Mr. Cooper Group (NASDAQ:COOP) Releases Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $2.73 EPS for the quarter, beating the consensus estimate of $2.65 by $0.08, Zacks reports. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%.

Mr. Cooper Group Price Performance

Shares of COOP stock traded down $0.80 on Friday, hitting $107.86. The stock had a trading volume of 409,150 shares, compared to its average volume of 459,895. The firm has a market capitalization of $6.90 billion, a P/E ratio of 13.94, a P/E/G ratio of 0.31 and a beta of 1.43. Mr. Cooper Group has a 1 year low of $70.01 and a 1 year high of $109.72. The company's 50 day moving average price is $99.48 and its 200-day moving average price is $95.02.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $94.49, for a total value of $2,834,700.00. Following the sale, the chief executive officer now owns 758,821 shares in the company, valued at approximately $71,700,996.29. The trade was a 3.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.33% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. JMP Securities restated a "market outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday. Keefe, Bruyette & Woods lifted their price target on Mr. Cooper Group from $105.00 to $115.00 and gave the company a "market perform" rating in a research note on Thursday. Compass Point boosted their price target on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Piper Sandler boosted their price target on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Finally, Barclays boosted their price objective on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $109.38.

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.