Nationstar Mortgage Holdings (NSM) Posts Quarterly Earnings Results
Nationstar Mortgage Holdings (NYSE:NSM) announced its earnings results on Wednesday. The company reported $0.87 EPS for the quarter, Analyst RN reports. The company had revenue of $576.73 million for the quarter, compared to the consensus estimate of $369.92 million.
A number of analysts have recently weighed in on NSM shares. Analysts at Wells Fargo & Co. downgraded shares of Nationstar Mortgage Holdings from a “market perform” rating to an “underperform” rating in a research note on Wednesday, July 16th. On the ratings front, analysts at Zacks upgraded shares of Nationstar Mortgage Holdings from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 12th. They now have a $38.00 price target on the stock. Finally, analysts at Jefferies Group downgraded shares of Nationstar Mortgage Holdings from a “buy” rating to a “hold” rating in a research note on Friday, May 16th. They now have a $32.00 price target on the stock, down previously from $42.00. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $42.63.
Nationstar Mortgage Holdings (NYSE:NSM) opened at 30.06 on Wednesday. Nationstar Mortgage Holdings has a 52 week low of $24.50 and a 52 week high of $57.95. The stock’s 50-day moving average is $34.03 and its 200-day moving average is $32.02. The company has a market cap of $2.664 billion and a P/E ratio of 15.19.
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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