PHH Corp (PHH) to Release Quarterly Earnings on Tuesday

PHH Corp (NYSE:PHH) is scheduled to be announcing its earnings results after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of ($0.72) per share for the quarter.

PHH Corp (NYSE:PHH) last released its quarterly earnings data on Tuesday, August 8th. The credit services provider reported ($0.81) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.31) by $0.50. PHH Corp had a negative net margin of 55.15% and a negative return on equity of 20.67%. The firm had revenue of $112.00 million during the quarter, compared to analysts’ expectations of $121.80 million. During the same period in the previous year, the business posted ($0.08) earnings per share. The company’s revenue for the quarter was down 42.9% compared to the same quarter last year. On average, analysts expect PHH Corp to post $-6 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

PHH Corp (PHH) opened at $12.62 on Monday. The company has a debt-to-equity ratio of 1.34, a current ratio of 5.61 and a quick ratio of 5.61. PHH Corp has a 52-week low of $11.76 and a 52-week high of $15.70.

PHH Corp declared that its board has approved a share buyback program on Tuesday, August 8th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the credit services provider to purchase up to 26.9% of its shares through a dutch auction. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

A number of equities analysts have commented on PHH shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $15.00 price objective on shares of PHH Corp in a research report on Tuesday, September 12th. ValuEngine raised PHH Corp from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research raised PHH Corp from a “sell” rating to a “hold” rating in a report on Saturday, July 22nd. Finally, BidaskClub raised PHH Corp from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. PHH Corp presently has a consensus rating of “Hold” and a consensus target price of $15.83.

In other news, Director Carroll R. Wetzel sold 21,000 shares of PHH Corp stock in a transaction on Monday, September 11th. The stock was sold at an average price of $14.25, for a total transaction of $299,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.52% of the stock is currently owned by company insiders.

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About PHH Corp

PHH Corporation is a standalone mortgage company. The Company provides outsourced mortgage banking services to a range of clients, including financial institutions and real estate brokers throughout the United States, and is focused on originating, selling, servicing and subservicing residential mortgage loans through its subsidiary, PHH Mortgage Corporation and its subsidiaries.

Earnings History for PHH Corp (NYSE:PHH)

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