Mr. Cooper Group (NASDAQ:COOP – Get Free Report) announced its earnings results on Thursday. The company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.33 by $0.19, Zacks reports. Mr. Cooper Group had a return on equity of 14.10% and a net margin of 33.22%. The business had revenue of $583.00 million for the quarter, compared to analysts’ expectations of $552.09 million. During the same period in the prior year, the business posted $1.66 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis.
Mr. Cooper Group Stock Up 2.2 %
NASDAQ COOP traded up $2.00 on Friday, reaching $94.54. The company had a trading volume of 712,271 shares, compared to its average volume of 503,927. The stock has a market capitalization of $6.12 billion, a P/E ratio of 9.90 and a beta of 1.39. The company’s fifty day moving average is $83.36 and its 200 day moving average is $76.95. Mr. Cooper Group has a 52-week low of $52.46 and a 52-week high of $95.74.
Insider Activity at Mr. Cooper Group
In related news, 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 sale, the chief executive officer now directly owns 57,623 shares of the company’s stock, valued at approximately $4,735,458.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $81.42, for a total transaction of $2,035,500.00. Following the sale, the chief executive officer now directly owns 284,631 shares in the company, valued at approximately $23,174,656.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael R. Rawls sold 27,000 shares of Mr. Cooper Group 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 sale, 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. In the last three months, insiders sold 102,000 shares of company stock valued at $8,247,360. 2.33% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
View Our Latest Report on Mr. Cooper Group
Mr. Cooper Group Company Profile
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.
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