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    Ocwen Financial Corporation (OCN)

    Price:

    25.08 USD

    ( - -0.19 USD)

    Your position:

    0 USD

    ACTION PANEL
    CREATE A NOTE
    ABOUT
    Symbol
    OCN
    Name
    Ocwen Financial Corporation
    Industry
    Financial - Mortgages
    Sector
    Financial Services
    Price
    25.080
    Market Cap
    195.865M
    Enterprise value
    -8.156M
    Currency
    USD
    Ceo
    Glen A. Messina
    Full Time Employees
    4400
    Website
    Ipo Date
    1996-09-25
    City
    West Palm Beach
    Address
    1661 Worthington Road

    Check the

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    SIMILAR COMPANIES STI SCORE

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    Market Cap
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    Industry
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    Sector
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    Velocity Financial, Inc.

    VALUE SCORE:

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    Symbol
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    Market Cap
    762.881M
    Industry
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    Sector
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    Walker & Dunlop, Inc.

    VALUE SCORE:

    8

    Symbol
    WD
    Market Cap
    2.130B
    Industry
    Financial - Mortgages
    Sector
    Financial Services
    FUNDAMENTALS
    P/E
    9.691
    P/S
    0.327
    P/B
    0.649
    Debt/Equity
    0
    EV/FCF
    -0.283
    Price to operating cash flow
    -1.000
    Price to free cash flow
    -1.000
    EV/sales
    0.327
    Earnings yield
    0.103
    Debt/assets
    0
    FUNDAMENTALS
    Net debt/ebidta
    0
    Interest coverage
    0
    Research And Developement To Revenue
    0
    Intangile to total assets
    0
    Capex to operating cash flow
    -0.341
    Capex to revenue
    0.293
    Capex to depreciation
    48.818
    Return on tangible assets
    0
    Debt to market cap
    0
    Piotroski Score
    3.000
    FUNDAMENTALS
    PEG
    -0.166
    P/CF
    -0.139
    P/FCF
    -0.185
    RoA %
    0.631
    RoIC %
    0
    Gross Profit Margin %
    63.236
    Quick Ratio
    0
    Current Ratio
    0
    Net Profit Margin %
    10.858
    Net-Net
    -1.939k
    FUNDAMENTALS PER SHARE
    FCF per share
    -158.069
    Revenue per share
    136.950
    Net income per share
    4.600
    Operating cash flow per share
    -117.900
    Free cash flow per share
    -158.069
    Cash per share
    0
    Book value per share
    -1.939k
    Tangible book value per share
    -1.939k
    Shareholders equity per share
    68.731
    Interest debt per share
    0
    TECHNICAL
    52 weeks high
    35.790
    52 weeks low
    21.150
    Current trading session High
    25.300
    Current trading session Low
    24.470
    DIVIDEND
    Dividend yield
    0.00%
    Payout ratio
    7.05%
    Years of div. Increase
    0
    Years of div.
    0
    Q-shift
    Dividend per share
    0
    SIMILAR COMPANIES
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    Country
    US
    Sector
    Financial Services
    Industry
    Shell Companies
    Dividend yield
    0%
    Payout Ratio
    0%
    P/E
    3.697

    No data to display

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    Country
    US
    Sector
    Financial Services
    Industry
    Shell Companies
    Dividend yield
    0%
    Payout Ratio
    0%
    P/E
    0

    No data to display

    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Banks - Regional
    Dividend yield
    0%
    Payout Ratio
    0%
    P/E
    9.713

    No data to display

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    Country
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    Sector
    Financial Services
    Industry
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    Dividend yield
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    Payout Ratio
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    P/E
    1.272
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    Sector
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    Dividend yield
    0%
    Payout Ratio
    0%
    P/E
    13.394

    No data to display

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    Country
    US
    Sector
    Financial Services
    Industry
    Shell Companies
    Dividend yield
    0%
    Payout Ratio
    0%
    P/E
    0

    No data to display

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    Country
    US
    Sector
    Financial Services
    Industry
    Shell Companies
    Dividend yield
    0%
    Payout Ratio
    0%
    P/E
    79.930

