WMIH (COOP) Announces Quarterly Earnings Results, Beats Expectations By $0.05 EPS

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

Shares of NASDAQ COOP traded down $0.21 during trading on Friday, reaching $15.11. 807,671 shares of the company traded hands, compared to its average volume of 700,211. The company has a market cap of $259.35 million, a PE ratio of 125.92 and a beta of -0.63. WMIH has a 52-week low of $7.20 and a 52-week high of $20.04.

A number of analysts have recently issued reports on the stock. Piper Jaffray Companies raised shares of WMIH from an “underweight” rating to a “neutral” rating in a report on Tuesday, October 30th. Barclays raised shares of WMIH from an “underweight” rating to a “hold” rating and set a $18.00 price target on the stock in a report on Friday. Zacks Investment Research raised shares of WMIH from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, Wedbush reaffirmed a “buy” rating and set a $23.00 price target on shares of WMIH in a report on Wednesday, October 17th.

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WMIH Company Profile

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.

Further Reading: Technical Analysis of Stocks, How Can It Help

Earnings History for WMIH (NASDAQ:COOP)

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