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

Mr. Cooper Group (NASDAQ:COOP) is set to issue its quarterly earnings data before the market opens on Wednesday, October 23rd. Analysts expect the company to announce earnings of $2.52 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Thursday, July 25th. The company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.19. The firm had revenue of $583.00 million during the quarter, compared to analyst estimates of $552.09 million. Mr. Cooper Group had a net margin of 33.22% and a return on equity of 14.10%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.66 EPS. On average, analysts expect Mr. Cooper Group to post $10 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Mr. Cooper Group Stock Performance

NASDAQ:COOP opened at $95.93 on Wednesday. The company has a fifty day moving average of $91.18 and a two-hundred day moving average of $85.22. The stock has a market capitalization of $6.21 billion, a PE ratio of 10.05 and a beta of 1.40. Mr. Cooper Group has a fifty-two week low of $52.50 and a fifty-two week high of $97.26.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Barclays increased their price target on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods downgraded shares of Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price objective on the stock. in a research report on Monday, July 22nd. Piper Sandler raised their price objective on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Finally, Wedbush boosted their price objective on Mr. Cooper Group from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Mr. Cooper Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.29.

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc, together with its subsidiaries, operates as a non-bank servicer of residential mortgage loans in the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, customer service, modifying loans, performing collections, foreclosures, and the sale of real estate owned.