Mr. Cooper Group (COOP) Set to Announce Earnings on Wednesday

Mr. Cooper Group (NASDAQ:COOP) will be posting its quarterly earnings results before the market opens on Wednesday, October 23rd. Analysts expect Mr. Cooper Group to post earnings of $2.52 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Thursday, July 25th. The company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.33 by $0.19. Mr. Cooper Group had a net margin of 33.22% and a return on equity of 14.10%. The business had revenue of $583.00 million during the quarter, compared to the consensus estimate of $552.09 million. During the same quarter last year, the company posted $1.66 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, analysts expect Mr. Cooper Group to post $10 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Mr. Cooper Group Stock Performance

NASDAQ COOP opened at $91.91 on Tuesday. Mr. Cooper Group has a 52-week low of $52.50 and a 52-week high of $97.35. The company has a 50-day simple moving average of $91.83 and a 200 day simple moving average of $85.65. The company has a market capitalization of $5.95 billion, a PE ratio of 9.62 and a beta of 1.40.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on COOP. Barclays raised their price objective on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Wedbush lifted their target price on shares of Mr. Cooper Group from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Piper Sandler lifted their target price on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Finally, 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 note on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $96.29.

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.