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OCN

Ocwen Financial Corp.

$25.52

Earnings Summary

Revenue
$222.16Mn
Net Profits
$10.35Mn
Net Profit Margins
4.66%

Highlights

Revenue:

Ocwen Financial Corp.’s revenue fell -16.31% since last year same period to $222.16Mn in the Q2 2022. On a quarterly growth basis, Ocwen Financial Corp. has generated -4.06% fall in its revenue since last 3-months.

Net Profits:

Ocwen Financial Corp.’s net profit jumped 200.31% since last year same period to $10.35Mn in the Q2 2022. On a quarterly growth basis, Ocwen Financial Corp. has generated -82.17% fall in its net profits since last 3-months.

Net Profit Margins:

Ocwen Financial Corp.’s net profit margin jumped 219.85% since last year same period to 4.66% in the Q2 2022. On a quarterly growth basis, Ocwen Financial Corp. has generated -81.42% fall in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Ocwen Financial Corp. post its latest quarter earnings

EPS Estimate Current Quarter
0.41
EPS Estimate Current Year
0.41

Highlights

EPS Estimate Current Quarter:

Ocwen Financial Corp.’s earning per share (EPS) estimates for the current quarter stand at 0.41 - a -2.38% fall from last quarter’s estimates.

EPS Estimate Current Year:

Ocwen Financial Corp.’s earning per share (EPS) estimates for the current year stand at 0.41.

Key Ratios

Key ratios of the Ocwen Financial Corp. post its Q4 2022 earnings

Return on Assets (ROA)
0.02
Return on Equity (ROE)
0.06

Highlights

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Ocwen Financial Corp.’s return on assets (ROA) stands at 0.02.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Ocwen Financial Corp.’s return on equity (ROE) stands at 0.06.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2020-08-04
0.15
2.1
1300%
2020-05-08
-6.07
-0.9
85.17%
2020-11-03
0.4
-1.09
-372.5%
2021-02-19
0.24
-0.83
-445.83%

Company Information

Ocwen Financial Corporation is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. PHH Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs. Liberty is one of the nation's largest reverse mortgage lenders dedicated to education and providing loans that help customers meet their personal and financial needs. The Company is headquartered in West Palm Beach, Florida, with offices in the United States and the U.S. Virgin Islands and operations in India and the Philippines, and has been serving its customers since 1988.

Organisation
Ocwen Financial Corp.
Headquarters
1661 Worthington Road, West Palm Beach, FL, United States, 33409
Employees
4900
Industry
Finance
CEO
Glen Messina