    No data to display

    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Banks - Regional
    Dividend yield
    0.0066508316%
    Payout Ratio
    32.913875999999995%
    P/E
    24.804

    No data to display

    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Asset Management
    Dividend yield
    0.22702703%
    Payout Ratio
    -1120.4669000000001%
    P/E
    -57.246
    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Shell Companies
    Dividend yield
    0%
    Payout Ratio
    0%
    P/E
    37.233

    No data to display

    DESCRIPTION

    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. The company operates through Servicing and Originations segments. It provides commercial mortgage loan servicing, special servicing, and asset management services, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans to owners of mortgage loans and foreclosed real estate. The company also originates and purchases conventional and government-insured residential forward and reverse mortgage loans through its correspondent lending arrangements, broker relationships, and retail channels. Ocwen Financial Corporation serves primarily under the PHH Mortgage and Liberty Reverse Mortgage brands. The company was founded in 1988 and is headquartered in West Palm Beach, Florida.

    NEWS
    https://images.financialmodelingprep.com/news/ocwen-financial-officially-rebrands-as-onity-group-20240610.jpg
    Ocwen Financial Officially Rebrands as Onity™ Group

    globenewswire.com

    2024-06-10 06:45:00

    WEST PALM BEACH, Fla., June 10, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that it has officially started operating under its new brand name effective Monday, June 10, 2024, replacing its former name, Ocwen Financial Corporation.

    https://images.financialmodelingprep.com/news/ocwen-financial-announces-shareholder-approval-to-rebrand-as-onity-20240528.jpg
    Ocwen Financial Announces Shareholder Approval to Rebrand as Onity™ Group

    globenewswire.com

    2024-05-28 16:15:00

    New name and NYSE trading symbol (“ONIT”) expected to be effective June 10, 2024 PHH Mortgage expected to rebrand to Onity Mortgage in the fall of 2024

    https://images.financialmodelingprep.com/news/ocwen-financial-ocn-tops-q1-earnings-estimates-20240502.jpg
    Ocwen Financial (OCN) Tops Q1 Earnings Estimates

    zacks.com

    2024-05-02 20:46:04

    Ocwen Financial (OCN) came out with quarterly earnings of $1.74 per share, beating the Zacks Consensus Estimate of $1.21 per share. This compares to loss of $0.16 per share a year ago.

    https://images.financialmodelingprep.com/news/ocwen-financial-corporation-ocn-q1-2024-earnings-call-transcript-20240502.jpg
    Ocwen Financial Corporation (OCN) Q1 2024 Earnings Call Transcript

    seekingalpha.com

    2024-05-02 15:25:25

    Ocwen Financial Corporation (NYSE:OCN ) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Dico Akseraylian - SVP, Corporate Communications Glen Messina - Chair and CEO Sean O'Neil - CFO Conference Call Participants Bose George - KBW Matthew Howlett - B. Riley Eric Hagen - BTIG Dico Akseraylian Good morning, and thank you for joining us for Ocwen's First Quarter 2024 Earnings Call.

    https://images.financialmodelingprep.com/news/ocwen-financial-announces-first-quarter-2024-results-20240502.jpg
    Ocwen Financial Announces First Quarter 2024 Results

    globenewswire.com

    2024-05-02 06:45:00

    WEST PALM BEACH, Fla., May 02, 2024 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced its first quarter 2024 results and provided a business update.

    https://images.financialmodelingprep.com/news/ocwen-financial-ocn-earnings-expected-to-grow-should-you-20240425.jpg
    Ocwen Financial (OCN) Earnings Expected to Grow: Should You Buy?

    zacks.com

    2024-04-25 11:06:25

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

    https://images.financialmodelingprep.com/news/ocwen-financial-schedules-conference-call-first-quarter-2024-results-20240424.jpg
    Ocwen Financial Schedules Conference Call – First Quarter 2024 Results and Business Update

    globenewswire.com

    2024-04-24 17:24:00

    WEST PALM BEACH, Fla., April 24, 2024 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Thursday, May 2, 2024 at 8:30 a.m. (ET) to review the Company's first quarter 2024 operating results and provide a business update.

