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Ocwen Financial Corporation (OCN)OCN
- BUY Advisory
- Profitable SELL
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Upturn Advisory Summary
05/31/2024: OCN (1-star) is a SELL. SELL since 3 days. Profits (-8.50%). Updated daily EoD!
Analysis of Past Upturns
Type: Stock | Upturn Star Rating | Today’s Advisory: SELL |
Profit: -4.11% | Upturn Advisory Performance  3 | Avg. Invested days: 41 |
| Profits based on simulation | Stock Returns Performance  1 | Last Close 05/31/2024 |
Type: Stock | Today’s Advisory: SELL |
Profit: -4.11% | Avg. Invested days: 41 |
Upturn Star Rating | Stock Returns Performance 1 |
| Profits based on simulation Last Close 05/31/2024 | Upturn Advisory Performance 3 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 195.87M USD |
Price to earnings Ratio 33.89 | 1Y Target Price 40.67 |
Dividends yield (FY) - | Basic EPS (TTM) 0.74 |
Volume (30-day avg) 15995 | Beta 1.93 |
52 Weeks Range 21.15 - 35.79 | Updated Date 07/24/2024 |
Company Size Small-Cap Stock | Market Capitalization 195.87M USD | Price to earnings Ratio 33.89 | 1Y Target Price 40.67 |
Dividends yield (FY) - | Basic EPS (TTM) 0.74 | Volume (30-day avg) 15995 | Beta 1.93 |
52 Weeks Range 21.15 - 35.79 | Updated Date 07/24/2024 |
Earnings Date
Report Date 2024-08-01 | When BeforeMarket |
Estimate 1.3 | Actual - |
Report Date 2024-08-01 | When BeforeMarket | Estimate 1.3 | Actual - |
Profitability
Profit Margin 0.63% | Operating Margin (TTM) 56.34% |
Management Effectiveness
Return on Assets (TTM) 3.12% | Return on Equity (TTM) 1.56% |
Revenue by Products
Revenue by Products - Current and Previous Year
Valuation
Trailing PE 33.89 | Forward PE - |
Enterprise Value 11927064576 | Price to Sales(TTM) 0.17 |
Enterprise Value to Revenue 9.53 | Enterprise Value to EBITDA 45.69 |
Shares Outstanding 7809620 | Shares Floating 5815510 |
Percent Insiders 20.95 | Percent Institutions 51.5 |
Trailing PE 33.89 | Forward PE - | Enterprise Value 11927064576 | Price to Sales(TTM) 0.17 |
Enterprise Value to Revenue 9.53 | Enterprise Value to EBITDA 45.69 | Shares Outstanding 7809620 | Shares Floating 5815510 |
Percent Insiders 20.95 | Percent Institutions 51.5 |
Analyst Ratings
Rating 4 | Target Price 40 | Buy - |
Strong Buy 2 | Hold 2 | Sell - |
Strong Sell - |
Rating 4 | Target Price 40 | Buy - | Strong Buy 2 |
Hold 2 | Sell - | Strong Sell - |
AI Summarization
Ocwen Financial Corporation: A Comprehensive Overview
Company Profile:
History and Background:
Ocwen Financial Corporation (OCN) is a residential mortgage loan servicer and originator based in West Palm Beach, Florida. Founded in 1988, the company initially focused on subprime mortgage servicing. Over the years, it expanded into other areas, including loan origination, reverse mortgage servicing, and asset management. Ocwen has faced numerous challenges, including regulatory scrutiny, lawsuits, and financial difficulties. However, it remains a significant player in the mortgage servicing industry.
Core Business Areas:
- Mortgage Servicing: Ocwen's primary business is servicing residential mortgages. This includes collecting payments, managing escrow accounts, and handling foreclosures.
- Loan Origination: Ocwen also originates mortgage loans through its retail and wholesale channels.
- Reverse Mortgage Servicing: The company services reverse mortgages, which allow homeowners to access equity in their homes without making monthly payments.
- Asset Management: Ocwen manages a portfolio of real estate assets, including REOs (real estate owned) and non-performing loans.
Leadership and Corporate Structure:
- Glenn R. Messina: President and CEO
- David H. Beck: Chief Operating Officer
- Heather A. Shanahan: Chief Financial Officer
- John P. Britti: Chief Legal Officer
- Mark A. Verbeek: Chief Risk Officer
Top Products and Market Share:
Top Products:
- Subprime Mortgage Servicing: Ocwen is a leading servicer of subprime mortgages, which are loans made to borrowers with lower credit scores.
- Reverse Mortgage Servicing: The company is a major player in the reverse mortgage market, with a significant share of the market.
- Non-QM Loan Origination: Ocwen originates non-QM loans, which are mortgages that don't meet the requirements of Fannie Mae and Freddie Mac.
Market Share:
- Mortgage Servicing: Ocwen has a market share of approximately 4% of the US mortgage servicing market.
- Reverse Mortgage Servicing: The company has a market share of approximately 10% of the US reverse mortgage servicing market.
- Non-QM Loan Origination: Ocwen's market share in the non-QM loan origination market is relatively small.
Product Performance and Market Reception:
- Mortgage Servicing: Ocwen's mortgage servicing business has been challenged by regulatory scrutiny and lawsuits. However, the company has made efforts to improve its servicing practices.
- Reverse Mortgage Servicing: Ocwen's reverse mortgage servicing business has been relatively stable.
- Non-QM Loan Origination: The non-QM loan origination market is niche but growing. Ocwen is well-positioned to capitalize on this growth.
Total Addressable Market:
The total addressable market for Ocwen's businesses is estimated to be over $1 trillion. This includes the US mortgage market, the reverse mortgage market, and the non-QM loan origination market.
Continued in next comment...
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Ocwen Financial Corporation
| Exchange | NYSE | Headquaters | West Palm Beach, FL, United States |
| IPO Launch date | 1996-09-25 | CEO, President & Chair of the Board | Mr. Glen A. Messina |
| Sector | Financial Services | Website | https://www.ocwen.com |
| Industry | Mortgage Finance | Full time employees | 4400 |
| Headquaters | West Palm Beach, FL, United States | ||
| CEO, President & Chair of the Board | Mr. Glen A. Messina | ||
| Website | https://www.ocwen.com | ||
| Website | https://www.ocwen.com | ||
| Full time employees | 4400 |
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. It operates through, Servicing and Originations segments. The company provides commercial forward mortgage loan servicing, reverse mortgage servicing, special servicing, and asset management services for to owners of mortgage loans and foreclosed real estate, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans classified as loans. It also originates and purchases conventional and government-insured residential forward and reverse mortgage loans through its correspondent lending arrangements, broker relationships, and retail channels. It serves primarily under the PHH Mortgage and Liberty Reverse Mortgage brands. Ocwen Financial Corporation was founded in 1988 and is headquartered in West Palm Beach, Florida.
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