Mr Cooper (COOP) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The pow ...

Investors looking for stocks in the Financial - Consumer Loans sector might want to consider either Mr Cooper (COOP) or Sallie Mae (SLM) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight c ...

Rocket Companies (RKT) Q1 2025 Earnings Call May 08, 2025 04:30 PM ET Company Participants Sharon Ng - VP of IRVarun Krishna - Chief Executive OfficerBrian Brown - CFO & TreasurerRyan Nash - Managing Director - Regional Banks & Consumer FinanceMark Devries - DirectorBose George - Managing DirectorJeff Adelson - Executive Director Conference Call Participants Douglas Harter - Equity Research AnalystMihir Bhatia - Equity Research Analyst Operator Thank you for standing by, and welcome to The Rocket Company's ...

Financial Data and Key Metrics Changes - The company reported a return on tangible common equity (ROTCE) of 16.8%, an increase from 15.8% in the previous quarter, reflecting the benefits from the Flagstar acquisition [8] - Net income for the quarter was $88 million, which included $255 million in pretax operating earnings offset by an $82 million negative mark on mortgage servicing rights (MSR) [28][30] - The capital ratio stood at 25.5%, indicating a strong balance sheet, with liquidity increasing to $3.9 billion [10][35] Business Line Data and Key Metrics Changes - The servicing segment generated pretax income of $332 million, up 22% year over year, attributed to slower than expected conditional prepayment rates (CPR) and lower amortization [15] - Originations produced $53 million in earnings before tax (EBT), slightly above guidance, with strong volumes in the correspondent channel [20] - Home equity loans and cash-out refinances showed significant growth, with cash-outs making up 46% of volume, up from 39% in the previous quarter [22] Market Data and Key Metrics Changes - The total portfolio decreased slightly to $1.5 trillion, with over 6.4 million customers, while the subservicing portfolio grew organically by 2% quarter over quarter [18][19] - The company closed approximately $7 billion in bulk acquisitions, indicating strong activity in the correspondent channel [20] Company Strategy and Development Direction - The pending combination with Rocket aims to create a scaled homeownership experience, leveraging technology and AI to enhance customer experience [4][5] - The integration of Flagstar is on schedule, with onboarding of new customers and team members completed [11][16] - The focus on operational excellence and customer trust is emphasized as a key driver for long-term growth [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the potential for growth in home equity loans and cash-out refinances regardless of interest rate fluctuations [13][22] - The company is well-positioned to manage potential adverse market conditions, with strong asset quality and low delinquency rates [32][34] Other Important Information - The company incurred $26 million in transaction and transition charges related to the Flagstar integration and an additional $33 million charge for legal fees [29] - The hedge gains amounted to $209 million, contributing to stable and predictable results [31] - The company does not expect to repurchase stock prior to the closing of the Rocket transaction, anticipated in the fourth quarter of 2025 [37] Summary of Q&A Session - No questions were taken during the call due to the pending combination with Rocket, as stated by management [3]

Mr. Cooper Group Inc. (COOP) reported first-quarter 2025 adjusted earnings per share of $2.97, which beat the Zacks Consensus Estimate by 5.7%. The bottom line rose 30.3% year over year.Solid improvements in the Servicing and Originations segments were major tailwinds for the company in the fourth quarter. However, a decline in revenues and an increase in expenses were spoilsports.Net income of $88 million in the first quarter declined significantly from $181 million a year ago.COOP’s Revenues & ExpensesMr. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________________________________________________________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number: 001-14667 Mr. Cooper ...

Mr Cooper (COOP) came out with quarterly earnings of $2.97 per share, beating the Zacks Consensus Estimate of $2.81 per share. This compares to earnings of $2.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.69%. A quarter ago, it was expected that this reinsurance company would post earnings of $2.58 per share when it actually produced earnings of $2.73, delivering a surprise of 5.81%.Over the last four quarters, the comp ...

