Mr. Cooper Group (COOP) Projected to Post Quarterly Earnings on Friday

Mr. Cooper Group (NASDAQ:COOP) is projected to announce its earnings results before the market opens on Friday, February 14th. Analysts expect the company to announce earnings of $2.65 per share and revenue of $574.45 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Mr. Cooper Group Stock Up 0.8 %

NASDAQ COOP opened at $105.56 on Friday. The stock’s 50-day moving average price is $98.26 and its 200-day moving average price is $94.28. Mr. Cooper Group has a 52 week low of $65.80 and a 52 week high of $107.85. The company has a market capitalization of $6.75 billion, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 0.30 and a beta of 1.43.

Wall Street Analyst Weigh In

COOP has been the topic of a number of recent analyst reports. Citizens Jmp raised Mr. Cooper Group to a “strong-buy” rating in a report on Tuesday, January 14th. JMP Securities initiated coverage on Mr. Cooper Group in a report on Tuesday, January 14th. They set an “outperform” rating and a $115.00 price target on the stock. Wedbush reissued an “outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, October 24th. Compass Point raised their price target on Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Piper Sandler raised their price target on Mr. Cooper Group from $113.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $104.13.

Insider Activity at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total value of $2,834,700.00. Following the sale, the chief executive officer now directly owns 758,821 shares in the company, valued at $71,700,996.29. The trade was a 3.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.33% of the stock is owned by insiders.

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.