Mr. Cooper Group (COOP) Set to Announce Earnings on Wednesday

Mr. Cooper Group (NASDAQ:COOP) is set to post its quarterly earnings results before the market opens on Wednesday, April 24th. Analysts expect Mr. Cooper Group to post earnings of $2.07 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Friday, February 9th. The company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.34. Mr. Cooper Group had a return on equity of 12.01% and a net margin of 27.87%. The business had revenue of $404.00 million for the quarter, compared to analysts’ expectations of $398.31 million. On average, analysts expect Mr. Cooper Group to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Mr. Cooper Group Stock Up 0.1 %

Shares of COOP opened at $75.56 on Wednesday. The business’s 50 day moving average price is $74.06 and its 200-day moving average price is $65.47. Mr. Cooper Group has a 52 week low of $41.74 and a 52 week high of $78.54. The stock has a market cap of $4.93 billion, a P/E ratio of 10.29 and a beta of 1.38.

Insider Buying and Selling at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $67.56, for a total transaction of $1,689,000.00. Following the completion of the sale, the chief executive officer now directly owns 391,051 shares in the company, valued at approximately $26,419,405.56. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $67.56, for a total transaction of $1,689,000.00. Following the completion of the sale, the chief executive officer now directly owns 391,051 shares in the company, valued at approximately $26,419,405.56. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, President Michael S. Weinbach bought 17,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was bought at an average cost of $71.16 per share, for a total transaction of $1,209,720.00. Following the completion of the acquisition, the president now owns 17,000 shares in the company, valued at approximately $1,209,720. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 75,000 shares of company stock worth $5,431,500. Insiders own 3.11% of the company’s stock.

Institutional Investors Weigh In On Mr. Cooper Group

Institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its position in shares of Mr. Cooper Group by 4.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,052 shares of the company’s stock valued at $2,348,000 after purchasing an additional 1,646 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Mr. Cooper Group in the fourth quarter worth about $1,695,000. Public Employees Retirement System of Ohio grew its position in Mr. Cooper Group by 2,474.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 21,551 shares of the company’s stock worth $1,403,000 after acquiring an additional 20,714 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Mr. Cooper Group by 22.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,002 shares of the company’s stock worth $521,000 after purchasing an additional 1,441 shares during the last quarter. Finally, Barclays PLC lifted its stake in Mr. Cooper Group by 215.9% in the fourth quarter. Barclays PLC now owns 104,351 shares of the company’s stock worth $6,796,000 after purchasing an additional 71,322 shares during the last quarter. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wedbush boosted their price target on Mr. Cooper Group from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mr. Cooper Group in a report on Wednesday, January 10th. They issued a “buy” rating and a $88.00 price objective for the company. Keefe, Bruyette & Woods boosted their price objective on shares of Mr. Cooper Group from $83.00 to $86.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Finally, Barclays boosted their price objective on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $78.50.

Mr. Cooper Group Company Profile

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.