Mr. Cooper Group (COOP) to Release Earnings on Wednesday

Mr. Cooper Group (NASDAQ:COOP) will release its earnings data before the market opens on Wednesday, April 24th. Analysts expect Mr. Cooper Group to post earnings of $2.07 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Friday, February 9th. The company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.34. The firm had revenue of $404.00 million during the quarter, compared to the consensus estimate of $398.31 million. Mr. Cooper Group had a net margin of 27.87% and a return on equity of 12.01%. On average, analysts expect Mr. Cooper Group to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Mr. Cooper Group Stock Performance

COOP opened at $75.56 on Wednesday. The firm has a 50 day moving average price of $74.06 and a 200 day moving average price of $65.47. The company has a market cap of $4.93 billion, a PE ratio of 10.29 and a beta of 1.38. Mr. Cooper Group has a 1 year low of $41.74 and a 1 year high of $78.54.

Analyst Ratings Changes

A number of research firms recently issued reports on COOP. Barclays increased their target price on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods increased their target price on shares of Mr. Cooper Group from $83.00 to $86.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft started coverage on shares of Mr. Cooper Group in a research report on Wednesday, January 10th. They issued a “buy” rating and a $88.00 price objective for the company. Finally, Wedbush increased their price objective on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $78.50.

Insider Buying and Selling at Mr. Cooper Group

In related news, President Michael S. Weinbach purchased 17,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was acquired at an average price of $71.16 per share, with a total value of $1,209,720.00. Following the completion of the transaction, the president now owns 17,000 shares of the company’s stock, valued at $1,209,720. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Jesse K. Bray sold 25,000 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $67.56, for a total transaction of $1,689,000.00. Following the transaction, the chief executive officer now directly owns 391,051 shares in the company, valued at $26,419,405.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Michael S. Weinbach bought 17,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was bought at an average price of $71.16 per share, for a total transaction of $1,209,720.00. Following the completion of the purchase, the president now directly owns 17,000 shares of the company’s stock, valued at approximately $1,209,720. The disclosure for this purchase can be found here. Insiders sold 75,000 shares of company stock valued at $5,431,500 over the last 90 days. 3.11% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mr. Cooper Group

Hedge funds have recently added to or reduced their stakes in the stock. Panagora Asset Management Inc. bought a new stake in Mr. Cooper Group in the fourth quarter valued at $237,000. Sei Investments Co. bought a new stake in Mr. Cooper Group in the first quarter valued at $213,000. SVB Wealth LLC bought a new stake in Mr. Cooper Group in the first quarter valued at $213,000. Lazard Asset Management LLC lifted its stake in Mr. Cooper Group by 71.4% in the third quarter. Lazard Asset Management LLC now owns 3,804 shares of the company’s stock valued at $202,000 after buying an additional 1,585 shares during the last quarter. Finally, Evergreen Capital Management LLC bought a new stake in Mr. Cooper Group in the first quarter valued at $201,000. 89.82% of the stock is currently owned by institutional investors.

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.