Analysts See $-0.22 EPS for Ocwen Financial Corp (OCN)

July 18, 2017 - By Ellis Scott

 Analysts See $ 0.22 EPS for Ocwen Financial Corp (OCN)
Investors sentiment increased to 1.14 in Q4 2016. Its up 0.31, from 0.83 in 2016Q3. It improved, as 22 investors sold Ocwen Financial Corp shares while 36 reduced holdings. 28 funds opened positions while 38 raised stakes. 62.70 million shares or 5.48% less from 66.34 million shares in 2016Q3 were reported.
Us Bank De has invested 0% in Ocwen Financial Corp (NYSE:OCN). Bank & Trust Of New York Mellon accumulated 0% or 478,345 shares. Royal National Bank Of Canada reported 12,013 shares. Bb&T Secs Lc owns 12,000 shares. Great West Life Assurance Can reported 8,800 shares. Amer Group Inc Incorporated Inc holds 0% of its portfolio in Ocwen Financial Corp (NYSE:OCN) for 57,869 shares. Tower Capital Ltd Liability Corp (Trc) owns 4,068 shares or 0% of their US portfolio. Moreover, Jefferies Grp Limited Co has 0% invested in Ocwen Financial Corp (NYSE:OCN). The Nevada-based Whittier Trust Of Nevada Inc has invested 0% in Ocwen Financial Corp (NYSE:OCN). Wells Fargo And Mn has invested 0% in Ocwen Financial Corp (NYSE:OCN). Strategic Mngmt Lc holds 17,955 shares or 0.01% of its portfolio. Kingstown Cap Limited Partnership holds 3.17% or 6.00M shares in its portfolio. Cubist Systematic Strategies Limited Liability Co holds 0.14% of its portfolio in Ocwen Financial Corp (NYSE:OCN) for 316,285 shares. Marathon Asset Mgmt Limited Partnership owns 439,812 shares for 1.87% of their portfolio. Sei holds 0% or 170 shares.

Analysts await Ocwen Financial Corp (NYSE:OCN) to report earnings on July, 26. They expect $-0.22 earnings per share, down 1,000.00 % or $0.20 from last year’s $-0.02 per share. After $-0.26 actual earnings per share reported by Ocwen Financial Corp for the previous quarter, Wall Street now forecasts -15.38 % EPS growth. The stock increased 1.07% or $0.03 during the last trading session, reaching $2.83. About 590,320 shares traded. Ocwen Financial Corp (NYSE:OCN) has risen 72.00% since July 18, 2016 and is uptrending. It has outperformed by 55.30% the S&P500.

Ocwen Financial Corp (NYSE:OCN) Ratings Coverage

Among 10 analysts covering Ocwen Financial (NYSE:OCN), 1 have Buy rating, 3 Sell and 6 Hold. Therefore 10% are positive. Ocwen Financial had 21 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Compass Point given on Thursday, April 28. The rating was downgraded by Sterne Agee CRT on Friday, July 31 to “Neutral”. Zacks downgraded the shares of OCN in report on Thursday, August 6 to “Buy” rating. The rating was upgraded by Compass Point to “Neutral” on Wednesday, August 26. The stock has “Strong-Buy” rating by Vetr on Friday, August 28. Compass Point upgraded Ocwen Financial Corp (NYSE:OCN) rating on Monday, April 24. Compass Point has “Buy” rating and $3.50 target. Citigroup maintained it with “Neutral” rating and $3 target in Tuesday, March 29 report. As per Wednesday, September 2, the company rating was upgraded by Vetr. The firm earned “Market Perform” rating on Friday, August 7 by Oppenheimer. The rating was downgraded by Vetr on Tuesday, September 8 to “Hold”.

Ocwen Financial Corporation is a financial services holding company. The company has market cap of $355.11 million. The Company, through its subsidiaries, originates and services loans. It currently has negative earnings. The Company’s divisions include Servicing, Lending, and Corporate Items and Other.

More notable recent Ocwen Financial Corp (NYSE:OCN) news were published by: Bizjournals.com which released: “Ocwen responds to ‘illegal foreclosure’ lawsuit by attacking regulator” on April 26, 2017, also Seekingalpha.com with their article: “To Kill A MocwenBird: The Trials And Tribulations Of Ocwen Financial” published on May 22, 2017, Reuters.com published: “BRIEF-Leon Cooperman reports 6.80 pct passive stake in Ocwen Financial Corp as …” on May 12, 2017. More interesting news about Ocwen Financial Corp (NYSE:OCN) were released by: Seekingalpha.com and their article: “Ocwen Financial: Calling Republican Lawmakers What Is Going On With The CFPB” published on May 01, 2017 as well as Fool.com‘s news article titled: “Here’s Why Ocwen Financial Corp. Plunged Today” with publication date: April 20, 2017.

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