Ocwen Financial (OCN) Set to Announce Quarterly Earnings on Wednesday

Share on StockTwits

Ocwen Financial (NYSE:OCN) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, February 27th.

NYSE OCN opened at $2.11 on Thursday. Ocwen Financial has a 52 week low of $1.20 and a 52 week high of $4.84. The company has a current ratio of 8.31, a quick ratio of 8.31 and a debt-to-equity ratio of 11.76.

In related news, major shareholder Leon G. Cooperman sold 200,000 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $2.05, for a total transaction of $410,000.00. Following the completion of the sale, the insider now owns 1,000,000 shares in the company, valued at $2,050,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Leon G. Cooperman sold 425,000 shares of the company’s stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $1.95, for a total value of $828,750.00. Following the sale, the insider now owns 1,000,000 shares of the company’s stock, valued at approximately $1,950,000. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

OCN has been the subject of several recent research reports. ValuEngine upgraded Ocwen Financial from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. BTIG Research initiated coverage on Ocwen Financial in a report on Thursday, November 29th. They set a “neutral” rating for the company. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $4.00 price objective on shares of Ocwen Financial in a report on Thursday, November 8th.

ILLEGAL ACTIVITY NOTICE: This story was first published by Macon Daily and is owned by of Macon Daily. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://macondaily.com/2019/02/21/ocwen-financial-ocn-set-to-announce-quarterly-earnings-on-wednesday.html.

About Ocwen Financial

Ocwen Financial Corporation, a financial services holding company, originates and services loans in the United States, the United States Virgin Islands, India, and Philippines. Its Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset management services to owners of mortgage loans and foreclosed real estate.

Read More: Are analyst ratings accurate?

Earnings History for Ocwen Financial (NYSE:OCN)

Receive News & Ratings for Ocwen Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ocwen Financial and related companies with MarketBeat.com's FREE daily email newsletter.