Brokerages Expect Mr. Cooper Group Inc. (NASDAQ:COOP) Will Post Earnings of $1.56 Per Share
THURSDAY, JUNE 24, 2021 | MARKETBEAT
Equities analysts expect that Mr. Cooper Group Inc. (NASDAQ:COOP) will announce $1.56 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Mr. Cooper Group's earnings. The highest EPS estimate is $1.74 and the lowest is $1.37. Mr. Cooper Group posted earnings per share of $2.85 in the same quarter last year, which would indicate a negative year-over-year growth rate of 45.3%. The company is expected to announce its next quarterly earnings results on Thursday, July 29th.
According to Zacks, analysts expect that Mr. Cooper Group will report full year earnings of $7.43 per share for the current financial year, with EPS estimates ranging from $7.30 to $7.55. For the next fiscal year, analysts forecast that the firm will report earnings of $5.32 per share, with EPS estimates ranging from $4.90 to $5.61. Zacks Investment Research's earnings per share averages are an average based on a survey of sell-side research analysts that cover Mr. Cooper Group.
Mr. Cooper Group (NASDAQ:COOP) last announced its earnings results on Thursday, April 29th. The company reported $2.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.27 by $0.60. Mr. Cooper Group had a net margin of 27.70% and a return on equity of 42.57%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $936.27 million.
Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $38.00 price target (down previously from $39.00) on shares of Mr. Cooper Group in a research note on Tuesday, April 13th. Piper Sandler boosted their price target on Mr. Cooper Group from $34.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, February 26th. Credit Suisse Group boosted their price target on Mr. Cooper Group from $34.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 24th. Barclays reaffirmed an "equal weight" rating and issued a $38.00 target price (down from $44.00) on shares of Mr. Cooper Group in a research report on Tuesday, April 27th. Finally, Zacks Investment Research lowered Mr. Cooper Group from a "buy" rating to a "hold" rating in a research report on Wednesday, May 5th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of "Buy" and a consensus target price of $34.56. https://www.marketbeat.com/instant-alerts/nasdaq-coop-consensus-analyst-rating-2021-06-2-3/