Mr. Cooper Group (NASDAQ:COOP – Get Free Report) released its earnings results on Thursday. The company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.19, Zacks reports. The firm had revenue of $583.00 million during the quarter, compared to analyst estimates of $552.09 million. Mr. Cooper Group had a net margin of 33.22% and a return on equity of 14.10%. The business’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the business earned $1.66 earnings per share.
Mr. Cooper Group Stock Performance
Shares of COOP stock traded up $2.00 during mid-day trading on Friday, reaching $94.54. 712,271 shares of the company’s stock traded hands, compared to its average volume of 503,927. Mr. Cooper Group has a 12 month low of $52.46 and a 12 month high of $95.74. The firm has a 50 day moving average price of $83.36 and a two-hundred day moving average price of $77.05. The firm has a market capitalization of $6.12 billion, a PE ratio of 9.90 and a beta of 1.39.
Insider Activity
In other news, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $78.79, for a total transaction of $1,969,750.00. Following the completion of the sale, the chief executive officer now owns 309,631 shares of the company’s stock, valued at approximately $24,395,826.49. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Michael R. Rawls sold 27,000 shares of Mr. Cooper Group stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $82.18, for a total transaction of $2,218,860.00. Following the transaction, the chief executive officer now owns 57,623 shares in the company, valued at approximately $4,735,458.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction on Monday, April 29th. The shares were sold at an average price of $78.79, for a total transaction of $1,969,750.00. Following the transaction, the chief executive officer now owns 309,631 shares in the company, valued at approximately $24,395,826.49. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock valued at $8,247,360 in the last 90 days. Company insiders own 2.33% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Analysis on COOP
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.
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