Mr. Cooper Group Inc

Mr. Cooper Group, Inc. engages in the provision of residential loan services. It operated through the following segments: Servicing, and Originations. The Servicing segment consists of collecting loan payments, remitting principal and interest payments to investors, managing escrow funds for the payment of mortgage-related expenses, such as taxes and insurance, performing loss mitigation activities on behalf of investors and otherwise administering mortgage loan servicing portfolio. The Originations segment provides refinance opportunities to the existing servicing customers through direct-to-consumer platform and purchases loans from originators through correspondent channel. The company was founded in 1889 and is headquartered in Coppell, TX.

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Earnings data Q4 2024

Mr. Cooper Group reports strong 2022 performance and eyes growth opportunities in MSR trading and technology implementation

Mr. Cooper Group Inc (COOP) had a successful 2022, showing growth in key metrics and strategic acquisitions. The company's focus on efficiency, optimism for 2023, and investment in technology position it well for future opportunities and profitability.

Mr. Cooper Group Inc excels in Q1 2023, eyes strategic growth

Mr. Cooper Group Inc's Q1 2023 earnings call highlighted strong financial performance, strategic acquisitions, and a focus on risk management and growth opportunities.
The company's emphasis on maintaining a strong balance sheet, efficient loan management, and disciplined capital allocation underscores its commitment to long-term success.
Challenges in balancing growth targets with return discipline and managing MSR risks are areas of focus for sustainable performance and value creation.
Opportunities in liquidity management, strategic acquisitions, and high-return MSR purchases position the company for continued growth and market leadership.

Mr. Cooper Group excels in Q2, eyes $1 trillion portfolio

Mr. Cooper Group's Q2 earnings call showcased strong financial performance, strategic investments in the servicing platform, and a focus on portfolio growth and cost reduction initiatives.
Certified as a Great Place to Work, the company's commitment to excellence is evident in its operational achievements and plans for future expansion and profitability.
While facing challenges such as managing prepay speeds and integration projects, Mr. Cooper Group is well-positioned to capitalize on growth opportunities in the DTC platform and servicing segment.

Mr. Cooper Group excels in Q3, eyes $1B MSR fund

Mr. Cooper Group Inc (COOP) showcased strong financial performance, strategic acquisitions, and operational capabilities in Q3 2023. Despite challenges in margin compression, the company's focus on high-return markets and delinquency improvements positions it well for future growth. With a $1 billion MSR fund in sight and readiness for larger acquisitions, Mr. Cooper Group is poised for continued success.

Mr. Cooper Group excels in Q4, eyes sustainable growth and subservicing expansion

Mr. Cooper Group's Q4 earnings call showcased strong performance, robust balance sheet, and confidence in growth strategies. Addressed challenges include sustaining growth and navigating stricter capital rules. Opportunities identified in maintaining sustainable growth and expanding subservicing deals.

Mr. Cooper Group Inc reports robust Q1 performance and growth opportunities

Mr. Cooper Group Inc's Q1 earnings call showcased strong financial performance, strategic technology investments, and a positive outlook for future growth. The company's disciplined approach to acquisitions and focus on operational efficiency position them well for continued success. Market opportunities in new product offerings and expanding servicing capabilities present avenues for further growth.

Mr. Cooper Group excels in Q2, eyes efficiency and growth

Mr. Cooper Group's Q2 earnings call showcased robust performance across servicing and originations segments, driven by operational excellence.
Strategic acquisitions and a focus on technology underscore the company's commitment to growth and efficiency in a competitive market landscape.
Challenges in MSR valuation and hedging strategies require careful management, while opportunities in sector consolidation and digital transformation offer avenues for future growth.
Maintaining a balance between operational efficiency, asset quality, and growth initiatives will be crucial for sustaining profitability and market leadership.

Mr. Cooper Group excels in Q3, eyes AI for growth

Mr. Cooper Group's strong performance in Q3 reflects robust financial health and strategic growth initiatives.
The company's focus on customer experience, operational efficiency, and growth opportunities positions it well for the future.
Challenges lie in maintaining profitability targets amidst market dynamics and effectively integrating AI technologies.
Overall, Mr. Cooper Group's proactive approach and solid fundamentals bode well for sustained success and value creation.

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Fuel Tech

Kronos Worldwide

Stride

SEI Investments

FTEK, KRO, SEIC, COOP and LRN have been added to the Zacks Rank #1 (Strong Buy) List on April 26, 2024.

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LRN and COOP made it to the Zacks Rank #1 (Strong Buy) value stocks list on April 26, 2024.

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Mr. Cooper Group Inc. (NASDAQ:COOP ) Q1 2024 Earnings Conference Call April 24, 2024 10:00 AM ET Company Participants Ken Posner - SVP of Strategic Planning and IR Jay Bray - Chairman & CEO Mike Weinbach - President Kurt Johnson - EVP& CFO Conference Call Participants Crispin Love - Piper Sandler Bose George - KBW Doug Harter - UBS Kyle Joseph - Jefferies Giuliano Bologna - Compass Point Terry Ma - Barclays Eric Hagen - BTIG Ken Posner Good morning and welcome to Mr. Cooper Group's First Quarter Earnings Call.

