Nationstar Mortgage Holdings Inc. (NSM) Releases Earnings Results, Beats Estimates By $0.01 EPS
Nationstar Mortgage Holdings Inc. (NYSE:NSM) issued its quarterly earnings data on Thursday. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01, Bloomberg Earnings reports. Nationstar Mortgage Holdings had a net margin of 9.34% and a return on equity of 8.88%. The firm had revenue of $406.00 million for the quarter, compared to the consensus estimate of $481.67 million. During the same quarter in the previous year, the firm earned $0.52 EPS.
Nationstar Mortgage Holdings (NYSE NSM) traded down $0.67 during trading hours on Friday, reaching $18.75. 399,211 shares of the company’s stock traded hands, compared to its average volume of 782,035. The company has a market cap of $1,832.16, a PE ratio of 12.25 and a beta of 1.48. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 6.58.
A number of brokerages have recently issued reports on NSM. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Nationstar Mortgage Holdings in a research report on Thursday, October 26th. Zacks Investment Research downgraded shares of Nationstar Mortgage Holdings from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. ValuEngine raised shares of Nationstar Mortgage Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 26th. BidaskClub downgraded shares of Nationstar Mortgage Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Finally, Piper Jaffray Companies reaffirmed a “sell” rating and issued a $15.00 price objective on shares of Nationstar Mortgage Holdings in a research report on Thursday, August 3rd. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Nationstar Mortgage Holdings presently has an average rating of “Hold” and a consensus target price of $18.50.
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.
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