Ocwen Financial Corp (OCN) Posts Earnings Results, Beats Estimates By $0.08 EPS

Cornelia Mascio
Febbraio 23, 2017

The Short Ratio for the stock is 4.6. This rating was issued on 1/12/17. OCN's revenue was down -10.6% compared to the same quarter previous year.

Several company insiders have filed Insider transactions, on Mar 14, 2016, Otto J Kumbar (EVP, Lending) purchased 50,000 shares at $2.92 per share price. The co is presenting price to cash flow as 0.30, the low single digit may indicate stock is undervalued and vice versa. (NYSE:OCN) in which CL King Downgrades Ocwen Financial Corp. (NYSE:OCN) to Neutral with no specific Price Target on 10/27/16. PiperJaffray Downgrades the stock to Underweight on 10/25/16 with no specific Price Target. 3,356,725 shares of the company's stock traded hands. Keefe Bruyette & Woods Maintains Ocwen Financial Corp.

Zacks Investment Research also rated the stock with a value of 3.5. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell. Compass Point reissued a "neutral" rating on shares of Ocwen Financial Corp in a report on Thursday, January 12th.

On 07/27/2016, the stock reported the EPS of $-0.71 where Analysts were projecting the EPS to be $-0.48 showing a difference of $-0.23.

To find out the technical position of OCN, it holds price to book ratio of 1.01 that unearth high-growth companies selling at low-growth prices, but it requires appropriate measurement approach. (NYSE:OCN) reported its Actual EPS of $-0.9. The estimated EPS for the current quarter is said to be $-0.18. Thus the company showed an Earnings Surprise of 125 Percent.

Ocwen Financial Corp (OCN) announced its most recent quarterly financial results on Wednesday, Feb-22-2017. In the final minutes of trading on Wednesday, shares hit $5.40, a drop of almost 9 percent in the last 12 months.

The full-year loss marks the company's third straight year of finishing in the red. On the 7th day After Earnings Report, the stock hit its share price as $4.24 by showing 20.45% increase from the Stock price Before Earnings were reported. The Moving Average SMA50 is 2.43% while SMA200 is 53.9%.

Ocwen Financial Corp. (NYSE:OCN) is now showing its ROA (Return on Assets) of -5.5%. This firm now has YTD (year to date) performance of 2.78 Percent which is awesome. The Relative Volume value measured for Ocwen Financial Corp. In order to keep operating, Ocwen - which originates reverse mortgages through its Liberty Home Equity Solutions subsidiary - agreed to pay $2.5 million and subject itself to independent third-party auditing as recommended by the State of California Department of Business Oversight.

The stock now has its Annual Dividend of $0 and an annual Dividend Yield of 0 Percent. Following Earnings result, share price were UP 17 times out of last 30 Qtrs.

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