Mr. Cooper Group (COOP) Projected to Post Quarterly Earnings on Wednesday

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) is projected to post its quarterly earnings results before the market opens on Wednesday, April 23rd. Analysts expect Mr. Cooper Group to post earnings of $2.88 per share and revenue of $620.57 million for the quarter.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, beating the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. On average, analysts expect Mr. Cooper Group to post $13 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Mr. Cooper Group Stock Down 1.3 %

Mr. Cooper Group stock traded down $1.51 during mid-day trading on Friday, hitting $111.21. 536,584 shares of the stock were exchanged, compared to its average volume of 567,777. The stock has a market capitalization of $7.12 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 0.32 and a beta of 1.17. Mr. Cooper Group has a 12 month low of $76.85 and a 12 month high of $137.60. The firm's fifty day simple moving average is $110.76 and its two-hundred day simple moving average is $101.86.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on COOP shares. UBS Group lifted their target price on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday. Piper Sandler downgraded Mr. Cooper Group from an "overweight" rating to a "neutral" rating and boosted their price objective for the company from $125.00 to $143.00 in a research note on Friday, April 4th. Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. JMP Securities reissued a "market outperform" rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Finally, Barclays raised their price objective on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $126.00.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the completion of the sale, the chief executive officer now directly owns 698,821 shares of the company's stock, valued at $78,435,669.04. The trade was a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.33% of the stock is owned by insiders.

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.