Brokerages Expect Mr. Cooper Group Inc (COOP) Will Announce Quarterly Sales of $437.15 Million

Brokerages forecast that Mr. Cooper Group Inc (NASDAQ:COOP) will report $437.15 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Mr. Cooper Group’s earnings, with the highest sales estimate coming in at $470.30 million and the lowest estimate coming in at $404.00 million. Mr. Cooper Group reported sales of $1.96 million during the same quarter last year, which indicates a positive year-over-year growth rate of 22,203.6%. The firm is scheduled to issue its next quarterly earnings report on Thursday, March 7th.

According to Zacks, analysts expect that Mr. Cooper Group will report full year sales of $1.97 billion for the current fiscal year, with estimates ranging from $1.93 billion to $2.01 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.69 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Mr. Cooper Group.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings results on Thursday, November 8th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. Mr. Cooper Group had a return on equity of 160.21% and a net margin of 183.04%.

COOP has been the topic of a number of research analyst reports. Barclays set a $17.00 target price on Mr. Cooper Group and gave the stock a “sell” rating in a research note on Tuesday, October 16th. Wedbush restated a “buy” rating and issued a $23.00 target price on shares of Mr. Cooper Group in a research note on Wednesday, October 17th. Zacks Investment Research downgraded Mr. Cooper Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. Piper Jaffray Companies upgraded Mr. Cooper Group from an “underweight” rating to a “neutral” rating in a research note on Tuesday, October 30th. Finally, BTIG Research initiated coverage on Mr. Cooper Group in a research note on Thursday, November 29th. They issued a “buy” rating and a $21.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Mr. Cooper Group presently has a consensus rating of “Hold” and an average price target of $20.67.

A number of institutional investors have recently bought and sold shares of COOP. Thompson Siegel & Walmsley LLC purchased a new position in Mr. Cooper Group in the third quarter valued at approximately $9,534,000. Bridgeway Capital Management Inc. purchased a new position in Mr. Cooper Group in the third quarter valued at approximately $560,000. Marshall Wace North America L.P. purchased a new position in Mr. Cooper Group in the third quarter valued at approximately $2,063,000. Finally, American National Bank purchased a new position in Mr. Cooper Group in the fourth quarter valued at approximately $96,000.

Shares of NASDAQ COOP traded down $0.16 during midday trading on Friday, reaching $13.75. The company’s stock had a trading volume of 453,743 shares, compared to its average volume of 629,612. Mr. Cooper Group has a 12-month low of $8.88 and a 12-month high of $20.04. The company has a market capitalization of $1.24 billion, a PE ratio of 114.58 and a beta of 0.06. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 3.45.

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related principally to single-family residences in the United States. The company operates through three segments: Servicing, Originations, and Xome. The Servicing segment performs activities for originated and purchased loans, as well as operates as a subservicer for various clients that own the underlying servicing rights.

See Also: Momentum Investing

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