Mr. Cooper Group Inc (NASDAQ:COOP) Expected to Announce Earnings of $0.89 Per Share

Brokerages expect Mr. Cooper Group Inc (NASDAQ:COOP) to report earnings of $0.89 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Mr. Cooper Group’s earnings, with estimates ranging from $0.71 to $1.06. Mr. Cooper Group reported earnings per share of $1.41 during the same quarter last year, which would indicate a negative year over year growth rate of 36.9%. The firm is expected to issue its next earnings results on Thursday, October 29th.

On average, analysts expect that Mr. Cooper Group will report full year earnings of $4.21 per share for the current fiscal year, with EPS estimates ranging from $4.00 to $4.42. For the next fiscal year, analysts anticipate that the business will report earnings of $3.71 per share, with EPS estimates ranging from $3.17 to $4.25. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Mr. Cooper Group.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Thursday, April 30th. The company reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.03. The company had revenue of $278.00 million during the quarter, compared to analyst estimates of $418.35 million. Mr. Cooper Group had a net margin of 3.26% and a return on equity of 28.82%.

A number of equities analysts recently issued reports on the stock. BidaskClub raised shares of Mr. Cooper Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. TheStreet raised shares of Mr. Cooper Group from a “d+” rating to a “c-” rating in a research note on Wednesday, May 20th. Credit Suisse Group reissued a “buy” rating on shares of Mr. Cooper Group in a research note on Tuesday, July 28th. KeyCorp increased their price target on shares of Mr. Cooper Group from $12.00 to $14.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Finally, Zacks Investment Research raised shares of Mr. Cooper Group from a “sell” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $16.43.

Shares of Mr. Cooper Group stock traded up $0.35 during trading on Friday, reaching $16.33. 1,815,256 shares of the stock were exchanged, compared to its average volume of 728,351. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.39. The stock’s fifty day moving average is $12.66 and its 200 day moving average is $11.03. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 22.37 and a beta of 1.26. Mr. Cooper Group has a 1 year low of $4.31 and a 1 year high of $16.94.

Several hedge funds and other institutional investors have recently made changes to their positions in COOP. Victory Capital Management Inc. increased its stake in shares of Mr. Cooper Group by 84.2% during the fourth quarter. Victory Capital Management Inc. now owns 23,119 shares of the company’s stock valued at $289,000 after purchasing an additional 10,566 shares in the last quarter. Great West Life Assurance Co. Can bought a new stake in shares of Mr. Cooper Group during the fourth quarter valued at approximately $58,000. ProShare Advisors LLC bought a new stake in shares of Mr. Cooper Group during the fourth quarter valued at approximately $129,000. Raymond James & Associates increased its position in shares of Mr. Cooper Group by 196.6% during the fourth quarter. Raymond James & Associates now owns 36,297 shares of the company’s stock valued at $454,000 after acquiring an additional 24,058 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Mr. Cooper Group by 191.4% during the fourth quarter. Renaissance Technologies LLC now owns 139,296 shares of the company’s stock valued at $1,743,000 after acquiring an additional 91,497 shares in the last quarter. 82.95% of the stock is owned by institutional investors and hedge funds.

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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