Ocwen Financial (OCN) Getting Somewhat Favorable Press Coverage, Report Finds
News coverage about Ocwen Financial (NYSE:OCN) has trended somewhat positive on Friday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ocwen Financial earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.0516279145405 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
OCN opened at $4.17 on Friday. Ocwen Financial has a 12 month low of $2.74 and a 12 month high of $4.84. The company has a debt-to-equity ratio of 10.77, a quick ratio of 7.67 and a current ratio of 7.67. The company has a market capitalization of $559.75 million, a P/E ratio of -4.44 and a beta of 1.07.
Ocwen Financial (NYSE:OCN) last posted its earnings results on Thursday, July 26th. The financial services provider reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.13). Ocwen Financial had a negative net margin of 7.26% and a negative return on equity of 11.62%. The business had revenue of $253.58 million during the quarter, compared to analyst estimates of $256.00 million. During the same quarter in the prior year, the business earned ($0.36) earnings per share. The firm’s revenue was down 18.5% compared to the same quarter last year.
About Ocwen Financial
Ocwen Financial Corporation, a financial services holding company, originates and services loans in the United States, the United States Virgin Islands, India, and Philippines. Its Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset management services to owners of mortgage loans and foreclosed real estate.
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