Q3 2018 EPS Estimates for Nationstar Mortgage Holdings Inc. (NYSE:NSM) Lowered by Wedbush

Nationstar Mortgage Holdings Inc. (NYSE:NSM) – Research analysts at Wedbush dropped their Q3 2018 earnings per share (EPS) estimates for Nationstar Mortgage Holdings in a report issued on Monday, Zacks Investment Research reports. Wedbush analyst H. Coffey now anticipates that the financial services provider will post earnings of $0.56 per share for the quarter, down from their prior forecast of $0.57.

Nationstar Mortgage Holdings (NYSE:NSM) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The business had revenue of $406.00 million for the quarter, compared to analyst estimates of $481.67 million. Nationstar Mortgage Holdings had a net margin of 9.34% and a return on equity of 8.88%. During the same period in the prior year, the firm earned $0.52 earnings per share. WARNING: “Q3 2018 EPS Estimates for Nationstar Mortgage Holdings Inc. (NYSE:NSM) Lowered by Wedbush” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://www.dispatchtribunal.com/2017/11/24/equities-analysts-issue-forecasts-for-nationstar-mortgage-holdings-inc-s-q3-2018-earnings-nsm.html.

Several other research analysts have also issued reports on NSM. Piper Jaffray Companies raised shares of Nationstar Mortgage Holdings from an “underweight” rating to a “neutral” rating in a research note on Tuesday. BidaskClub downgraded shares of Nationstar Mortgage Holdings from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. ValuEngine downgraded shares of Nationstar Mortgage Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research downgraded shares of Nationstar Mortgage Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $20.00 price objective on shares of Nationstar Mortgage Holdings in a report on Thursday, October 26th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Nationstar Mortgage Holdings presently has a consensus rating of “Hold” and an average price target of $18.50.

Nationstar Mortgage Holdings (NSM) opened at $17.36 on Wednesday. The stock has a market cap of $1,696.53, a price-to-earnings ratio of 11.35 and a beta of 1.48. Nationstar Mortgage Holdings has a 12 month low of $14.67 and a 12 month high of $20.71. The company has a debt-to-equity ratio of 6.26, a quick ratio of 0.46 and a current ratio of 0.46.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Teachers Advisors LLC raised its holdings in Nationstar Mortgage Holdings by 2.3% during the first quarter. Teachers Advisors LLC now owns 56,170 shares of the financial services provider’s stock worth $885,000 after buying an additional 1,287 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Nationstar Mortgage Holdings by 1.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 154,165 shares of the financial services provider’s stock valued at $2,759,000 after purchasing an additional 1,751 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of Nationstar Mortgage Holdings by 14.7% in the second quarter. Voya Investment Management LLC now owns 16,775 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 2,156 shares during the last quarter. Proxima Capital Management LLC raised its holdings in shares of Nationstar Mortgage Holdings by 0.5% in the second quarter. Proxima Capital Management LLC now owns 613,240 shares of the financial services provider’s stock valued at $10,971,000 after purchasing an additional 3,240 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Nationstar Mortgage Holdings by 33.7% in the first quarter. Legal & General Group Plc now owns 13,848 shares of the financial services provider’s stock valued at $219,000 after purchasing an additional 3,487 shares during the last quarter. Hedge funds and other institutional investors own 98.00% of the company’s stock.

Nationstar Mortgage Holdings Company Profile

Nationstar Mortgage Holdings Inc provides servicing, origination and transaction based services principally to single-family residences throughout the United States. The Company operates through three segments: Servicing, Originations and Xome. The Company provides residential loan services in the United States.

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Earnings History and Estimates for Nationstar Mortgage Holdings (NYSE:NSM)

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