Analysts Anticipate Mr. Cooper Group Inc. (NASDAQ:COOP) to Post $1.60 EPS

Wall Street analysts predict that Mr. Cooper Group Inc. (NASDAQ:COOP) will post earnings per share (EPS) of $1.60 for the current quarter, according to Zacks. Three analysts have issued estimates for Mr. Cooper Group’s earnings. The lowest EPS estimate is $1.45 and the highest is $1.76. Mr. Cooper Group reported earnings of $2.85 per share in the same quarter last year, which would indicate a negative year over year growth rate of 43.9%. The company is scheduled to announce its next earnings results before the market opens on Thursday, July 29th.

On average, analysts expect that Mr. Cooper Group will report full-year earnings of $7.37 per share for the current financial year, with EPS estimates ranging from $7.30 to $7.43. For the next fiscal year, analysts expect that the company will report earnings of $5.36 per share, with EPS estimates ranging from $4.97 to $5.67. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Mr. Cooper Group.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings results on Thursday, April 29th. The company reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.60. Mr. Cooper Group had a net margin of 27.70% and a return on equity of 42.57%. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $936.27 million.

COOP has been the subject of several research reports. Barclays reiterated an “equal weight” rating and issued a $38.00 target price (down from $44.00) on shares of Mr. Cooper Group in a research report on Tuesday, April 27th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $38.00 price objective (down from $39.00) on shares of Mr. Cooper Group in a research note on Tuesday, April 13th. Finally, Zacks Investment Research upgraded shares of Mr. Cooper Group from a “sell” rating to a “hold” rating in a research report on Monday, July 5th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $37.13.

Shares of COOP traded down $0.38 during mid-day trading on Thursday, reaching $34.53. 5,980 shares of the stock traded hands, compared to its average volume of 655,677. The business has a fifty day simple moving average of $33.64. The firm has a market cap of $2.97 billion, a P/E ratio of 3.03 and a beta of 1.64. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.45. Mr. Cooper Group has a 1 year low of $13.07 and a 1 year high of $37.90.

In other news, Director Robert H. Gidel sold 6,905 shares of the firm’s stock in a transaction dated Thursday, May 20th. The shares were sold at an average price of $33.13, for a total value of $228,762.65. Following the completion of the sale, the director now owns 3,451 shares in the company, valued at approximately $114,331.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.17% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of COOP. Commonwealth Equity Services LLC boosted its holdings in shares of Mr. Cooper Group by 150.0% in the 1st quarter. Commonwealth Equity Services LLC now owns 16,244 shares of the company’s stock valued at $564,000 after acquiring an additional 9,747 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Mr. Cooper Group during the first quarter worth $351,000. Toronto Dominion Bank purchased a new stake in shares of Mr. Cooper Group during the first quarter worth $82,000. Schroder Investment Management Group grew its holdings in shares of Mr. Cooper Group by 12.9% in the fourth quarter. Schroder Investment Management Group now owns 308,291 shares of the company’s stock valued at $9,566,000 after purchasing an additional 35,235 shares during the period. Finally, Citigroup Inc. grew its holdings in shares of Mr. Cooper Group by 32.8% in the first quarter. Citigroup Inc. now owns 63,408 shares of the company’s stock valued at $2,205,000 after purchasing an additional 15,648 shares during the period. 83.21% of the stock is currently owned by hedge funds and other institutional investors.

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related to single-family residences in the United States. The company operates through three segments: Servicing, Originations, and Xome. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.

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

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