Mr. Cooper Group Inc (COOP) Expected to Post Quarterly Sales of $437.15 Million

Wall Street brokerages predict that Mr. Cooper Group Inc (NASDAQ:COOP) will announce $437.15 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Mr. Cooper Group’s earnings, with the lowest sales estimate coming in at $404.00 million and the highest estimate coming in at $470.30 million. Mr. Cooper Group reported sales of $1.96 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 22,203.6%. The firm is expected to report its next earnings results on Thursday, March 7th.

According to Zacks, analysts expect that Mr. Cooper Group will report full-year sales of $1.97 billion for the current fiscal year, with estimates ranging from $1.93 billion to $2.01 billion. For the next year, analysts forecast that the firm will report sales of $1.69 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Mr. Cooper Group.

Mr. Cooper Group (NASDAQ:COOP) last announced its earnings results on Thursday, November 8th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. Mr. Cooper Group had a net margin of 183.04% and a return on equity of 160.21%.

A number of equities analysts have recently commented on COOP shares. Zacks Investment Research cut shares of Mr. Cooper Group from a “hold” rating to a “strong sell” rating in a report on Monday, December 31st. Barclays set a $17.00 price objective on shares of Mr. Cooper Group and gave the company a “sell” rating in a research note on Tuesday, October 16th. BTIG Research initiated coverage on shares of Mr. Cooper Group in a research note on Thursday, November 29th. They issued a “buy” rating and a $21.00 price objective on the stock. Wedbush reissued a “buy” rating and issued a $23.00 price objective on shares of Mr. Cooper Group in a research note on Wednesday, October 17th. Finally, Piper Jaffray Companies raised shares of Mr. Cooper Group from an “underweight” rating to a “neutral” rating in a research note on Tuesday, October 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $20.67.

Shares of Mr. Cooper Group stock traded down $0.16 during trading on Friday, reaching $13.75. The company’s stock had a trading volume of 453,743 shares, compared to its average volume of 629,612. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 114.58 and a beta of 0.06. Mr. Cooper Group has a fifty-two week low of $8.88 and a fifty-two week high of $20.04. The company has a debt-to-equity ratio of 3.45, a current ratio of 2.79 and a quick ratio of 2.79.

Institutional investors and hedge funds have recently made changes to their positions in the business. Bridgeway Capital Management Inc. acquired a new position in Mr. Cooper Group in the 3rd quarter valued at $560,000. Marshall Wace North America L.P. purchased a new stake in shares of Mr. Cooper Group during the 3rd quarter worth $2,063,000. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Mr. Cooper Group during the 3rd quarter worth $9,534,000. Finally, American National Bank purchased a new stake in shares of Mr. Cooper Group during the 4th quarter worth $96,000.

About Mr. Cooper Group

Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related principally to single-family residences in the United States. The company operates through three segments: Servicing, Originations, and Xome. The Servicing segment performs activities for originated and purchased loans, as well as operates as a subservicer for various clients that own the underlying servicing rights.

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