Wedbush Weighs in on Nationstar Mortgage Holdings Inc’s Q2 2019 Earnings (NSM)

Nationstar Mortgage Holdings Inc (NYSE:NSM) – Research analysts at Wedbush issued their Q2 2019 earnings estimates for shares of Nationstar Mortgage in a note issued to investors on Tuesday. Wedbush analyst H. Coffey anticipates that the financial services provider will earn $0.58 per share for the quarter. Wedbush also issued estimates for Nationstar Mortgage’s Q3 2019 earnings at $0.57 EPS and Q4 2019 earnings at $0.57 EPS.

Several other research firms also recently commented on NSM. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $20.00 price objective on shares of Nationstar Mortgage in a report on Thursday, October 26th. Zacks Investment Research downgraded shares of Nationstar Mortgage from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Piper Jaffray Companies restated a “hold” rating and issued a $18.00 price target on shares of Nationstar Mortgage in a research note on Thursday, January 11th. Finally, ValuEngine upgraded shares of Nationstar Mortgage from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $18.28.

Nationstar Mortgage (NYSE NSM) traded up $0.34 during trading hours on Wednesday, hitting $16.97. 1,610,437 shares of the company’s stock traded hands, compared to its average volume of 444,392. Nationstar Mortgage has a 12-month low of $14.67 and a 12-month high of $20.71. The firm has a market capitalization of $1,671.12, a P/E ratio of 8.75 and a beta of 1.22. The company has a debt-to-equity ratio of 6.26, a quick ratio of 0.46 and a current ratio of 0.46.

A number of large investors have recently added to or reduced their stakes in the business. Quantitative Investment Management LLC increased its position in Nationstar Mortgage by 220.6% during the 4th quarter. Quantitative Investment Management LLC now owns 57,700 shares of the financial services provider’s stock valued at $1,067,000 after purchasing an additional 39,700 shares during the period. Renaissance Technologies LLC increased its position in Nationstar Mortgage by 205.6% during the 4th quarter. Renaissance Technologies LLC now owns 130,800 shares of the financial services provider’s stock valued at $2,420,000 after purchasing an additional 88,000 shares during the period. Alliancebernstein L.P. increased its position in Nationstar Mortgage by 402.2% during the 4th quarter. Alliancebernstein L.P. now owns 291,280 shares of the financial services provider’s stock valued at $5,389,000 after purchasing an additional 233,280 shares during the period. Quinn Opportunity Partners LLC increased its position in Nationstar Mortgage by 10.4% during the 4th quarter. Quinn Opportunity Partners LLC now owns 52,787 shares of the financial services provider’s stock valued at $977,000 after purchasing an additional 4,982 shares during the period. Finally, Geode Capital Management LLC increased its position in Nationstar Mortgage by 17.8% during the 4th quarter. Geode Capital Management LLC now owns 318,973 shares of the financial services provider’s stock valued at $5,901,000 after purchasing an additional 48,312 shares during the period. 98.76% of the stock is owned by institutional investors and hedge funds.

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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.

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

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