Nationstar Mortgage Holdings Inc (NSM) Issues FY14 Earnings Guidance
Nationstar Mortgage Holdings Inc (NYSE:NSM) issued an update on its FY14 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $4.50-6.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.59, StockRatingsNetwork.com reports. Nationstar Mortgage Holdings also updated its Q4 guidance to ($0.24)-(0.19) EPS.
Shares of Nationstar Mortgage Holdings Inc (NYSE:NSM) traded up 2.06% on Wednesday, hitting $29.29. The stock had a trading volume of 670,823 shares. Nationstar Mortgage Holdings Inc has a 52 week low of $24.50 and a 52 week high of $57.95. The stock’s 50-day moving average is $31.79 and its 200-day moving average is $44.17. The company has a market cap of $2.607 billion and a price-to-earnings ratio of 7.78.
NSM has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Nationstar Mortgage Holdings from a neutral rating to an underperform rating in a research note on Monday. They now have a $26.20 price target on the stock. On a related note, analysts at Jefferies Group cut their price target on shares of Nationstar Mortgage Holdings from $53.00 to $42.00 in a research note on Friday, January 31st. Finally, analysts at Sterne Agee downgraded shares of Nationstar Mortgage Holdings from a buy rating to a neutral rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $47.24.
Nationstar Mortgage Holdings Inc is a non-bank residential mortgage servicer with a range of services across the residential mortgage product spectrum.
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