Analysts expect that Mr. Cooper Group Inc (NASDAQ:COOP) will announce $0.41 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Mr. Cooper Group’s earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.30. Mr. Cooper Group reported earnings of ($0.12) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 441.7%. The firm is expected to announce its next earnings report on Friday, July 26th.

According to Zacks, analysts expect that Mr. Cooper Group will report full-year earnings of $1.45 per share for the current year. For the next financial year, analysts anticipate that the business will report earnings of $2.02 per share, with EPS estimates ranging from $1.60 to $2.43. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Mr. Cooper Group.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.33. Mr. Cooper Group had a net margin of 47.66% and a return on equity of 62.93%. The business had revenue of $250.00 million during the quarter, compared to analysts’ expectations of $455.10 million.

COOP has been the subject of several research analyst reports. Barclays set a $18.00 target price on shares of Mr. Cooper Group and gave the company a “hold” rating in a research note on Friday, March 8th. ValuEngine cut shares of Mr. Cooper Group from a “hold” rating to a “sell” rating in a research note on Tuesday, March 19th. Piper Jaffray Companies cut shares of Mr. Cooper Group from a “neutral” rating to an “underweight” rating in a research note on Wednesday, March 20th. Zacks Investment Research cut shares of Mr. Cooper Group from a “hold” rating to a “strong sell” rating in a research note on Friday, March 22nd. Finally, Wedbush set a $13.50 target price on shares of Mr. Cooper Group and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $15.63.

NASDAQ:COOP traded down $0.03 during trading hours on Monday, hitting $8.98. 7,209 shares of the company traded hands, compared to its average volume of 982,783. Mr. Cooper Group has a twelve month low of $8.05 and a twelve month high of $20.04. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 3.63.

In other Mr. Cooper Group news, Vice Chairman Christopher G. Marshall acquired 110,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was bought at an average price of $9.08 per share, for a total transaction of $998,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jesse K. Bray acquired 52,910 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was acquired at an average price of $9.36 per share, with a total value of $495,237.60. The disclosure for this purchase can be found here. 0.93% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in COOP. PNC Financial Services Group Inc. purchased a new stake in shares of Mr. Cooper Group in the fourth quarter worth approximately $28,000. Bronfman E.L. Rothschild L.P. bought a new stake in Mr. Cooper Group during the 4th quarter valued at $46,000. Royce & Associates LP bought a new stake in Mr. Cooper Group during the 1st quarter valued at $46,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Mr. Cooper Group during the 4th quarter valued at $56,000. Finally, Great West Life Assurance Co. Can bought a new stake in Mr. Cooper Group during the 4th quarter valued at $99,000. Institutional investors own 86.27% of the company’s stock.

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related principally to single-family residences in the United States. The company operates through three segments: Servicing, Originations, and Xome. The Servicing segment performs activities for originated and purchased loans, as well as operates as a subservicer for various clients that own the underlying servicing rights.

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Earnings History and Estimates for Mr. Cooper Group (NASDAQ:COOP)

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