Nationstar Mortgage Holdings Inc (NSM) Releases Q4 Earnings Guidance
Nationstar Mortgage Holdings Inc (NYSE:NSM) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of ($0.24)-(0.19) for the period, compared to the Thomson Reuters consensus estimate of ($0.05), American Banking News reports. Nationstar Mortgage Holdings also updated its FY14 guidance to $4.50-6.00 EPS.
Nationstar Mortgage Holdings Inc (NYSE:NSM) traded up 1.95% on Wednesday, hitting $29.2601. 736,920 shares of the company’s stock traded hands. Nationstar Mortgage Holdings Inc has a one year low of $24.50 and a one year high of $57.95. The stock has a 50-day moving average of $31.79 and a 200-day moving average of $44.17. The company has a market cap of $2.604 billion and a P/E ratio of 7.78.
A number of analysts have recently weighed in on NSM shares. 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 analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus 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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