Nationstar Mortgage Holdings Inc. (NSM) Expected to Announce Earnings of $0.37 Per Share
Analysts forecast that Nationstar Mortgage Holdings Inc. (NYSE:NSM) will announce earnings per share of $0.37 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Nationstar Mortgage Holdings’ earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.32. Nationstar Mortgage Holdings reported earnings per share of $0.52 during the same quarter last year, which would suggest a negative year over year growth rate of 28.8%. The company is scheduled to issue its next quarterly earnings report on Wednesday, August 2nd.
On average, analysts expect that Nationstar Mortgage Holdings will report full year earnings of $1.40 per share for the current year, with EPS estimates ranging from $1.23 to $1.70. For the next financial year, analysts expect that the business will report earnings of $1.73 per share, with EPS estimates ranging from $1.42 to $2.05. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Nationstar Mortgage Holdings.
Nationstar Mortgage Holdings (NYSE:NSM) last announced its earnings results on Thursday, May 4th. The financial services provider reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The business had revenue of $427 million for the quarter, compared to analyst estimates of $455.18 million. Nationstar Mortgage Holdings had a return on equity of 10.61% and a net margin of 7.30%. The company’s quarterly revenue was up 61.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 earnings per share.
A number of analysts recently weighed in on the company. Barclays PLC downgraded Nationstar Mortgage Holdings from an “equal weight” rating to an “underweight” rating and set a $15.00 price target on the stock. in a research note on Thursday, February 23rd. FBR & Co lifted their price target on Nationstar Mortgage Holdings from $15.75 to $17.00 and gave the company a “market perform” rating in a research note on Thursday, February 23rd. Zacks Investment Research downgraded Nationstar Mortgage Holdings from a “hold” rating to a “sell” rating in a research note on Friday, February 24th. Credit Suisse Group restated a “buy” rating and issued a $22.00 price target on shares of Nationstar Mortgage Holdings in a research note on Friday, March 3rd. Finally, Piper Jaffray Companies downgraded Nationstar Mortgage Holdings from a “neutral” rating to an “underweight” rating and set a $15.00 price target on the stock. in a research note on Wednesday, March 8th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $17.86.
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Shares of Nationstar Mortgage Holdings (NSM) traded down 1.04% on Thursday, hitting $18.03. The stock had a trading volume of 321,327 shares. The firm’s 50-day moving average is $17.05 and its 200-day moving average is $17.41. Nationstar Mortgage Holdings has a one year low of $10.19 and a one year high of $19.83. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 11.73 and a beta of 1.54.
In other news, Director Michael D. Malone acquired 30,000 shares of Nationstar Mortgage Holdings stock in a transaction that occurred on Wednesday, March 29th. The stock was purchased at an average cost of $15.95 per share, with a total value of $478,500.00. Following the completion of the acquisition, the director now owns 66,059 shares in the company, valued at approximately $1,053,641.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 67.20% of the company’s stock.
A number of institutional investors have recently modified their holdings of NSM. SG Americas Securities LLC purchased a new position in shares of Nationstar Mortgage Holdings during the first quarter valued at about $103,000. Russell Investments Group Ltd. purchased a new position in shares of Nationstar Mortgage Holdings during the fourth quarter valued at about $134,000. Pacad Investment Ltd. boosted its position in shares of Nationstar Mortgage Holdings by 2.3% in the fourth quarter. Pacad Investment Ltd. now owns 8,600 shares of the financial services provider’s stock valued at $155,000 after buying an additional 192 shares in the last quarter. Two Sigma Securities LLC purchased a new position in shares of Nationstar Mortgage Holdings during the first quarter valued at about $161,000. Finally, Koch Industries Inc. purchased a new position in shares of Nationstar Mortgage Holdings during the first quarter valued at about $182,000. 99.98% of the stock is owned by hedge funds and other institutional investors.
About Nationstar Mortgage Holdings
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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