Jefferies Financial Group Comments on Mr. Cooper Group Inc.’s FY2021 Earnings (NASDAQ:COOP)

Mr. Cooper Group Inc. (NASDAQ:COOP) – Stock analysts at Jefferies Financial Group issued their FY2021 EPS estimates for shares of Mr. Cooper Group in a report released on Tuesday, January 11th. Jefferies Financial Group analyst K. Joseph anticipates that the company will post earnings of $8.49 per share for the year. Jefferies Financial Group also issued estimates for Mr. Cooper Group’s Q4 2021 earnings at $1.22 EPS, Q1 2022 earnings at $1.43 EPS, Q2 2022 earnings at $1.35 EPS, Q3 2022 earnings at $1.24 EPS, Q4 2022 earnings at $1.25 EPS, FY2022 earnings at $5.27 EPS, Q1 2023 earnings at $1.59 EPS, Q2 2023 earnings at $1.52 EPS and Q4 2023 earnings at $1.69 EPS.

A number of other equities analysts have also recently weighed in on COOP. Credit Suisse Group upped their price objective on shares of Mr. Cooper Group from $46.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday, October 29th. Piper Sandler raised their price target on shares of Mr. Cooper Group from $48.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, November 2nd. Barclays increased their price objective on shares of Mr. Cooper Group from $39.00 to $46.00 and gave the company an “equal weight” rating in a report on Monday, January 10th. Finally, Zacks Investment Research upgraded shares of Mr. Cooper Group from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, November 16th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $47.83.

Shares of Mr. Cooper Group stock opened at $44.50 on Thursday. The company has a fifty day moving average price of $41.72 and a 200 day moving average price of $39.97. Mr. Cooper Group has a twelve month low of $26.93 and a twelve month high of $45.27. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 2.77 and a beta of 1.59.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data on Thursday, October 28th. The company reported $2.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.97 by $0.45. The firm had revenue of $860.00 million during the quarter, compared to the consensus estimate of $648.32 million. Mr. Cooper Group had a return on equity of 29.79% and a net margin of 39.82%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.76 EPS.

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 10,000 shares of the stock in a transaction that occurred on Monday, December 20th. The shares were sold at an average price of $39.02, for a total value of $390,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 30,000 shares of company stock valued at $1,253,000. Insiders own 2.17% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Mr. Cooper Group by 74.1% during the 2nd quarter. FMR LLC now owns 162,091 shares of the company’s stock valued at $5,359,000 after purchasing an additional 68,982 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in Mr. Cooper Group in the 2nd quarter worth $63,000. Robeco Institutional Asset Management B.V. bought a new position in Mr. Cooper Group in the 3rd quarter worth $185,000. Marshall Wace LLP bought a new position in Mr. Cooper Group in the 2nd quarter worth $563,000. Finally, Amalgamated Bank raised its holdings in Mr. Cooper Group by 404.7% in the 2nd quarter. Amalgamated Bank now owns 33,929 shares of the company’s stock worth $1,122,000 after acquiring an additional 27,206 shares during the period. Institutional investors and hedge funds own 83.80% of the company’s stock.

Mr. Cooper Group Company Profile

Mr. Cooper Group, Inc engages in the provision of residential loan services. It operated through the following segments: Servicing, Originations, Xome, and Corporate/Other. The Servicing segment consists of collecting loan payments, remitting principal and interest payments to investors, managing escrow funds for the payment of mortgage-related expenses, such as taxes and insurance, performing loss mitigation activities on behalf of investors and otherwise administering mortgage loan servicing portfolio.

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Earnings History and Estimates for Mr. Cooper Group (NASDAQ:COOP)

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