$2.27 Earnings Per Share Expected for Mr. Cooper Group Inc. (NASDAQ:COOP) This Quarter


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Equities analysts forecast that Mr. Cooper Group Inc. (NASDAQ:COOP) will announce $2.27 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Mr. Cooper Group’s earnings, with estimates ranging from $2.12 to $2.39. Mr. Cooper Group posted earnings of $1.05 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 116.2%. The business is scheduled to announce its next earnings results before the market opens on Thursday, April 29th.

On average, analysts expect that Mr. Cooper Group will report full year earnings of $6.85 per share for the current year, with EPS estimates ranging from $6.37 to $7.40. For the next fiscal year, analysts anticipate that the company will report earnings of $5.46 per share, with EPS estimates ranging from $4.92 to $6.02. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Mr. Cooper Group.

Mr. Cooper Group (NASDAQ:COOP) last released its earnings results on Monday, February 22nd. The company reported $2.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.76 by ($0.13). The business had revenue of $872.00 million during the quarter, compared to analysts’ expectations of $851.91 million. Mr. Cooper Group had a return on equity of 32.79% and a net margin of 8.17%. The firm’s revenue was down 8.5% on a year-over-year basis.

Several brokerages recently commented on COOP. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $38.00 price objective (down from $39.00) on shares of Mr. Cooper Group in a research report on Tuesday, April 13th. Barclays increased their price objective on shares of Mr. Cooper Group from $38.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, March 16th. Wedbush increased their price objective on shares of Mr. Cooper Group from $34.00 to $43.00 in a research report on Thursday, March 4th. Piper Sandler increased their price objective on shares of Mr. Cooper Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, February 26th. Finally, Zacks Investment Research raised shares of Mr. Cooper Group from a “hold” rating to a “strong-buy” rating and set a $37.00 price target on the stock in a report on Tuesday, March 2nd. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $35.11.

In other news, major shareholder Wand Investors Corp Kkr sold 3,700,000 shares of the stock in a transaction that occurred on Friday, March 26th. The shares were sold at an average price of $32.25, for a total value of $119,325,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.53% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. KBC Group NV bought a new position in shares of Mr. Cooper Group in the 4th quarter worth approximately $111,000. Federated Hermes Inc. lifted its stake in shares of Mr. Cooper Group by 180.0% in the 3rd quarter. Federated Hermes Inc. now owns 3,959 shares of the company’s stock worth $88,000 after purchasing an additional 2,545 shares during the period. Teacher Retirement System of Texas bought a new position in shares of Mr. Cooper Group in the 4th quarter worth approximately $206,000. Virginia Retirement Systems ET AL bought a new position in shares of Mr. Cooper Group in the 4th quarter worth approximately $217,000. Finally, Amalgamated Bank bought a new position in shares of Mr. Cooper Group in the 4th quarter worth approximately $223,000. Hedge funds and other institutional investors own 89.40% of the company’s stock.

Shares of NASDAQ:COOP traded down $0.32 during midday trading on Monday, reaching $32.74. The company’s stock had a trading volume of 606,625 shares, compared to its average volume of 908,200. Mr. Cooper Group has a 12-month low of $7.33 and a 12-month high of $37.90. The firm has a 50 day moving average of $34.02 and a 200-day moving average of $28.83. The firm has a market capitalization of $2.97 billion, a P/E ratio of 16.45 and a beta of 1.56. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.00.

About Mr. Cooper Group

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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