Ocwen Financial Corp (OCN)

OCN (NYSE:Real Estate) EQUITY
$7.91
pos +0.00
+0.00%
Today's Range: 0.00 - 0.00 | OCN Avg Daily Volume: 2,972,300
Last Update: 08/04/15 - 4:05 PM EDT
Volume: 0
YTD Performance: -47.62%
Open: $0.00
Previous Close: $7.91
52 Week Range: $5.66 - $29.27
Oustanding Shares: 125,306,121
Market Cap: 1,061,342,845
6-Month Chart
TheStreet Ratings Grade for OCN
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 1 2 2 2
Moderate Buy 0 0 0 0
Hold 3 3 3 3
Moderate Sell 1 0 0 0
Strong Sell 1 1 1 1
Mean Rec. 3.17 2.67 2.67 2.67
Latest Dividend: 0.00
Latest Dividend Yield: 0.00%
Dividend Ex-Date: 12/31/69
Price Earnings Ratio: -1.79
Price Earnings Comparisons:
OCN Sector Avg. S&P 500
-1.79 0.00 25.65
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-26.89% -70.68% -64.40%
GROWTH 12 Mo 3 Yr CAGR
Revenue 3.60 3.26 0.61
Net Income -100.00 -7.00 0.00
EPS -100.00 -5.80 0.00
Earnings for OCN:
EBITDA 0.10B
Revenue 2.11B
Average Earnings Estimates
Qtr (09/15) Qtr (12/15) FY (12/15) FY (12/16)
Average Estimate $0.10 $0.08 $0.63 $1.05
Number of Analysts 3 3 2 3
High Estimate $0.12 $0.12 $0.70 $1.40
Low Estimate $0.05 $0.03 $0.56 $0.80
Prior Year $-0.58 $0.26 $0.52 $0.63
Growth Rate (Year over Year) 116.67% -70.51% 21.15% 66.67%
Chart Benchmark Timeframe
Average Frequency Indicator Chart
Scale Symbol Comparison Bollinger Bands
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Hard day for energy shares, better for utilities.

From the Street of Dreams Real Money Pro($)

Mother Merrill/Brother Bank of America is downgrading mortgage company Ocwen Financial (OCN) to Underperform from Neutral this morning.
Bearish
Jul 31, 2015 | 8:15 AM EDT
OCN was downgraded from Buy to Neutral, Sterne Agee CRT said. $12 price target. Estimates also cut, given higher costs. 

Sticking Up for the Ex-Im Bank Real Money Pro($)

Markets still are holding their gains as we come to midday. Interestingly, the biotech index is off today despite great results and a solid up day from Gilead Sciences (GILD), one of the four horsemen of biotech. Some infrastructure plays such as Mastec (MTZ) and Terex (TEX) are having nice days and are up 3% or so on the day.

JPMorgan Buying From Ocwen Real Money Pro($)

JPMorgan Chase (JPM) is to buy $45 billion in mortgage servicing rights from Ocwen (OCN) -- this should be earnings accretive.
Bullish
May 01, 2015 | 7:16 AM EDT
OCN was upgraded from Neutral to Buy, Sterne Agee said. $12 price target. Management is addressing both operating and profit issues. &n...

Avoid at All Costs Real Money Pro($)

Ocwen's quarterly release underscores that the entire complex is still not investable and should be avoided -- large write-offs, continuing and still unknown legal and monitoring expenses and the lack of  any clarity of ongoing operating expenses remain the narrative.

Another Look at Ocwen, RESI Real Money Pro($)

Altisource Asset Management (AAMC) and Altisource Residential (RESI) finally announced a restructured management agreement, which approximated my previous guesstimate. Though I am no longer involved in RESI or any other affiliate in the Ocwen (OCN) complexes, as promised, I listened to this week's conference call.

From the Street of Dreams Real Money Pro($)

Higher operating expenses associated with the Home Loan Servicing Solutions (HLSS) relationship. Operational changes required by regulators. Risk of private label trusts being pulled or transferred by New Residential Investment (NRZ), which has made an offer to acquire HLSS. Continued litigation risk (revelation from law firm Gibbs & Bruns that the company's servicing practices caused billions of dollars of damage).

Columnist Conversations

Now there is a value added action idea! Proximate reason? Loss of momentum.
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Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.