Media stories about Ocwen Financial Corporation (NYSE:OCN) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ocwen Financial Corporation earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.3831086487749 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Ocwen CEO Hosts Eighth Annual Advocacy and Policy Forum – GlobeNewswire (press release) (globenewswire.com)
- ETFs with exposure to Ocwen Financial Corp. : October 11, 2017 (finance.yahoo.com)
- Head-To-Head Comparison: Ocwen Financial Corporation (OCN) & Its Peers (americanbankingnews.com)
- Ocwen Financial Corporation (OCN) & People’s United Financial (PBCT) Head to Head Contrast (americanbankingnews.com)
Ocwen Financial Corporation (OCN) traded down 1.37% during midday trading on Thursday, reaching $3.61. 1,220,151 shares of the company’s stock were exchanged. Ocwen Financial Corporation has a 12-month low of $2.12 and a 12-month high of $6.15. The firm has a 50-day moving average price of $3.17 and a 200 day moving average price of $3.15. The company’s market cap is $472.40 million.
Ocwen Financial Corporation (NYSE:OCN) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported ($0.36) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.17). The business had revenue of $311.30 million during the quarter, compared to the consensus estimate of $295.33 million. Ocwen Financial Corporation had a negative return on equity of 12.41% and a negative net margin of 5.95%. The firm’s revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.71) earnings per share. On average, analysts expect that Ocwen Financial Corporation will post ($0.87) EPS for the current fiscal year.
A number of equities research analysts have commented on OCN shares. ValuEngine upgraded shares of Ocwen Financial Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. BidaskClub upgraded shares of Ocwen Financial Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $3.00 price target on shares of Ocwen Financial Corporation in a report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $3.33.
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About Ocwen Financial Corporation
Ocwen Financial Corporation is a financial services holding company. The Company, through its subsidiaries, originates and services loans. The Company’s segments include Servicing, Lending, and Corporate Items and Other. The Company’s Servicing segment consists of its residential servicing business. The Company’s Lending segment is focused on originating and purchasing conventional and government-insured residential forward and reverse mortgage loans.
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