Mr Cooper Group (COOP) Q1 2025 Earnings Call April 23, 2025 07:00 AM ET Company Participants Kenneth Posner - Senior Vice President of Strategic Planning & Investor RelationsJay Bray - Chairman & CEOMike Weinbach - PresidentKurt Johnson - Executive VP & CFO Kenneth Posner Good morning. My name is Ken Poster, and I'm SVP of Strategic Planning and Investor Relations at Mr. Cooper Group. With me today are Jay Bray, Chairman and CEO Mike Weinbach, President and Curt Johnson, Executive Vice President and CFO. Th ...

Financial Performance - Reported net income of $88 million for Q1 2025, down from $204 million in Q4 2024, with a return on common equity (ROCE) of 7.3% and operating return on tangible common equity (ROTCE) of 16.8%[7] - Total revenues for Q1 2025 were $560 million, compared to $654 million in Q4 2024, with operational revenue of $707 million, up from $672 million[6][19] - Total expenses increased to $430 million in Q1 2025 from $367 million in Q4 2024[19] - Net income for the quarter was $204 million, with diluted earnings per share at $3.13[27] - Operating income was reported at $178 million, with an operating ROTCE of 15.8%[28] - The company reported a pretax income of $280 million, with an income tax expense of $76 million[27] - Basic earnings per share for the quarter was $3.20, reflecting strong performance compared to previous periods[27] - The company experienced a decrease in ROCE to 7.3% from 17.3% in the previous quarter[31] - Total expenses for the quarter were $367 million, indicating effective cost management strategies[27] Servicing Segment - Servicing segment generated pretax income of $214 million, with a servicing portfolio of $1,514 billion, reflecting a 33% year-over-year growth[5][7] - The carrying value of mortgage servicing rights (MSR) was $11,345 million, equivalent to 155 basis points of MSR UPB[5][7] - Average UPB for the servicing portfolio was $1,531 billion, compared to $1,407 billion in the previous quarter[8] - The 60+ day delinquency rate improved to 1.5% at the end of Q1 2025, down from 1.6% in Q4 2024[8] Originations Segment - Originations segment earned pretax income of $45 million, funding 32,296 loans totaling approximately $8.3 billion in UPB, a 10% decrease quarter-over-quarter[9][10] - The company achieved a refinance recapture percentage of 51% in Q1 2025, up from 35% in Q4 2024[12] Strategic Developments - The company announced a combination with Rocket Companies to create an integrated homeownership platform[4][7] - The average stockholders' equity (BV) for the quarter was $4,852 million, showing growth from $4,726 million[31] - Average tangible book value (TBV) increased to $4,641 million, up from $4,553 million in the previous quarter[31] Gains on Mortgage Loans - The company recorded a net gain on mortgage loans held for sale of $117 million, contributing positively to overall revenues[27]

Core Insights - Mr Cooper (COOP) is expected to report quarterly earnings of $2.81 per share, reflecting a year-over-year increase of 23.3% [1] - Anticipated revenues for the quarter are projected to be $612.37 million, which represents an 8.6% increase compared to the same quarter last year [1] Earnings Projections - Over the last 30 days, the consensus EPS estimate has been revised upward by 0.8%, indicating a collective reassessment by analysts [2] - Changes in earnings projections are crucial for predicting investor reactions to the stock [3] Revenue Estimates - Analysts predict 'Revenues- Servicing' will reach $449.12 million, showing a slight decline of 0.2% year-over-year [5] - 'Revenues- Corporate and Other' is forecasted to be $39.50 million, indicating a significant increase of 79.6% from the prior-year quarter [5] - 'Revenues- Originations' is expected to be $126.30 million, reflecting a year-over-year increase of 37.3% [5] Stock Performance - Mr Cooper's shares have increased by 8.9% over the past month, contrasting with a decline of 6.3% in the Zacks S&P 500 composite [5] - The company holds a Zacks Rank of 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [5]