Mr. Cooper Group Inc (NASDAQ:COOP) – Equities researchers at Wedbush upped their Q2 2019 earnings per share (EPS) estimates for shares of Mr. Cooper Group in a report released on Thursday, July 11th. Wedbush analyst H. Coffey now expects that the company will earn $0.33 per share for the quarter, up from their prior estimate of $0.29. Wedbush has a “Outperform” rating and a $13.50 price target on the stock. Wedbush also issued estimates for Mr. Cooper Group’s Q3 2019 earnings at $0.44 EPS, Q1 2020 earnings at $0.33 EPS and Q3 2020 earnings at $0.51 EPS.
Other equities research analysts have also issued research reports about the stock. Piper Jaffray Companies upped their target price on shares of Cytokinetics from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. TheStreet lowered shares of Weibo from a “b-” rating to a “c+” rating in a report on Friday, May 31st. Zacks Investment Research lowered shares of Hanger from a “hold” rating to a “sell” rating in a report on Tuesday, May 28th. Finally, ValuEngine lowered shares of Verso from a “hold” rating to a “sell” rating in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $15.88.
Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Wednesday, May 1st. The company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.33. Mr. Cooper Group had a net margin of 47.66% and a return on equity of 62.93%. The business had revenue of $250.00 million for the quarter, compared to analyst estimates of $455.10 million.
In other Mr. Cooper Group news, CEO Jesse K. Bray bought 52,910 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were bought at an average cost of $9.36 per share, for a total transaction of $495,237.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Christopher G. Marshall bought 110,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were acquired at an average price of $9.08 per share, for a total transaction of $998,800.00. The disclosure for this purchase can be found here. Corporate insiders own 0.93% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. acquired a new stake in shares of Mr. Cooper Group in the 4th quarter valued at approximately $28,000. Bronfman E.L. Rothschild L.P. acquired a new stake in shares of Mr. Cooper Group in the 4th quarter valued at approximately $46,000. Royce & Associates LP acquired a new stake in shares of Mr. Cooper Group in the 1st quarter valued at approximately $46,000. Great West Life Assurance Co. Can acquired a new stake in shares of Mr. Cooper Group in the 4th quarter valued at approximately $99,000. Finally, Legal & General Group Plc acquired a new stake in shares of Mr. Cooper Group in the 4th quarter valued at approximately $155,000. Institutional investors own 83.66% of the company’s stock.
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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