$0.66 EPS Expected for Mr. Cooper Group Inc (NASDAQ:COOP) This Quarter

Equities analysts expect that Mr. Cooper Group Inc (NASDAQ:COOP) will announce earnings of $0.66 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Mr. Cooper Group’s earnings. The firm is scheduled to announce its next earnings results on Thursday, November 7th.

On average, analysts expect that Mr. Cooper Group will report full-year earnings of $2.20 per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of $2.25 per share. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Mr. Cooper Group.

Mr. Cooper Group (NASDAQ:COOP) last announced its earnings results on Thursday, August 1st. The company reported $1.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.96. The firm had revenue of $399.00 million for the quarter, compared to the consensus estimate of $249.10 million. Mr. Cooper Group had a return on equity of 52.72% and a net margin of 38.88%.

Several research firms have weighed in on COOP. Wedbush boosted their price target on Mr. Cooper Group from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. BTIG Research reiterated a “buy” rating and set a $21.00 price target on shares of Mr. Cooper Group in a research note on Sunday, August 4th. Finally, Zacks Investment Research downgraded Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Mr. Cooper Group currently has an average rating of “Hold” and an average price target of $15.50.

A number of institutional investors have recently bought and sold shares of the business. Jefferies Group LLC grew its stake in Mr. Cooper Group by 14.3% during the 2nd quarter. Jefferies Group LLC now owns 15,037 shares of the company’s stock valued at $120,000 after purchasing an additional 1,880 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Mr. Cooper Group by 15.2% in the second quarter. JPMorgan Chase & Co. now owns 20,907 shares of the company’s stock worth $164,000 after buying an additional 2,753 shares during the last quarter. Regent Investment Management LLC boosted its stake in shares of Mr. Cooper Group by 19.3% in the second quarter. Regent Investment Management LLC now owns 18,524 shares of the company’s stock worth $148,000 after buying an additional 3,000 shares during the last quarter. United Services Automobile Association boosted its stake in shares of Mr. Cooper Group by 24.7% in the second quarter. United Services Automobile Association now owns 15,767 shares of the company’s stock worth $126,000 after buying an additional 3,122 shares during the last quarter. Finally, Panagora Asset Management Inc. purchased a new stake in shares of Mr. Cooper Group in the second quarter worth about $31,000. Institutional investors and hedge funds own 83.25% of the company’s stock.

Mr. Cooper Group stock traded up $0.28 during trading hours on Friday, hitting $10.97. 10,762 shares of the stock traded hands, compared to its average volume of 813,473. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 3.57. The firm’s 50 day moving average price is $9.97 and its 200-day moving average price is $8.84. Mr. Cooper Group has a 1 year low of $6.57 and a 1 year high of $16.53.

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.

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

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