Nationstar Mortgage Holdings Inc to Post FY2018 Earnings of $2.40 Per Share, Wedbush Forecasts (NSM)
Nationstar Mortgage Holdings Inc (NYSE:NSM) – Research analysts at Wedbush boosted their FY2018 earnings per share estimates for shares of Nationstar Mortgage in a research note issued to investors on Wednesday. Wedbush analyst H. Coffey now anticipates that the financial services provider will earn $2.40 per share for the year, up from their previous estimate of $2.00. Wedbush also issued estimates for Nationstar Mortgage’s FY2019 earnings at $2.60 EPS.
A number of other analysts have also commented on the company. Zacks Investment Research lowered Nationstar Mortgage from a “hold” rating to a “sell” rating in a report on Friday, October 20th. ValuEngine upgraded Nationstar Mortgage from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $20.00 price target on shares of Nationstar Mortgage in a report on Thursday, October 26th. Finally, Piper Jaffray Companies upgraded Nationstar Mortgage from an “underweight” rating to a “neutral” rating in a report on Tuesday, November 21st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $18.67.
Shares of Nationstar Mortgage (NYSE NSM) opened at $18.94 on Friday. The company has a market capitalization of $1,819.67, a PE ratio of 9.97 and a beta of 1.42. Nationstar Mortgage has a twelve month low of $14.67 and a twelve month high of $20.71. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 6.26.
Nationstar Mortgage (NYSE:NSM) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $406.00 million for the quarter, compared to analyst estimates of $481.67 million. Nationstar Mortgage had a return on equity of 8.88% and a net margin of 9.34%. During the same period in the previous year, the company posted $0.52 earnings per share.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Nationstar Mortgage by 16.5% during the second quarter. Vanguard Group Inc. now owns 3,063,878 shares of the financial services provider’s stock worth $54,813,000 after acquiring an additional 434,111 shares in the last quarter. Rubric Capital Management LP raised its holdings in Nationstar Mortgage by 14.8% during the third quarter. Rubric Capital Management LP now owns 923,774 shares of the financial services provider’s stock worth $17,154,000 after acquiring an additional 119,137 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Nationstar Mortgage by 44.4% during the third quarter. Dimensional Fund Advisors LP now owns 895,132 shares of the financial services provider’s stock worth $16,622,000 after acquiring an additional 275,248 shares in the last quarter. FMR LLC raised its holdings in Nationstar Mortgage by 73.5% during the second quarter. FMR LLC now owns 683,532 shares of the financial services provider’s stock worth $12,228,000 after acquiring an additional 289,637 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Nationstar Mortgage by 2,308.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 681,716 shares of the financial services provider’s stock worth $12,196,000 after acquiring an additional 653,407 shares in the last quarter. Institutional investors and hedge funds own 98.42% of the company’s stock.
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About Nationstar Mortgage
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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