PHH (NYSE:PHH) is set to issue its quarterly earnings data after the market closes on Tuesday, February 27th. Analysts expect the company to announce earnings of ($1.02) per share for the quarter.
Shares of PHH (NYSE:PHH) opened at $8.68 on Monday. PHH has a fifty-two week low of $8.01 and a fifty-two week high of $15.00. The stock has a market capitalization of $282.51, a PE ratio of -1.51 and a beta of 1.74. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.84.
PHH announced that its Board of Directors has initiated a stock repurchase program on Tuesday, November 7th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the credit services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
In other news, SVP William F. Brown sold 8,000 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $11.12, for a total transaction of $88,960.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.52% of the stock is owned by corporate insiders.
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.
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