$549.15 Million in Sales Expected for Mr. Cooper Group Inc (NASDAQ:COOP) This Quarter

Equities analysts forecast that Mr. Cooper Group Inc (NASDAQ:COOP) will post $549.15 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Mr. Cooper Group’s earnings, with estimates ranging from $451.00 million to $647.30 million. The firm is expected to issue its next quarterly earnings report on Thursday, November 7th.

According to Zacks, analysts expect that Mr. Cooper Group will report full year sales of $1.74 billion for the current year, with estimates ranging from $1.60 billion to $1.88 billion. For the next fiscal year, analysts expect that the company will post sales of $2.14 billion, with estimates ranging from $1.98 billion to $2.30 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Mr. Cooper Group.

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

A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. BTIG Research reissued a “buy” rating and issued a $21.00 target price on shares of Mr. Cooper Group in a report on Sunday, August 4th. Finally, Wedbush increased their target price on shares of Mr. Cooper Group from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $15.50.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Panagora Asset Management Inc. bought a new stake in shares of Mr. Cooper Group in the 2nd quarter valued at approximately $31,000. Royce & Associates LP purchased a new position in Mr. Cooper Group in the first quarter worth approximately $46,000. Trexquant Investment LP acquired a new position in Mr. Cooper Group during the second quarter worth $107,000. First Republic Investment Management Inc. acquired a new position in Mr. Cooper Group during the second quarter worth $111,000. Finally, SG Americas Securities LLC acquired a new position in Mr. Cooper Group during the first quarter worth $139,000. Institutional investors and hedge funds own 83.25% of the company’s stock.

COOP traded up $0.28 on Friday, hitting $10.97. 10,762 shares of the stock were exchanged, compared to its average volume of 813,473. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 3.57. Mr. Cooper Group has a 12 month low of $6.57 and a 12 month high of $16.53. The business has a 50-day moving average of $9.97 and a two-hundred day moving average of $8.84.

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

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