Ocwen Financial Corporation OCN
At closeJun 7, 2024, 4:00 PM EDT
52-week range unavailable
- Market cap
- 195.87M
- Revenue (ttm)
- 1.04B
- Profit margin
- 0.63%
- Shares out
- 7.81M
- Forward P/E
- 3.59
- Volume
- 10.23K
- Open
- 24.90
- Previous close
- 25.08
- Day's range
- 24.47 – 25.30
- Beta
- 1.93
- Analysts
- Buy
- Price target
- 40.67 (+62.2%)
- Earnings date
- Aug 1, 2024
YTD -6.44 (-20.43%)
Key statistics
- Enterprise value
- 11.93B
- PEG ratio
- 0.18
- Price / sales
- 0.19
- Price / book
- 0.45
- Dividend yield
- 0.00%
- Payout ratio
- 0.00%
- Revenue growth
- -8.70%
- Free cash flow
- -30.65M
- Total cash
- 190.90M
- Total debt
- 11.93B
- Return on equity
- 1.56%
- Short % of float
- 0.57%
- 50-day average
- 24.68
- 200-day average
- 26.09
Analyst view
Consensus: buy
- Target (low)
- 32.00
- Target (mean)
- 40.67
- Target (high)
- 50.00
- Strong buy0
- Buy0
- Hold3
- Sell0
- Strong sell0
Next earnings
Aug 1, 2024
Expected Aug 1, 2024. Consensus EPS estimate 1.30.
Financials — quick view
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Aug 1, 2024 | Jun 1, 2024 | 1.44 | — | — | — |
| May 2, 2024 | Mar 1, 2024 | 1.21 | — | — | — |
| Feb 27, 2024 | Dec 1, 2023 | 1.09 | — | — | — |
| Nov 7, 2023 | Sep 1, 2023 | 1.14 | — | — | — |
| Aug 3, 2023 | Jun 1, 2023 | -0.17 | — | — | — |
| May 4, 2023 | Mar 1, 2023 | -0.39 | — | — | — |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Apr 20, 2022 | BTIG | init | — | Neutral |
| Dec 7, 2021 | B. Riley Securities | main | — | Buy |
| Sep 8, 2021 | B. Riley Securities | init | — | Buy |
| Jun 29, 2021 | Jefferies | init | — | Buy |
About Ocwen Financial Corporation
Ocwen Financial Corporation, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. It operates through, Servicing and Originations segments. The company provides commercial forward mortgage loan servicing, reverse mortgage servicing, special servicing, and asset management services for to owners of mortgage loans and foreclosed real estate, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans classified as loans. It also originates and purchases conventional and government-insured residential forward and reverse mortgage loans through its correspondent lending arrangements, broker relationships, and retail channels. It serves primarily under the PHH Mortgage and Liberty Reverse Mortgage brands. Ocwen Financial Corporation was founded in 1988 and is headquartered in West Palm Beach, Florida.
- Sector
- Financial Services
- Industry
- Mortgage Finance
- Country
- United States
- Website
- ocwen.com
News
Jill Winther, BSN, RN, OCN, NPD-BC, wins Extraordinary Healer® award 
Ocwen Financial Officially Rebrands as Onity™ Group 
Ocwen Financial Announces Shareholder Approval to Rebrand as Onity™ Group 
Ocwen Financial (OCN) Tops Q1 Earnings Estimates 
Ocwen Financial Corporation (OCN) Q1 2024 Earnings Call Transcript 
Ocwen Financial Announces First Quarter 2024 Results 
Ocwen Financial (OCN) Earnings Expected to Grow: Should You Buy? 
Ocwen Financial Schedules Conference Call – First Quarter 2024 Results and Business Update 
Can Ocwen (OCN) Keep the Earnings Surprise Streak Alive? 
Ocwen Financial Announces Intention to Rebrand as Onity™ Group
Your note
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| ANDERSON SCOTT WILLIAM | Officer | Conversion of Exercise of derivative security | Apr 2, 2024 | 26,288 |
| BRITELL JENNE K | Director | Stock Award(Grant) | May 27, 2024 | 34,014 |
| BUSQUET JACQUES J. | Director | Stock Award(Grant) | May 27, 2024 | 45,010 |
| GRUNENWALD FRANCOIS | Officer | Conversion of Exercise of derivative security | Apr 2, 2024 | 0 |
| MERKLE CLAUDIA J | Director | Stock Award(Grant) | May 27, 2024 | 5,434 |
| MESSINA GLEN A | Chief Executive Officer | Conversion of Exercise of derivative security | Apr 2, 2024 | 281,478 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Deer Park Road Corp | 8.53% | 654,984 | 19.63M | Jun 29, 2023 |
| Long Focus Capital Management, LLC | 8.49% | 652,088 | 19.54M | Jun 29, 2023 |
| Oaktree Capital Management Lp | 7.57% | 581,006 | 17.41M | Jun 29, 2023 |
| Blackrock Inc. | 5.75% | 441,079 | 13.22M | Jun 29, 2023 |
| Dimensional Fund Advisors LP | 4.47% | 343,299 | 10.29M | Jun 29, 2023 |
| Vanguard Group Inc | 4.20% | 322,188 | 9.66M | Jun 29, 2023 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 2.52% | 193,274 | 5.79M | Jun 29, 2023 |
| iShares Russell 2000 ETF | 1.90% | 145,589 | 4.41M | Aug 30, 2023 |
| Vanguard Extended Market Index Fund | 1.20% | 92,076 | 2.76M | Jun 29, 2023 |
| DFA U.S. Small Cap Value Series | 0.95% | 72,620 | 2.45M | Jul 30, 2023 |
| iShares Russell 2000 Value ETF | 0.76% | 58,130 | 1.76M | Aug 30, 2023 |
| Fidelity Small Cap Index Fund | 0.75% | 57,206 | 1.93M | Jul 30, 2023 |