WMIH (COOP) Posts Earnings Results

WMIH (NASDAQ:COOP) announced its quarterly earnings results on Thursday. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05, Fidelity Earnings reports. WMIH had a return on equity of 18.07% and a net margin of 229.44%.

Shares of NASDAQ:COOP traded down $0.21 on Friday, reaching $15.11. The company had a trading volume of 807,671 shares, compared to its average volume of 700,211. WMIH has a twelve month low of $7.20 and a twelve month high of $20.04. The stock has a market capitalization of $259.35 million, a P/E ratio of 125.92 and a beta of -0.63.

COOP has been the subject of a number of analyst reports. Barclays set a $17.00 price target on WMIH and gave the stock a “sell” rating in a research report on Tuesday, October 16th. Wedbush reaffirmed a “buy” rating and issued a $23.00 price target on shares of WMIH in a research report on Wednesday, October 17th. Zacks Investment Research cut WMIH from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Finally, Piper Jaffray Companies raised WMIH from an “underweight” rating to a “neutral” rating in a research report on Tuesday, October 30th.

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About WMIH

Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related principally to single-family residences in the United States. It offers home loan servicers focused on delivering various servicing and lending products, services, and technologies. The company provides technology and data enhanced solutions to homebuyers, home sellers, real estate agents, and mortgage companies.

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Earnings History for WMIH (NASDAQ:COOP)

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