Ocwen Financial (OCN) Scheduled to Post Quarterly Earnings on Tuesday

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Ocwen Financial (NYSE:OCN) will issue its quarterly earnings data before the market opens on Tuesday, August 6th. Parties interested in registering for the company’s conference call can do so using this link.

Ocwen Financial (NYSE:OCN) last issued its quarterly earnings data on Tuesday, May 7th. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.38) by $0.05. Ocwen Financial had a negative return on equity of 22.25% and a negative net margin of 10.65%. The business had revenue of $303.88 million for the quarter, compared to the consensus estimate of $284.26 million. During the same period in the prior year, the business earned $0.02 earnings per share. The business’s revenue was up 16.8% on a year-over-year basis.

Shares of NYSE:OCN opened at $1.80 on Monday. The company has a current ratio of 10.01, a quick ratio of 10.01 and a debt-to-equity ratio of 14.75. Ocwen Financial has a 52-week low of $1.20 and a 52-week high of $4.35. The firm has a fifty day moving average of $1.98.

Separately, ValuEngine upgraded Ocwen Financial from a “hold” rating to a “buy” rating in a research report on Thursday.

About Ocwen Financial

Ocwen Financial Corporation, a financial services holding company, originates and services loans in the United States, the United States Virgin Islands, India, and Philippines. Its Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset management services to owners of mortgage loans and foreclosed real estate.

Further Reading: Buy-Side Analysts

Earnings History for Ocwen Financial (NYSE:OCN)

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