Mr. Cooper Group (NASDAQ:COOP) Posts Quarterly Earnings Results, Beats Expectations By $0.30 EPS

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.54 by $0.30, Yahoo Finance reports. The firm had revenue of $616.00 million for the quarter, compared to the consensus estimate of $548.09 million. Mr. Cooper Group had a net margin of 33.22% and a return on equity of 14.10%. The company's revenue was up 32.8% on a year-over-year basis. During the same period last year, the firm earned $2.79 EPS.

Mr. Cooper Group Stock Performance

Shares of COOP traded down $0.36 during mid-day trading on Friday, hitting $88.52. 577,842 shares of the stock were exchanged, compared to its average volume of 445,414. The company has a market cap of $5.73 billion, a PE ratio of 9.27 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. The firm has a 50-day moving average of $91.98 and a two-hundred day moving average of $85.97.

Analyst Ratings Changes

COOP has been the topic of a number of recent analyst reports. Compass Point raised their price target on Mr. Cooper Group from $97.00 to $110.00 and gave the company a "buy" rating in a report on Thursday. Wedbush reissued an "outperform" rating and set a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday. Piper Sandler upped their price target on Mr. Cooper Group from $91.00 to $106.00 and gave the stock an "overweight" rating in a research note on Friday, July 26th. Barclays increased their price objective on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods downgraded shares of Mr. Cooper Group from an "outperform" rating to a "market perform" rating and set a $95.00 target price on the stock. in a report on Monday, July 22nd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $98.00.

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.