Nationstar Mortgage Holdings Inc (NYSE:NSM) – Research analysts at Wedbush raised their FY2018 earnings per share estimates for Nationstar Mortgage in a note issued to investors on Wednesday. Wedbush analyst H. Coffey now expects that the financial services provider will earn $2.40 per share for the year, up from their previous estimate of $2.00. Wedbush also issued estimates for Nationstar Mortgage’s FY2019 earnings at $2.60 EPS.

Nationstar Mortgage (NYSE:NSM) last announced its earnings results on Thursday, November 2nd. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $406.00 million for the quarter, compared to the consensus estimate of $481.67 million. Nationstar Mortgage had a return on equity of 8.88% and a net margin of 9.34%. During the same period last year, the business posted $0.52 EPS.

Other equities research analysts also recently issued reports about the company. Piper Jaffray Companies reiterated a “hold” rating and set a $18.00 target price on shares of Nationstar Mortgage in a report on Thursday. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $20.00 target price on shares of Nationstar Mortgage in a report on Thursday, September 14th. Zacks Investment Research downgraded Nationstar Mortgage from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Finally, ValuEngine upgraded Nationstar Mortgage from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $18.67.

Shares of Nationstar Mortgage (NYSE:NSM) traded up $0.08 during trading hours on Friday, hitting $18.62. The company had a trading volume of 379,800 shares, compared to its average volume of 293,650. The stock has a market cap of $1,820.00, a P/E ratio of 10.06 and a beta of 1.41. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 6.26. Nationstar Mortgage has a 1-year low of $14.67 and a 1-year high of $20.71.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rubric Capital Management LP grew its stake in Nationstar Mortgage by 14.8% during the 3rd quarter. Rubric Capital Management LP now owns 923,774 shares of the financial services provider’s stock valued at $17,154,000 after purchasing an additional 119,137 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Nationstar Mortgage during the 3rd quarter valued at approximately $486,000. Engineers Gate Manager LP acquired a new stake in Nationstar Mortgage during the 3rd quarter valued at approximately $227,000. Convergence Investment Partners LLC grew its stake in Nationstar Mortgage by 11.6% during the 3rd quarter. Convergence Investment Partners LLC now owns 76,420 shares of the financial services provider’s stock valued at $1,419,000 after purchasing an additional 7,930 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Nationstar Mortgage by 44.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 895,132 shares of the financial services provider’s stock valued at $16,622,000 after purchasing an additional 275,248 shares in the last quarter. Hedge funds and other institutional investors own 98.42% of the company’s stock.

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About Nationstar Mortgage

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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