Nationstar Mortgage Holdings Inc. (NYSE:NSM) – Wedbush decreased their FY2017 EPS estimates for Nationstar Mortgage Holdings in a report issued on Wednesday. Wedbush analyst H. Coffey now anticipates that the financial services provider will post earnings per share of $1.65 for the year, down from their prior forecast of $1.70. Wedbush also issued estimates for Nationstar Mortgage Holdings’ Q4 2017 earnings at $0.48 EPS, Q1 2018 earnings at $0.44 EPS, Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.57 EPS and Q4 2018 earnings at $0.50 EPS.

Nationstar Mortgage Holdings (NYSE:NSM) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.09. Nationstar Mortgage Holdings had a return on equity of 9.64% and a net margin of 10.52%. The business had revenue of $380.00 million during the quarter, compared to the consensus estimate of $506.30 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. COPYRIGHT VIOLATION NOTICE: “Brokers Set Expectations for Nationstar Mortgage Holdings Inc.’s FY2017 Earnings (NSM)” was reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.americanbankingnews.com/2017/10/20/brokers-set-expectations-for-nationstar-mortgage-holdings-inc-s-fy2017-earnings-nsm.html.

A number of other research analysts have also weighed in on NSM. BidaskClub lowered Nationstar Mortgage Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Piper Jaffray Companies reaffirmed a “sell” rating and set a $15.00 price objective on shares of Nationstar Mortgage Holdings in a research report on Thursday, August 3rd. ValuEngine raised Nationstar Mortgage Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 26th. TheStreet raised Nationstar Mortgage Holdings from a “d+” rating to a “c-” rating in a research report on Monday, June 26th. Finally, Zacks Investment Research lowered Nationstar Mortgage Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $18.50.

Shares of Nationstar Mortgage Holdings (NSM) traded up 0.71% during midday trading on Friday, reaching $19.85. The company had a trading volume of 24,314 shares. Nationstar Mortgage Holdings has a one year low of $14.24 and a one year high of $20.71. The company has a market capitalization of $1.94 billion, a P/E ratio of 8.68 and a beta of 1.38. The company has a 50-day moving average price of $17.91 and a 200 day moving average price of $17.37.

Several institutional investors have recently bought and sold shares of the business. Nationwide Fund Advisors increased its holdings in shares of Nationstar Mortgage Holdings by 0.8% in the 1st quarter. Nationwide Fund Advisors now owns 19,990 shares of the financial services provider’s stock worth $315,000 after purchasing an additional 163 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Nationstar Mortgage Holdings by 10.5% in the 1st quarter. Stifel Financial Corp now owns 13,125 shares of the financial services provider’s stock worth $207,000 after purchasing an additional 1,245 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of Nationstar Mortgage Holdings by 2.3% in the 1st quarter. Teachers Advisors LLC now owns 56,170 shares of the financial services provider’s stock worth $885,000 after purchasing an additional 1,287 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Nationstar Mortgage Holdings by 1.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 154,165 shares of the financial services provider’s stock worth $2,759,000 after purchasing an additional 1,751 shares in the last quarter. Finally, Voya Investment Management LLC increased its holdings in shares of Nationstar Mortgage Holdings by 14.7% in the 2nd quarter. Voya Investment Management LLC now owns 16,775 shares of the financial services provider’s stock worth $300,000 after purchasing an additional 2,156 shares in the last quarter. 99.01% of the stock is owned by institutional investors and hedge funds.

Nationstar Mortgage Holdings Company Profile

Nationstar Mortgage Holdings Inc provides servicing, origination and transaction based services principally to single-family residences throughout the United States. The Company operates through three segments: Servicing, Originations and Xome. The Company provides residential loan services in the United States.

Earnings History and Estimates for Nationstar Mortgage Holdings (NYSE:NSM)

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