Mr. Cooper Group (COOP) Scheduled to Post Earnings on Thursday

Mr. Cooper Group (NASDAQ:COOP) will be posting its quarterly earnings results before the market opens on Thursday, July 25th. Analysts expect Mr. Cooper Group to post earnings of $2.33 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data on Wednesday, April 24th. The company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.17. Mr. Cooper Group had a return on equity of 13.31% and a net margin of 31.75%. The company had revenue of $564.00 million during the quarter, compared to the consensus estimate of $498.15 million. 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 Price Performance

Mr. Cooper Group stock opened at $88.75 on Wednesday. The business has a 50 day moving average of $82.92 and a 200-day moving average of $76.55. Mr. Cooper Group has a 1 year low of $52.46 and a 1 year high of $90.33. The company has a market capitalization of $5.74 billion, a P/E ratio of 9.29 and a beta of 1.39.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $78.79, for a total transaction of $1,969,750.00. Following the completion of the sale, the chief executive officer now owns 309,631 shares of the company’s stock, valued at approximately $24,395,826.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $78.79, for a total value of $1,969,750.00. Following the transaction, the chief executive officer now directly owns 309,631 shares in the company, valued at approximately $24,395,826.49. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael R. Rawls sold 27,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $82.18, for a total value of $2,218,860.00. Following the completion of the transaction, the chief executive officer now owns 57,623 shares in the company, valued at $4,735,458.14. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock valued at $8,247,360 in the last quarter. 2.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on COOP. Wedbush increased their target price on shares of Mr. Cooper Group from $85.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Keefe, Bruyette & Woods downgraded shares of Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 target price for the company. in a research report on Monday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Mr. Cooper Group from $88.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Jefferies Financial Group increased their target price on shares of Mr. Cooper Group from $74.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Finally, Barclays increased their target price on shares of Mr. Cooper Group from $85.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Mr. Cooper Group presently has an average rating of “Moderate Buy” and an average price target of $85.50.

About Mr. Cooper Group

Mr. Cooper Group Inc, together with its subsidiaries, operates as a non-bank servicer of residential mortgage loans in the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, customer service, modifying loans, performing collections, foreclosures, and the sale of real estate owned.