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Ocwen Financial Corporation (OCN) Stock Price Increases 8.78%

01 February 2017

The 52-week low of the share price is at $1.29. OCN rose 7.33%, plunged -4.18% and advanced 163.5% in the week, one month and six months, respectively. There may be various price targets for a stock. These Analysts measured the Higher, Lower and Mean Estimated EPS for this stock.

Ocwen Financial Corp Last issued its quarterly earnings results on Oct 26, 2016.

Ocwen Financial Corporation is a financial services holding company engaged in asset acquisition and resolution, residential finance, commercial finance, investment management and hotel operations. These price targets are a consensus analysis of 3 brokers. PiperJaffray Downgrades the stock to Underweight on 10/25/16 with no specific Price Target.

On Sep 16 Ocwen Financial Corp.

The latest Insider trade was made on 19 Jan 2017 where Erbey (William Charles) Beneficial Owner of More than 10% Class did a transaction type "Buy" in which 236200 shares were traded at a price of $3.5.

Ocwen Financial Corp. (NYSE:OCN) now has a consensus Price Target of $4.5. The stock stands almost -17.78% off versus the 52-week high and 308.53% away from the 52-week low.

According to Zacks brokerage recommendations, Ocwen Financial Corporation (NYSE:OCN)'s Buy count is 0 and Strong Buy is 0 while the number of analysts recommending Sell and Strong Sell are 0 and 3, respectively. The stock has been active on the tape, now trading at $5.33, up from yesterday's close by 1.91%.

Ocwen Financial Corp. Gross Margin percentage stands at 76.3% while its Operating Margin for trailing twelve month is 5.7 percent and Profit margin (ttm) is -29 Percent. The median estimate represents a -5.12% increase from the last price. The companys revenue was down -11.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.53 EPS. According to Zacks Investment Research, based on 1 analysts' forecasts, the consensus EPS forecast for the quarter is $-0.18. The analysts offering Earnings Estimates for the company were believing that Ocwen Financial Corp. Higher EPS estimate that can be reached in this quarter is determined at $-0.06 and lower forecasted EPS is placed at $-0.31. The Next Year EPS growth is 68.5%, Long term annual growth estimate of 3%, Annual EPS growth past 5 years of -24.87 percent. Thus the company showed an Earnings Surprise of 125 Percent. The firm's stock has a market capitalization of $653.48 mln. Stock exchanged hands with the total volume of 4.19 Million shares, as contrast to its average volume of 2.68 Million shares. (NYSE:OCN) traded with the volume of 4.19 Million in the previous trading session. The company has a 1 Year high price target of $4.5. It turned higher 0.53% from its 50-day simple moving average. The ATR (Average True Range) value is 0.25.

Ocwen Financial Corp. (NYSE:OCN) in the last quarter reported its actual EPS of $0.08/share where the analyst estimated EPS was $-0.32/share.

The Company now has ROA (Return on Assets) of -5.5 percent, Return on Equity (ROE) of -57 Percent and Return on Investment (ROI) of 2.2% with Gross margin of 76.3 percent and Operating & Profit margin of 5.7% and -29% respectively.