Mr. Cooper Group (COOP) to Release Quarterly Earnings on Wednesday

Mr. Cooper Group (NASDAQ:COOP) is scheduled to post 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. Investors that wish to register for the company’s conference call can do so using this link.

Mr. Cooper Group (NASDAQ:COOP) last released its earnings results on Thursday, July 25th. The company reported $2.52 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $552.09 million. During the same period last year, the firm 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 $13 EPS for the next fiscal year.

Mr. Cooper Group Price Performance

COOP opened at $95.93 on Wednesday. The company has a market capitalization of $6.21 billion, a PE ratio of 10.05 and a beta of 1.40. The business has a 50-day moving average of $91.18 and a 200-day moving average of $85.22. Mr. Cooper Group has a fifty-two week low of $52.50 and a fifty-two week high of $97.26.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on COOP. Barclays upped their target price 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. Piper Sandler raised their price objective on Mr. Cooper Group from $91.00 to $106.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Wedbush increased their price target on Mr. Cooper Group from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods cut Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price target for the company. in a report on Monday, July 22nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.