PHH (PHH) Set to Announce Earnings on Tuesday

PHH (NYSE:PHH) is set to post its quarterly earnings results after the market closes on Tuesday, February 27th. Analysts expect PHH to post earnings of ($1.02) per share for the quarter.

Shares of PHH (NYSE PHH) opened at $8.68 on Friday. PHH has a 52-week low of $8.01 and a 52-week high of $15.00. The company has a debt-to-equity ratio of 1.84, a quick ratio of 2.94 and a current ratio of 2.94. The firm has a market cap of $282.51, a PE ratio of -1.51 and a beta of 1.74.

PHH declared that its board has approved a share repurchase program on Tuesday, November 7th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the credit services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

A number of research firms have recently commented on PHH. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $12.00 target price on shares of PHH in a report on Friday, December 22nd. ValuEngine cut shares of PHH from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. PHH has a consensus rating of “Hold” and an average price target of $13.25.

In other news, SVP William F. Brown sold 8,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $11.12, for a total value of $88,960.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.52% of the stock is currently owned by corporate insiders.

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PHH Company Profile

PHH Corporation is a standalone mortgage company. The Company provides outsourced mortgage banking services to a range of clients, including financial institutions and real estate brokers throughout the United States, and is focused on originating, selling, servicing and subservicing residential mortgage loans through its subsidiary, PHH Mortgage Corporation and its subsidiaries.

Earnings History for PHH (NYSE:PHH)

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