    https://images.financialmodelingprep.com/news/can-ocwen-ocn-keep-the-earnings-surprise-streak-alive-20240422.jpg
    Can Ocwen (OCN) Keep the Earnings Surprise Streak Alive?

    zacks.com

    2024-04-22 13:16:20

    Ocwen (OCN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

    https://images.financialmodelingprep.com/news/ocwen-financial-announces-intention-to-rebrand-as-onity-group-20240403.jpg
    Ocwen Financial Announces Intention to Rebrand as Onity™ Group

    globenewswire.com

    2024-04-03 16:15:00

    Name change proposal to be submitted for approval at upcoming Annual Meeting of Shareholders New name embodies the Company's transformation into a balanced and diversified business Ocwen subsidiary PHH Mortgage expected to rebrand to Onity Mortgage later this year WEST PALM BEACH, Fla., April 03, 2024 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced plans to change its name to Onity Group Inc. The Company will submit a proposal to effect the name change at its Annual Meeting of Shareholders scheduled for May 28, 2024.

    https://images.financialmodelingprep.com/news/ocwen-financial-corporation-announces-appointment-of-claudia-merkle-to-20240402.jpg
    Ocwen Financial Corporation Announces Appointment of Claudia Merkle to Board of Directors

    globenewswire.com

    2024-04-02 06:45:00

    Phyllis Caldwell Will Not Stand for Re-election at 2024 Annual Meeting of Shareholders Phyllis Caldwell Will Not Stand for Re-election at 2024 Annual Meeting of Shareholders

    https://images.financialmodelingprep.com/news/3-mortgage-related-services-stocks-to-buy-on-industry-20240315.jpg
    3 Mortgage & Related Services Stocks to Buy on Industry Recovery

    zacks.com

    2024-03-15 11:31:08

    The Zacks Mortgage & Related Services industry players benefit from expected rate cuts, low competition from banks and strong servicing business. PennyMac Financial Services (PFSI), Federal Agricultural Mortgage (AGM) and Ocwen Financial (OCN) look well-placed for growth.

    https://images.financialmodelingprep.com/news/down-1681-in-4-weeks-heres-why-you-should-20240315.jpg
    Down -16.81% in 4 Weeks, Here's Why You Should You Buy the Dip in Ocwen (OCN)

    zacks.com

    2024-03-15 10:36:04

    The heavy selling pressure might have exhausted for Ocwen (OCN) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

    https://images.financialmodelingprep.com/news/phh-mortgage-recognized-by-fannie-mae-as-a-2023-20240311.jpg
    PHH Mortgage Recognized by Fannie Mae as a 2023 Star Performer

    globenewswire.com

    2024-03-11 16:15:00

    WEST PALM BEACH, Fla., March 11, 2024 (GLOBE NEWSWIRE) -- PHH Mortgage (“PHH” or the “Company”), a subsidiary of Ocwen Financial Corporation (NYSE: OCN) and a leading non-bank mortgage servicer and originator, today announced the Company achieved Fannie Mae's 2023 Servicer Total Achievement and Rewards™ (STAR™) Performer recognition.

    https://images.financialmodelingprep.com/news/ocwen-ocn-upgraded-to-buy-what-does-it-mean-20240229.jpg
    Ocwen (OCN) Upgraded to Buy: What Does It Mean for the Stock?

    zacks.com

    2024-02-29 13:01:18

    Ocwen (OCN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

    https://images.financialmodelingprep.com/news/ocwen-financial-ocn-q4-earnings-and-revenues-top-estimates-20240227.jpg
    Ocwen Financial (OCN) Q4 Earnings and Revenues Top Estimates

    zacks.com

    2024-02-27 10:51:04

    Ocwen Financial (OCN) came out with quarterly earnings of $1.44 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to loss of $3.35 per share a year ago.

    https://images.financialmodelingprep.com/news/ocwen-financial-announces-full-year-and-fourth-quarter-2023-20240227.jpg
    Ocwen Financial Announces Full Year and Fourth Quarter 2023 Results

    globenewswire.com

    2024-02-27 06:45:00

    WEST PALM BEACH, Fla., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced its full year and fourth quarter 2023 results and provided a business update.