PHH Corp. (NYSE:PHH) – Wedbush issued their Q3 2016 earnings per share (EPS) estimates for shares of PHH Corp. in a research note issued on Monday. Wedbush analyst H. Coffey expects that the brokerage will post earnings per share of $0.05 for the quarter. Wedbush currently has a “Neutral” rating and a $16.00 target price on the stock. Wedbush also issued estimates for PHH Corp.’s Q4 2016 earnings at ($0.01) EPS, Q1 2017 earnings at $0.03 EPS, Q2 2017 earnings at $0.03 EPS, Q3 2017 earnings at $0.07 EPS, Q4 2017 earnings at $0.07 EPS and FY2017 earnings at $0.20 EPS.

PHH Corp. (NYSE:PHH) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.38. The business had revenue of $196 million for the quarter, compared to analyst estimates of $182 million. PHH Corp. had a negative net margin of 22.64% and a negative return on equity of 6.33%. The company’s revenue was down 17.3% on a year-over-year basis. During the same quarter last year, the firm earned ($1.43) EPS.

Earnings History and Estimates for PHH Corp. (NYSE:PHH)

PHH has been the topic of several other research reports. Zacks Investment Research raised shares of PHH Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 19th. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of PHH Corp. in a report on Monday, August 8th. Finally, Keefe, Bruyette & Woods downgraded shares of PHH Corp. from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $14.92 to $17.00 in a report on Thursday, August 11th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $14.75.

Shares of PHH Corp. (NYSE:PHH) opened at 14.79 on Thursday. PHH Corp. has a 52 week low of $8.26 and a 52 week high of $18.68. The stock’s 50 day moving average is $14.73 and its 200-day moving average is $13.83. The company’s market cap is $791.66 million.

A number of large investors have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas increased its stake in PHH Corp. by 2.2% in the second quarter. Teacher Retirement System of Texas now owns 7,514 shares of the company’s stock worth $100,000 after buying an additional 159 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in PHH Corp. by 1.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 37,567 shares of the company’s stock worth $500,000 after buying an additional 437 shares during the last quarter. BlackRock Inc. increased its stake in PHH Corp. by 15.7% in the first quarter. BlackRock Inc. now owns 8,149 shares of the company’s stock worth $102,000 after buying an additional 1,103 shares during the last quarter. American International Group Inc. increased its stake in PHH Corp. by 4.8% in the second quarter. American International Group Inc. now owns 30,502 shares of the company’s stock worth $406,000 after buying an additional 1,391 shares during the last quarter. Finally, Nationwide Fund Advisors increased its stake in PHH Corp. by 5.6% in the second quarter. Nationwide Fund Advisors now owns 45,972 shares of the company’s stock worth $612,000 after buying an additional 2,448 shares during the last quarter.

PHH Corp. Company Profile

PHH Corporation (PHH) is a non-bank mortgage originator and servicer of the United States residential mortgage loans. The Company conducts its business through two segments: Mortgage Production and Mortgage Servicing. Its Mortgage Production segment originates, purchases and sells mortgage loans through PHH Mortgage.

5 Day Chart for NYSE:PHH

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