Mr. Cooper Group Inc. Forecasted to Post FY2021 Earnings of $8.49 Per Share (NASDAQ:COOP)

Mr. Cooper Group Inc. (NASDAQ:COOP) – Stock analysts at Jefferies Financial Group issued their FY2021 earnings per share (EPS) estimates for Mr. Cooper Group in a research note issued to investors on Tuesday, January 11th. Jefferies Financial Group analyst K. Joseph anticipates that the company will post earnings per share of $8.49 for the year. Jefferies Financial Group also issued estimates for Mr. Cooper Group’s Q4 2021 earnings at $1.22 EPS, Q1 2022 earnings at $1.43 EPS, Q2 2022 earnings at $1.35 EPS, Q3 2022 earnings at $1.24 EPS, Q4 2022 earnings at $1.25 EPS, FY2022 earnings at $5.27 EPS, Q1 2023 earnings at $1.59 EPS, Q2 2023 earnings at $1.52 EPS and Q4 2023 earnings at $1.69 EPS.

COOP has been the subject of a number of other research reports. Zacks Investment Research raised Mr. Cooper Group from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, November 16th. Credit Suisse Group increased their price objective on Mr. Cooper Group from $46.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, October 29th. Piper Sandler raised their price target on Mr. Cooper Group from $48.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 2nd. Finally, Barclays raised their price target on Mr. Cooper Group from $39.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, January 10th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $47.83.

NASDAQ COOP opened at $44.50 on Thursday. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 2.77 and a beta of 1.59. Mr. Cooper Group has a twelve month low of $26.93 and a twelve month high of $45.27. The stock has a 50-day moving average of $41.72 and a 200 day moving average of $39.97.

Mr. Cooper Group (NASDAQ:COOP) last announced its earnings results on Thursday, October 28th. The company reported $2.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.97 by $0.45. Mr. Cooper Group had a return on equity of 29.79% and a net margin of 39.82%. The company had revenue of $860.00 million for the quarter, compared to analyst estimates of $648.32 million. During the same period in the prior year, the company posted $2.76 EPS. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year.

In other news, CEO Jesse K. Bray sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 22nd. The stock was sold at an average price of $42.25, for a total transaction of $422,500.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 30,000 shares of company stock worth $1,253,000 in the last three months. Corporate insiders own 2.17% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Sawtooth Solutions LLC boosted its position in Mr. Cooper Group by 4.1% during the 2nd quarter. Sawtooth Solutions LLC now owns 6,446 shares of the company’s stock worth $213,000 after purchasing an additional 253 shares during the period. Exchange Traded Concepts LLC boosted its position in Mr. Cooper Group by 1.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 15,355 shares of the company’s stock valued at $639,000 after buying an additional 279 shares during the last quarter. Legend Financial Advisors Inc. raised its stake in shares of Mr. Cooper Group by 1.1% in the 3rd quarter. Legend Financial Advisors Inc. now owns 29,754 shares of the company’s stock valued at $1,225,000 after purchasing an additional 314 shares in the last quarter. CWM Advisors LLC raised its stake in shares of Mr. Cooper Group by 3.1% in the 2nd quarter. CWM Advisors LLC now owns 10,494 shares of the company’s stock valued at $347,000 after purchasing an additional 318 shares in the last quarter. Finally, Profund Advisors LLC raised its stake in shares of Mr. Cooper Group by 5.2% in the 3rd quarter. Profund Advisors LLC now owns 7,892 shares of the company’s stock valued at $325,000 after purchasing an additional 389 shares in the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.

About Mr. Cooper Group

Mr. Cooper Group, Inc engages in the provision of residential loan services. It operated through the following segments: Servicing, Originations, Xome, and Corporate/Other. The Servicing segment consists of collecting loan payments, remitting principal and interest payments to investors, managing escrow funds for the payment of mortgage-related expenses, such as taxes and insurance, performing loss mitigation activities on behalf of investors and otherwise administering mortgage loan servicing portfolio.

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Earnings History and Estimates for Mr. Cooper Group (NASDAQ:COOP)

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