Mr. Cooper Group Inc. (COOP) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for Mr Cooper (COOP) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Mr Cooper (COOP) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

DALLAS--(BUSINESS WIRE)--Mr. Cooper Group Inc. (NASDAQ: COOP) (the “Company”), reported first quarter income before income tax expense of $232 and net income of $181 million. Excluding other mark-to-market and other adjustments, the Company reported pretax operating income of $199 million. Adjustments included other mark-to-market net of hedges of $42 million and other items shown below in the reconciliation of GAAP and non-GAAP results. Chairman and CEO Jay Bray commented, “The company has sta.

Mr. Cooper Group Reports First Quarter 2024 Results

Mr. Cooper Group (COOP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Mr. Cooper Group (COOP) Might Surprise This Earnings Season

DALLAS--(BUSINESS WIRE)--Mr. Cooper Group Inc. (NASDAQ: COOP) announced today the appointment of two new senior leaders. Ranjit Bhattacharjee will join the executive leadership team on May 6, 2024, as Executive Vice President and Chief Investment Officer, overseeing capital markets and correspondent lending for the company and reporting to Chairman and CEO Jay Bray. Kevin Barker assumed the role of Senior Vice President, Corporate Finance on April 22, 2024, leading the company's business financ.

Mr. Cooper Group Announces Two New Senior Leaders

Mr Cooper (COOP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Mr Cooper (COOP) Reports Next Week: Wall Street Expects Earnings Growth

Mr Cooper (COOP) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

MR. COOPER GROUP INC (COOP) Hits Fresh High: Is There Still Room to Run?

DALLAS--(BUSINESS WIRE)--Mr. Cooper Group Inc. (NASDAQ: COOP) will discuss its financial results for the first quarter 2024 on April 24, 2024 at 10:00 A.M. Eastern Time. A copy of the press release and investor presentation will be posted prior to the call under the investors section on Mr. Cooper Group's website, www.mrcoopergroup.com. Pre-registration for the call is now open by following the registration link here. Participants will receive a toll-free dial-in number and a unique registrant.

Mr. Cooper Group Inc. to Discuss First Quarter 2024 Financial Results on April 24, 2024

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Does Mr Cooper (COOP) have what it takes to be a top stock pick for momentum investors? Let's find out.

Mr Cooper (COOP) is a Great Momentum Stock: Should You Buy?

Here is how Mr Cooper (COOP) and SL Green (SLG) have performed compared to their sector so far this year.

Is Mr. Cooper Group (COOP) Stock Outpacing Its Finance Peers This Year?

Mr. Cooper Group (COOP) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

MR. COOPER GROUP INC (COOP) Hit a 52 Week High, Can the Run Continue?

Here is how Mr Cooper (COOP) and Hercules Capital (HTGC) have performed compared to their sector so far this year.

Is Mr. Cooper Group (COOP) Outperforming Other Finance Stocks This Year?

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Though concerns about rising prices and weak asset quality are likely to hurt the Zacks Consumer Loans industry, the digitization of operations and easing lending standards are expected to support Cooper Group (COOP), World Acceptance (WRLD) & EZCORP (EZPW).

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What Makes Mr Cooper (COOP) a Strong Momentum Stock: Buy Now?

Mr. Cooper Group Inc. could soon reach a portfolio of $1 trillion, which may attract new investors and lead to a stock price increase. The company's business model has shown consistent growth and offers servicing costs 38% below industry average. Factors such as stock repurchases, technological innovations, and a high recapture percentage contribute to the company's potential for stock price growth.

Mr. Cooper: Potential $1 Trillion Loan Portfolio At 10x Earnings

Mr. Cooper Group Inc. (COOP) Q4 2023 Earnings Call Transcript

The headline numbers for Mr Cooper (COOP) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Mr Cooper (COOP) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

Mr Cooper (COOP) came out with quarterly earnings of $1.71 per share, beating the Zacks Consensus Estimate of $1.37 per share. This compares to earnings of $0.86 per share a year ago.

Mr Cooper (COOP) Q4 Earnings and Revenues Top Estimates

DALLAS--(BUSINESS WIRE)--Mr. Cooper Group Inc. (NASDAQ: COOP) (the “Company”), reported fourth quarter income before income tax expense of $69 and net income of $46 million. Excluding other mark-to-market and other adjustments, the Company reported pretax operating income of $151 million. Adjustments included other mark-to-market net of hedges of $41 million, $27 million related to the previously disclosed cyber event, and other items shown below in the reconciliation of GAAP and non-GAAP resul.

Mr. Cooper Group Reports Fourth Quarter 2023 Results

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Mr Cooper (COOP), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.

Ahead of Mr Cooper (COOP) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Mr Cooper (COOP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Mr Cooper (COOP) Earnings Expected to Grow: Should You Buy?

DALLAS--(BUSINESS WIRE)--Mr. Cooper Group Inc. (NASDAQ: COOP) (“Mr. Cooper”) announced the pricing of an offering by Nationstar Mortgage Holdings Inc., a direct wholly-owned subsidiary of Mr. Cooper (“Nationstar”), of $1,000,000,000 7.125% Senior Notes due 2032 (the “Notes”). The Notes will bear interest at 7.125% per annum and will mature on February 1, 2032. Interest on the Notes will be payable semi-annually on February 1 and August 1 of each year, beginning on August 1, 2024. The offering i.

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