Mr. Cooper Group Inc. (NASDAQ: COOP) – Stock analysts at Jefferies Financial Group released their earnings per share (EPS) estimates for fiscal 2021 for Mr. Cooper Group in a research report released on Tuesday, January 11. . Jefferies Financial Group analyst K. Joseph predicts the company will post earnings per share of $ 8.49 for the year. Jefferies Financial Group also released estimates for Mr. Cooper’s fourth quarter 2021 earnings at $ 1.22 per share, first quarter 2022 earnings at $ 1.43 per share, second quarter 2022 earnings at 1, $ 35 per share, third quarter 2022 earnings at $ 1.24 per share, fourth quarter 2022 earnings at $ 1.25 per share, year 2022 earnings at $ 5.27 EPS, first quarter earnings quarter 2023 at $ 1.59 EPS, second quarter 2023 earnings at $ 1.52 EPS, and fourth quarter 2023 earnings at $ 1.69 EPS.
Several other analysts also recently commented on the title. Barclays raised its price target for Mr. Cooper Group shares from $ 39.00 to $ 46.00 and gave the company an “equal weight” rating in a research note Monday. Piper Sandler raised her price target for Mr. Cooper Group shares from $ 48.00 to $ 60.00 and assigned the stock an “overweight” rating in a research report published on Tuesday, November 2. Credit Suisse Group raised its price target for Mr. Cooper Group shares from $ 46.00 to $ 52.00 and assigned the stock an “outperformance” rating in a report released on Friday, October 29. Finally, Zacks Investment Research downgraded Mr. Cooper Group’s shares from a “hold” rating to a “buy” rating and set a target price of $ 48.00 for the company in a report released on Tuesday, November 16. . Two equity research analysts rated the stock with a conservation rating and three gave the stock a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $ 47.83.
Shares of Mr. Cooper Group opened at $ 43.14 on Thursday. The company’s 50-day average mobile price is $ 41.71, and its 200-day average mobile price is $ 39.86. The Mr. Cooper group has a 52 week low of $ 26.93 and a 52 week high of $ 45.27. The company has a market cap of $ 3.24 billion, a P / E ratio of 2.69 and a beta of 1.59. Mr. Cooper Group (NASDAQ: COOP) last released its quarterly earnings data on Thursday, October 28. The company reported EPS of $ 2.42 for the quarter, beating analyst consensus estimates of $ 1.97 by $ 0.45. Mr. Cooper Group had a net margin of 39.82% and a return on equity of 29.79%. The company posted revenue of $ 860.00 million in the quarter, compared to analysts’ expectations of $ 648.32 million. During the same period last year, the company posted EPS of $ 2.76. The company’s revenue was down 1.4% year-over-year.
Large investors have recently changed their holdings in the company. UBS Asset Management Americas Inc. increased its position in Mr. Cooper Group by 13.4% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 94,037 shares of the company valued at $ 3,872,000 after acquiring an additional 11,088 shares during the last quarter. Comerica Bank increased its stake in Mr. Cooper Group by 22.5% during the 3rd quarter. Comerica Bank now owns 78,043 shares of the company valued at $ 3,447,000 after purchasing an additional 14,312 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Mr. Cooper Group shares by 12.7% in the third quarter. Bank of New York Mellon Corp now owns 842,626 shares of the company valued at $ 34,690,000 after purchasing an additional 95,189 shares in the last quarter. Cetera Advisor Networks LLC purchased a new position in Mr. Cooper Group shares in the third quarter valued at $ 202,000. Finally, BNP Paribas Arbitrage SA increased its stake in Mr. Cooper Group shares by 22.0% in the third quarter. BNP Paribas Arbitrage SA now owns 89,301 shares of the company valued at $ 3,677,000 after purchasing an additional 16,090 shares during the period. Institutional investors and hedge funds hold 83.80% of the company’s shares.
In addition, CEO Jesse K. Bray sold 10,000 shares of the M. Cooper group in a transaction on Monday, December 20. The stock was sold at an average price of $ 39.02, for a total trade of $ 390,200.00. The transaction was disclosed in a file with the Securities & Exchange Commission, which is accessible through the SEC website. In the past three months, insiders have sold 30,000 shares of the company valued at $ 1,253,000. 2.17% of the shares are held by insiders.
About the M. Cooper Group
Mr. Cooper Group, Inc. engages in the provision of residential loan services. It operated through the following segments: Maintenance, Originations, Xome and Corporate / Other. The Services segment involves collecting loan payments, remitting principal and interest payments to investors, managing escrow funds for the payment of mortgage-related expenses, such as taxes and insurance, making payments loss mitigation activities on behalf of investors and otherwise administer the mortgage loan services portfolio. .
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