Q2 Earnings Forecast for Mr. Cooper Group Issued By Wedbush

Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) - Equities researchers at Wedbush reduced their Q2 2025 earnings per share estimates for shares of Mr. Cooper Group in a note issued to investors on Thursday, October 24th. Wedbush analyst J. Mccanless now expects that the company will post earnings per share of $3.31 for the quarter, down from their previous forecast of $3.36. Wedbush has a "Outperform" rating and a $115.00 price target on the stock. The consensus estimate for Mr. Cooper Group's current full-year earnings is $10.17 per share.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, beating analysts' consensus estimates of $2.54 by $0.30. The company had revenue of $616.00 million during the quarter, compared to analyst estimates of $548.09 million. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. The firm's revenue was up 32.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.79 EPS.

Other research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods downgraded Mr. Cooper Group from an "outperform" rating to a "market perform" rating and set a $95.00 price target on the stock. in a report on Monday, July 22nd. Piper Sandler upped their target price on Mr. Cooper Group from $91.00 to $106.00 and gave the company an "overweight" rating in a report on Friday, July 26th. Compass Point raised their price target on Mr. Cooper Group from $97.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Barclays boosted their price objective on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $98.00.

Mr. Cooper Group Trading Up 3.3 %

Shares of COOP stock traded up $2.95 during mid-day trading on Monday, reaching $91.47. The stock had a trading volume of 710,412 shares, compared to its average volume of 446,687. The stock's 50-day moving average price is $91.98 and its two-hundred day moving average price is $86.09. The firm has a market capitalization of $5.85 billion, a PE ratio of 11.82 and a beta of 1.40. Mr. Cooper Group has a 52-week low of $54.07 and a 52-week high of $97.35.

Institutional Investors Weigh In On Mr. Cooper Group

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Mr. Cooper Group by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 7,668,898 shares of the company's stock valued at $597,791,000 after acquiring an additional 42,860 shares during the period. Assenagon Asset Management S.A. grew its position in Mr. Cooper Group by 11.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,247,434 shares of the company's stock worth $114,988,000 after purchasing an additional 125,055 shares during the period. LSV Asset Management raised its stake in Mr. Cooper Group by 249.2% during the 2nd quarter. LSV Asset Management now owns 633,260 shares of the company's stock valued at $51,440,000 after buying an additional 451,926 shares during the last quarter. Cercano Management LLC lifted its holdings in shares of Mr. Cooper Group by 39.1% during the 1st quarter. Cercano Management LLC now owns 502,618 shares of the company's stock valued at $39,179,000 after buying an additional 141,332 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Mr. Cooper Group by 984.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company's stock worth $30,476,000 after buying an additional 354,905 shares during the last quarter. Hedge funds and other institutional investors own 89.82% of the company's stock.

About Mr. Cooper Group

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.