Nationstar Mortgage Holdings Inc. (NSM) Announces Quarterly Earnings Results
Nationstar Mortgage Holdings Inc. (NYSE:NSM) announced its quarterly earnings results on Thursday. The financial services provider reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.01, Bloomberg Earnings reports. The company had revenue of $406.00 million for the quarter, compared to analyst estimates of $481.67 million. Nationstar Mortgage Holdings had a net margin of 9.34% and a return on equity of 8.88%. During the same quarter last year, the business earned $0.52 EPS.
Nationstar Mortgage Holdings (NYSE:NSM) traded down $0.67 during trading hours on Friday, hitting $18.75. 399,211 shares of the company traded hands, compared to its average volume of 782,035. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market cap of $1,832.16, a price-to-earnings ratio of 12.25 and a beta of 1.48.
NSM has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $20.00 price target on shares of Nationstar Mortgage Holdings in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of Nationstar Mortgage Holdings from a “sell” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Thursday, July 20th. Piper Jaffray Companies reiterated a “sell” rating and issued a $15.00 price target on shares of Nationstar Mortgage Holdings in a report on Thursday, August 3rd. ValuEngine upgraded shares of Nationstar Mortgage Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 26th. Finally, BidaskClub lowered shares of Nationstar Mortgage Holdings from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Nationstar Mortgage Holdings presently has a consensus rating of “Hold” and a consensus target price of $18.50.
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Nationstar Mortgage Holdings Company Profile
Nationstar Mortgage Holdings Inc provides servicing, origination and transaction based services principally to single-family residences throughout the United States. The Company operates through three segments: Servicing, Originations and Xome. The Company provides residential loan services in the United States.
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