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Ocwen Financial Corporation (OCN)

Stock Price: $23.10 USD -0.53 (-2.24%)
Updated Oct 30, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 200.22M
Revenue (ttm) 1.03B
Net Income (ttm) -31.43M
Shares Out 8.67M
EPS (ttm) -3.61
PE Ratio n/a
Forward PE n/a
Dividend n/a
Dividend Yield n/a

Stock Quote

Trading Day Oct 30, 2020
Last Price $23.10
Previous Close $23.63
Change ($) -0.53
Change (%) -2.24%
Day's Open 23.42
Day's Range 22.39 - 23.94
Day's Volume 58,680
52-Week Range 4.22 - 29.50

More Stats

Market Cap 200.22M
Enterprise Value 2.61B
Earnings Date (est) Mar 3, 2021
Ex-Dividend Date n/a
Shares Outstanding 8.67M
Float 7.48M
EPS (basic) -3.45
EPS (diluted) -3.61
FCF / Share 30.12
Dividend n/a
Dividend Yield n/a
Earnings Yield n/a
FCF Yield 130.12%
Payout Ratio n/a
Shares Short 130,824
Short Ratio 1.50
Short % of Float 1.75%
Beta 1.82
PE Ratio n/a
Forward PE n/a
P/FCF Ratio 0.77
PS Ratio 0.20
PB Ratio 0.51
Revenue 1.03B
Operating Income 363.22M
Net Income -31.43M
Free Cash Flow 260.53M
Net Cash -2.41B
Net Cash / Share -278.03
Gross Margin 98.86%
Operating Margin 35.40%
Profit Margin -3.10%
FCF Margin 25.39%
ROA 2.80%
ROE -7.35%
ROIC -0.20%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Forecasts

Analyst Ratings (1)

Buy 0
Overweight 0
Hold 1
Underweight 0
Sell 0

Analyst Consensus: Hold

Price Target

$25.00*
Low
25.0
Current: $23.10
High
25.0
Target: 25.00
*Average 12-month price target from 1 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue1,1231,0631,1951,3871,7412,1112,038845496360
Revenue Growth5.68%-11.01%-13.88%-20.33%-17.54%3.58%141.16%70.44%37.6%-
Gross Profit1,1231,0631,1951,3871,7412,1112,038845496360
Operating Income32913119616426376.12737481256124
Net Income-142-70.77-128-200-247-47031018178.3337.98
Shares Outstanding8.968.918.478.278.358.769.058.936.976.68
Earnings Per Share-15.90-7.95-15.15-24.15-29.55-54.0031.9519.6510.655.40
EPS Growth------62.6%84.51%97.22%-
Operating Cash Flow1522734094215823538841,816982728
Capital Expenditures10.587.81-1.6724.60649-11.146.09-19.22-3.82-1.39
Free Cash Flow1632804074461,2313418911,797978726
Cash & Equivalents492397303257257129179220144129
Total Debt3,2523,4417,0876,3195,7816,4335,4093,6293,1821,874
Net Cash / Debt-2,759-3,044-6,784-6,063-5,524-6,303-5,231-3,409-3,038-1,745
Assets10,4069,3948,4037,6567,3808,2677,9275,6864,7282,921
Liabilities9,9948,8407,8567,0006,5267,2266,0543,9213,3852,017
Book Value4125555456538521,0381,8131,6111,343905
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Ocwen Financial Corporation
Country United States
Employees 5,500
CEO Glen A. Messina

Stock Information

Ticker Symbol OCN
Stock Exchange New York Stock Exchange
Sector Financial Services
Industry Mortgage Finance
Unique Identifier NYSE: OCN
IPO Date September 25, 1996

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 Lending segments. It provides commercial mortgage loan servicing, special servicing, and asset management services, as well as residential mortgage loan servicing, such as conventional, government-insured, and non-agency 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 of reverse mortgage lending. Ocwen Financial Corporation was founded in 1988 and is headquartered in West Palm Beach, Florida.