Mr. Cooper Group (NASDAQ:COOP) Announces Earnings Results, Beats Estimates By $0.08 EPS

Mr. Cooper Group (NASDAQ:COOP) announced its quarterly earnings data on Wednesday. The company reported $2.73 EPS for the quarter, beating the consensus estimate of $2.65 by $0.08, Zacks reports. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%.

Mr. Cooper Group Trading Down 0.6 %

Shares of NASDAQ:COOP opened at $106.71 on Thursday. The company has a market capitalization of $6.83 billion, a PE ratio of 13.79, a P/E/G ratio of 0.31 and a beta of 1.43. Mr. Cooper Group has a 12-month low of $70.01 and a 12-month high of $108.56. The business’s fifty day simple moving average is $99.01 and its 200-day simple moving average is $94.78.

Insider Buying and Selling

In related news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the completion of the transaction, the chief executive officer now owns 758,821 shares in the company, valued at $71,700,996.29. The trade was a 3.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

COOP has been the subject of a number of research analyst reports. Citizens Jmp upgraded shares of Mr. Cooper Group to a “strong-buy” rating in a report on Tuesday, January 14th. Piper Sandler raised their target price on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Wedbush reiterated an “outperform” rating and issued a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, October 24th. Barclays raised their price objective on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, JMP Securities began coverage on Mr. Cooper Group in a report on Tuesday, January 14th. They issued an “outperform” rating and a $115.00 target price for the company. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Mr. Cooper Group currently has an average rating of “Moderate Buy” and a consensus price target of $106.88.

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.