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

Mr. Cooper Group (NASDAQ:COOP) posted its quarterly earnings data on Wednesday. The company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.30, Yahoo Finance reports. The business had revenue of $616.00 million during the quarter, compared to analysts’ expectations of $548.09 million. Mr. Cooper Group had a return on equity of 14.10% and a net margin of 33.22%. The business’s revenue was up 32.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.79 earnings per share.

Mr. Cooper Group Trading Down 0.4 %

NASDAQ:COOP traded down $0.36 during trading hours on Friday, hitting $88.52. The company had a trading volume of 577,842 shares, compared to its average volume of 445,414. The company has a 50-day moving average of $92.01 and a 200 day moving average of $85.89. The company has a market cap of $5.73 billion, a P/E ratio of 9.31 and a beta of 1.40. Mr. Cooper Group has a 1 year low of $54.07 and a 1 year high of $97.35.

Wall Street Analyst Weigh In

A number of analysts have recently commented on COOP shares. Compass Point boosted their price objective on Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday. Keefe, Bruyette & Woods cut Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price objective for the company. in a research report on Monday, July 22nd. Barclays boosted their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Piper Sandler boosted their price target on Mr. Cooper Group from $91.00 to $106.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, Wedbush reiterated an “outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $98.00.

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.