Ocwen Financial (OCN) Stock Price, News & Analysis

Company Overview

Ocwen Financial Corporation, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. It operates through, Servicing and Originations segments. The company provides commercial forward mortgage loan servicing, reverse mortgage servicing, special servicing, and asset management services for to owners of mortgage loans and foreclosed real estate, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans classified as loans. It also originates and purchases conventional and government-insured residential forward and reverse mortgage loans through its correspondent lending arrangements, broker relationships, and retail channels. It serves primarily under the PHH Mortgage and Liberty Reverse Mortgage brands. Ocwen Financial Corporation was founded in 1988 and is headquartered in West Palm Beach, Florida.

Key Stats

• Today's Range: N/A
• 50-Day Range: $22.74 to $27.45
• 52-Week Range: N/A
• Volume: 10,200 shs
• Average Volume: 12,993 shs
• Market Capitalization: $195.88 million
• P/E Ratio: 47.32
• Dividend Yield: N/A
• Price Target: $41.00
• Consensus Rating: Moderate Buy

OCN Stock Analysis - Frequently Asked Questions

How were Ocwen Financial's earnings last quarter?

Ocwen Financial Co. (NYSE:OCN) released its quarterly earnings results on Sunday, November, 7th. The financial services provider reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $1.24. The financial services provider earned $283.10 million during the quarter, compared to analysts' expectations of $270.75 million. Ocwen Financial had a trailing twelve-month return on equity of 13.66% and a net margin of 0.63%.

When did Ocwen Financial's stock split?

Ocwen Financial's stock reverse split before market open on Friday, August 14th 2020. The 1-15 reverse split was announced on Monday, August 3rd 2020. The number of shares owned by shareholders was adjusted after the market closes on Thursday, August 13th 2020. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.

What other stocks do shareholders of Ocwen Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ocwen Financial investors own include Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), Alphabet (GOOG) and JPMorgan Chase & Co. (JPM).

Company Calendar

• Last Earnings: 11/07/2021
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Mortgage bankers & correspondents
• Sub-Industry: Thrifts & Mortgage Finance
• Current Symbol: NYSE:OCN
• CUSIP: 67574630
• CIK: 873860
• Web: www.ocwen.com
• Phone: (561) 682-8000
• Fax: 561-681-8177
• Employees: 4,500
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $41.00
• High Stock Price Target: $50.00
• Low Stock Price Target: $32.00
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.53
• Trailing P/E Ratio: 47.32
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-63,700,000.00
• Net Margins: 0.63%
• Pretax Margin: 1.15%
• Return on Equity: 13.66%
• Return on Assets: 0.45%

Debt

• Debt-to-Equity Ratio: 21.76
• Current Ratio: 21.72
• Quick Ratio: 21.72

Sales & Book Value

• Annual Sales: $1.07 billion
• Price / Sales: 0.00
• Cash Flow: N/A
• Price / Cash Flow: 2.43
• Book Value: $52.34 per share
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 7,810,000
• Free Float: 7,216,000
• Market Cap: $195.88 million
• Optionable: Optionable
• Beta: 1.93