$0.19 EPS Expected for Ocwen Financial Corporation (OCN) This Quarter

Xavier Trudeau
Août 3, 2017

Looking ahead at valuations, according to the consensus, the next fiscal year is forecast to bring about -1.11 in total earnings per share. Cadian Capital Management Lp who had been investing in Alder Biopharmaceuticals Inc for a number of months, seems to be less bullish one the $686.81M market cap company. (NYSE:OIS) has declined 1.92% since August 2, 2016 and is downtrending. The target implies a -3% decrease from where the shares are now trading. It is down 72.00% since August 2, 2016 and is uptrending.

Proxima Capital Management Llc decreased Ocwen Finl Corp (OCN) stake by 91.84% reported in 2016Q4 SEC filing. Cadian Capital Management Lp sold 140,000 shares as the company's stock declined 24.25% while stock markets rallied. The financial services provider reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.22) by $0.04. The company has market cap of $355.06 million. They now have a Dollars 2 price target on the stock. About 111,604 shares traded.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Ocwen Financial Corp (NYSE:OCN) high price target of $3.5 and with a conservative view have low price target of $2.5. It has outperformed by 55.30% the S&P500.

Investors sentiment increased to 1.14 in Q4 2016. Its down 0.84, from 2.04 in 2016Q3.

A number of other institutional investors have also modified their holdings of OCN. 28 funds opened positions while 38 raised stakes. Horizon Kinetics Ltd Liability owns 78,277 shares. Picton Mahoney Asset has invested 0.13% in Ocwen Financial Corp (NYSE:OCN). Oppenheimer Holdings, Inc. reiterated a "hold" rating on shares of Ocwen Financial Corporation in a research report on Monday, May 8th.

Ocwen Financial Corporation is a financial services holding company. Ocwen Financial Corporation had a negative net margin of 8.79% and a negative return on equity of 5.55%. The Minnesota-based Us National Bank De has invested 0% in Ocwen Financial Corp (NYSE:OCN). State Street Corp accumulated 824,747 shares or 0% of the stock. Moreover, Janney Montgomery Scott Ltd Liability Co has 0% invested in Ocwen Financial Corp (NYSE:OCN). Invesco Ltd holds 0% or 369,787 shares in its portfolio. Morgan Stanley reported 0% stake. Manufacturers Life The, Ontario - Canada-based fund reported 48,326 shares. Finally, Zacks Investment Research upgraded shares of Ocwen Financial Corporation from a "hold" rating to a "buy" rating and set a $3.00 price objective on the stock in a report on Thursday, May 11th. Therefore 10% are positive.

Ocwen Financial Corporation (NYSE:OCN) is another stock that is grabbing investors attention these days. Sell-side analyst recommendations point to a short term price target of $3.17 on the company shares. Zacks downgraded the stock to "Buy" rating in Thursday, August 6 report. The rating was downgraded by PiperJaffray on Tuesday, October 25 to "Underweight". As per Thursday, April 28, the company rating was maintained by Compass Point. The firm has "Buy" rating given on Thursday, March 23 by Scotia Capital. The firm has "Hold" rating given on Tuesday, September 8 by Vetr. Compass Point upgraded shares of Ocwen Financial Corporation from a "neutral" rating to a "buy" rating and cut their price objective for the company from $5.00 to $3.50 in a report on Friday, April 21st. The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base.

Bank of New York Mellon Corp raised its stake in shares of Ocwen Financial Corporation (NYSE:OCN) by 6.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).

Shares of Ocwen Financial Corporation (NYSE:OCN) remained flat at $2.87 on Wednesday.

Investors sentiment decreased to 1.03 in Q4 2016. Its up 0.35, from 1 in 2016Q3. It increased, as 22 investors sold OCN shares while 36 reduced holdings. 25 funds opened positions while 49 raised stakes. Qs Investors Llc holds 0.03% of its portfolio in Oil States International, Inc. It was reported on Aug, 2 by Barchart.com. Guggenheim Cap Llc invested in 66,406 shares. Spot Trading Lc accumulated 0.01% or 99,283 shares. Fmr Lc invested 0% in INC Research Holdings Inc (NASDAQ:INCR). Nationwide Fund Advisors owns 64,516 shares. Blackrock holds 39,591 shares. 1,829 are owned by Bnp Paribas Arbitrage Sa. Voya Mngmt Ltd Com holds 46,402 shares. New York State Common Retirement Fund invested in 30,700 shares or 0% of the stock.

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