Ocwen Financial Corporation (OCN) Getting Somewhat Favorable Media Coverage, Report Shows
News stories about Ocwen Financial Corporation (NYSE:OCN) have been trending somewhat positive on Monday, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ocwen Financial Corporation earned a news impact score of 0.05 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.6840444875987 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Commit To Purchase Ocwen Financial Corp. At $3, Earn 10% Using Options – TheStreet.com (thestreet.com)
- Stock Watch Evaluation: Ocwen Financial Corporation (NYSE: OCN) – Alpha Beta Stock (alphabetastock.com)
- Ocwen Financial Corporation (OCN) Set to Announce Quarterly Earnings on Thursday (americanbankingnews.com)
- Ocwen Financial Corporation Schedules Conference Call – 3rd Quarter 2017 Results (nasdaq.com)
Ocwen Financial Corporation (NYSE:OCN) traded down 0.85% during trading on Monday, hitting $3.49. The stock had a trading volume of 2,060,445 shares. The firm’s market cap is $456.70 million. Ocwen Financial Corporation has a 52 week low of $2.12 and a 52 week high of $6.15. The company’s 50-day moving average is $3.45 and its 200 day moving average is $2.98.
Ocwen Financial Corporation (NYSE:OCN) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported ($0.36) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.17). The business had revenue of $311.30 million during the quarter, compared to the consensus estimate of $295.33 million. Ocwen Financial Corporation had a negative return on equity of 12.41% and a negative net margin of 5.95%. The business’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.71) earnings per share. Equities analysts expect that Ocwen Financial Corporation will post ($0.87) EPS for the current fiscal year.
Several analysts have issued reports on OCN shares. ValuEngine raised shares of Ocwen Financial Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. BidaskClub raised shares of Ocwen Financial Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $3.00 price objective on shares of Ocwen Financial Corporation in a research report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $3.33.
About Ocwen Financial Corporation
Ocwen Financial Corporation is a financial services holding company. The Company, through its subsidiaries, originates and services loans. The Company’s segments include Servicing, Lending, and Corporate Items and Other. The Company’s Servicing segment consists of its residential servicing business. The Company’s Lending segment is focused on originating and purchasing conventional and government-insured residential forward and reverse mortgage loans.
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