WMIH (COOP) Releases Earnings Results, Beats Expectations By $0.05 EPS
WMIH (NASDAQ:COOP) released its earnings results on Thursday. The company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.05, Fidelity Earnings reports. WMIH had a net margin of 229.44% and a return on equity of 18.07%.
Shares of NASDAQ:COOP traded down $0.21 during midday trading on Friday, reaching $15.11. The company’s stock had a trading volume of 807,671 shares, compared to its average volume of 700,211. The company has a market capitalization of $259.35 million, a PE ratio of 125.92 and a beta of -0.63. WMIH has a 12-month low of $7.20 and a 12-month high of $20.04.
A number of analysts have recently weighed in on COOP shares. Wedbush reaffirmed a “buy” rating and issued a $23.00 target price on shares of WMIH in a research report on Wednesday, October 17th. Barclays raised shares of WMIH from an “underweight” rating to a “hold” rating and set a $18.00 target price on the stock in a research report on Friday. Zacks Investment Research raised shares of WMIH from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Finally, Piper Jaffray Companies raised shares of WMIH from an “underweight” rating to a “neutral” rating in a research report on Tuesday, October 30th.
Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related principally to single-family residences in the United States. It offers home loan servicers focused on delivering various servicing and lending products, services, and technologies. The company provides technology and data enhanced solutions to homebuyers, home sellers, real estate agents, and mortgage companies.
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