Mr. Cooper Group Reports First Quarter 2024 Results
Mr. Cooper Group Inc. (COOP)
Last mr. cooper group inc. earnings: 4/30 07:00 am
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Company Research
Source: Business Wire
Reported net income of $181 million including other mark-to-market of $42 million, equivalent to ROCE of 16.7% and operating ROTCE of 14.5%Book value per share and tangible book value per share increased to $68.06 and $65.48Servicing portfolio grew 33% y/y to $1,136 billionRepurchased 0.5 million shares of common stock for $39 millionIssued $1 billion senior notes maturing 2032 with coupon of 7.125% 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 started the year with excellent momentum, including return on tangible common equity rising to 14.
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COOP
News
- Paramedic Avoids Prison in Death of Elijah McClain [The New York Times]The New York Times
- Mr. Cooper Group Inc. (NASDAQ: COOP) had its price target raised by analysts at Barclays PLC from $85.00 to $94.00. They now have an "overweight" rating on the stock.MarketBeat
- Mr. Cooper Group Inc. (NASDAQ: COOP) had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $88.00 to $90.00. They now have a "buy" rating on the stock.MarketBeat
- Mr. Cooper Group Inc. (NASDAQ:COOP) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- 11 Tips to Get Approved for a Mortgage [Yahoo! Finance]Yahoo! Finance
COOP
Earnings
- 4/24/24 - Beat
COOP
Sec Filings
- 4/30/24 - Form 4
- 4/29/24 - Form 144
- 4/29/24 - Form 144
- COOP's page on the SEC website