PHH Corp. (PHH) Releases Quarterly Earnings Results
PHH Corp. (NYSE:PHH) released its earnings data on Wednesday. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.21, AR Network reports. The company had revenue of $675.00 million for the quarter, compared to the consensus estimate of $636.43 million. During the same quarter last year, the company posted $0.81 earnings per share. PHH Corp.’s revenue was down 13.8% compared to the same quarter last year.
Shares of PHH Corp. (NYSE:PHH) opened at 24.23 on Wednesday. PHH Corp. has a 1-year low of $18.82 and a 1-year high of $26.76. The stock has a 50-day moving average of $24.18 and a 200-day moving average of $23.46. The company has a market cap of $1.387 billion and a P/E ratio of 11.40.
On a related note, analysts at Zacks upgraded shares of PHH Corp. from an “underperform” rating to a “neutral” rating in a research note on Monday. They now have a $25.50 price target on the stock. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $24.10.
PHH Corporation (NYSE:PHH) is an outsource provider of mortgage and fleet management services.
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