Analysts Anticipate Mr. Cooper Group Inc (COOP) to Announce $0.54 Earnings Per Share

Equities analysts expect Mr. Cooper Group Inc (NASDAQ:COOP) to report earnings of $0.54 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Mr. Cooper Group’s earnings, with the highest EPS estimate coming in at $0.61 and the lowest estimate coming in at $0.47. Mr. Cooper Group reported earnings of ($0.72) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 175%. The firm is scheduled to issue its next earnings results before the market opens on Thursday, March 7th.

According to Zacks, analysts expect that Mr. Cooper Group will report full year earnings of $2.10 per share for the current year. For the next fiscal year, analysts anticipate that the business will post earnings of $2.08 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that cover Mr. Cooper Group.

A number of research analysts have recently issued reports on the company. Zacks Investment Research cut Mr. Cooper Group from a “hold” rating to a “strong sell” rating in a research note on Monday, December 31st. Barclays set a $18.00 target price on shares of Mr. Cooper Group and gave the stock a “hold” rating in a research note on Friday. ValuEngine raised shares of Mr. Cooper Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, BTIG Research assumed coverage on shares of Mr. Cooper Group in a research report on Thursday, November 29th. They set a “buy” rating and a $21.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Mr. Cooper Group currently has a consensus rating of “Hold” and a consensus price target of $20.67.

Several large investors have recently bought and sold shares of COOP. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Mr. Cooper Group in the third quarter worth approximately $9,534,000. Bridgeway Capital Management Inc. bought a new stake in Mr. Cooper Group during the third quarter worth $560,000. Marshall Wace North America L.P. purchased a new position in shares of Mr. Cooper Group in the 3rd quarter worth about $2,063,000. American National Bank purchased a new stake in shares of Mr. Cooper Group in the 4th quarter worth approximately $96,000. Finally, Virtu Financial LLC bought a new stake in Mr. Cooper Group during the fourth quarter valued at about $124,000.

NASDAQ:COOP traded down $0.35 during trading hours on Tuesday, reaching $12.51. The company had a trading volume of 1,207,554 shares, compared to its average volume of 538,713. Mr. Cooper Group has a one year low of $10.61 and a one year high of $20.04. The company has a debt-to-equity ratio of 3.45, a current ratio of 2.79 and a quick ratio of 2.79. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 104.25 and a beta of 0.56.

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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