Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Ocwen Financial (OCN) Stock Price
News stories about Ocwen Financial (NYSE:OCN) have trended somewhat positive on Thursday, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ocwen Financial earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 45.3231332807365 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Ocwen Financial (OCN) opened at $3.03 on Thursday. Ocwen Financial has a 1-year low of $2.12 and a 1-year high of $5.97. The company has a current ratio of 5.07, a quick ratio of 5.07 and a debt-to-equity ratio of 9.82. The firm has a market capitalization of $396.50, a PE ratio of -4.04 and a beta of 1.54.
Ocwen Financial (NYSE:OCN) last released its quarterly earnings data on Thursday, November 2nd. The financial services provider reported ($0.23) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.38) by $0.15. Ocwen Financial had a negative return on equity of 19.14% and a negative net margin of 7.56%. analysts forecast that Ocwen Financial will post -1.11 earnings per share for the current fiscal year.
Ocwen Financial Company Profile
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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