Group Inc (NASDAQ:COOP) to announce sales of $543.95 million for the current quarter, according to Zacks. Two analysts have provided estimates for Mr. Cooper Group’s earnings, with the highest sales estimate coming in at $588.00 million and the lowest estimate coming in at $499.90 million. The business is scheduled to report its next earnings results on Thursday, January 30th.
On average, analysts expect that Mr. Cooper Group will report full year sales of $1.79 billion for the current fiscal year, with estimates ranging from $1.77 billion to $1.82 billion. For the next financial year, analysts expect that the firm will report sales of $2.05 billion, with estimates ranging from $2.02 billion to $2.08 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Mr. Cooper Group.
Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Thursday, October 31st. The company reported $1.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.44. Mr. Cooper Group had a positive return on equity of 8.81% and a negative net margin of 21.46%. The firm had revenue of $618.00 million for the quarter, compared to analysts’ expectations of $594.15 million.
A number of equities research analysts have recently commented on COOP shares. Zacks Investment Research cut Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research report on Monday. TheStreet upgraded Mr. Cooper Group from an “e+” rating to a “c-” rating in a report on Wednesday, December 11th. Barclays set a $14.00 price objective on Mr. Cooper Group and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, ValuEngine cut Mr. Cooper Group from a “hold” rating to a “sell” rating in a report on Friday, December 27th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $14.75.
Hedge funds have recently bought and sold shares of the stock. Patriot Financial Group Insurance Agency LLC boosted its holdings in Mr. Cooper Group by 411.1% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 2,525 shares of the company’s stock worth $27,000 after buying an additional 2,031 shares during the last quarter. Vista Private Wealth Partners. LLC purchased a new position in Mr. Cooper Group in the 3rd quarter worth approximately $27,000. Panagora Asset Management Inc. purchased a new position in Mr. Cooper Group in the 2nd quarter worth approximately $31,000. Tower Research Capital LLC TRC purchased a new position in Mr. Cooper Group in the 3rd quarter worth approximately $53,000. Finally, Trexquant Investment LP purchased a new position in Mr. Cooper Group in the 2nd quarter worth approximately $107,000. Institutional investors own 81.69% of the company’s stock.
NASDAQ:COOP opened at $12.35 on Friday. Mr. Cooper Group has a 52 week low of $6.57 and a 52 week high of $15.68. The company has a debt-to-equity ratio of 3.13, a quick ratio of 1.85 and a current ratio of 1.85. The stock’s 50-day moving average price is $12.83 and its 200-day moving average price is $10.53.
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.
Recommended Story: What is meant by a buy rating?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.