Q2 2024 EPS Estimates for Mr. Cooper Group Inc. (NASDAQ:COOP) Increased by Wedbush

Mr. Cooper Group Inc. (NASDAQ:COOP) – Equities research analysts at Wedbush upped their Q2 2024 earnings per share estimates for Mr. Cooper Group in a report issued on Thursday, April 25th. Wedbush analyst J. Mccanless now forecasts that the company will earn $2.44 per share for the quarter, up from their prior estimate of $2.16. Wedbush has a “Outperform” rating and a $100.00 price target on the stock. The consensus estimate for Mr. Cooper Group’s current full-year earnings is $9.48 per share. Wedbush also issued estimates for Mr. Cooper Group’s FY2024 earnings at $9.45 EPS.

Several other research firms have also recently weighed in on COOP. Jefferies Financial Group lifted their price objective on Mr. Cooper Group from $74.00 to $80.00 and gave the company a “hold” rating in a report on Friday, April 19th. Barclays raised their target price on shares of Mr. Cooper Group from $85.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $92.00 price target (up previously from $86.00) on shares of Mr. Cooper Group in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Mr. Cooper Group from $88.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $82.22.

Mr. Cooper Group Stock Down 0.0 %

COOP opened at $78.73 on Monday. The stock has a market cap of $5.10 billion, a P/E ratio of 8.24 and a beta of 1.38. Mr. Cooper Group has a 12 month low of $41.74 and a 12 month high of $81.98. The company has a fifty day simple moving average of $75.09 and a 200 day simple moving average of $66.81.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Wednesday, April 24th. The company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.17. The company had revenue of $564.00 million for the quarter, compared to analyst estimates of $498.15 million. Mr. Cooper Group had a net margin of 31.75% and a return on equity of 13.31%.

Insider Activity

In related news, President Michael S. Weinbach purchased 17,000 shares of Mr. Cooper Group stock in a transaction that occurred on Tuesday, February 13th. The shares were acquired at an average price of $71.16 per share, with a total value of $1,209,720.00. Following the completion of the transaction, the president now directly owns 17,000 shares of the company’s stock, valued at approximately $1,209,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, President Michael S. Weinbach purchased 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was acquired at an average price of $71.16 per share, with a total value of $1,209,720.00. Following the completion of the purchase, the president now directly owns 17,000 shares in the company, valued at $1,209,720. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jesse K. Bray sold 25,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $78.09, for a total transaction of $1,952,250.00. Following the sale, the chief executive officer now directly owns 334,631 shares of the company’s stock, valued at approximately $26,131,334.79. The disclosure for this sale can be found here. 2.33% of the stock is owned by company insiders.

Institutional Trading of Mr. Cooper Group

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Mr. Cooper Group in the third quarter worth about $198,000. Exchange Traded Concepts LLC acquired a new position in Mr. Cooper Group in the 3rd quarter worth about $667,000. Xponance Inc. raised its position in Mr. Cooper Group by 47.1% in the third quarter. Xponance Inc. now owns 5,837 shares of the company’s stock valued at $313,000 after purchasing an additional 1,868 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Mr. Cooper Group by 22.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 23,314 shares of the company’s stock valued at $1,249,000 after purchasing an additional 4,211 shares during the last quarter. Finally, Bailard Inc. acquired a new stake in shares of Mr. Cooper Group during the third quarter valued at about $434,000. Institutional investors and hedge funds own 89.82% of the company’s stock.

About Mr. Cooper Group

Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.