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Ocwen Financial (OCN) Company Overview

Profile

Full Name:

Onity Group Inc.

Country:

United States

IPO:

September 25, 1996

Indexes:

Not included

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. 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.

Events Calendar

Earnings

Next earnings date:

N/A

Recent quarterly earnings:

Aug 2, 2024

Recent annual earnings:

Feb 27, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Aug 26, 1999
Splits

Next split:

N/A

Recent split:

Aug 14, 2020

Analyst ratings

Recent major analysts updates

May 8, 24 Keefe, Bruyette & Woods
Market Perform
Apr 9, 24 Keefe, Bruyette & Woods
Market Perform
Mar 26, 24 B. Riley Securities
Buy
Apr 21, 22 BTIG
Neutral
Dec 8, 21 B. Riley Securities
Buy
Sep 9, 21 B. Riley Securities
Buy
Jun 30, 21 Jefferies
Buy

Screeners with OCN included

No data

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Ocwen Financial Announces Shareholder Approval to Rebrand as Onity™ Group
Ocwen Financial Announces Shareholder Approval to Rebrand as Onity™ Group
Ocwen Financial Announces Shareholder Approval to Rebrand as Onity™ Group
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globenewswire.comMay 28, 2024

New name and NYSE trading symbol (“ONIT”) expected to be effective June 10, 2024 PHH Mortgage expected to rebrand to Onity Mortgage in the fall of 2024

Ocwen Financial (OCN) Tops Q1 Earnings Estimates
Ocwen Financial (OCN) Tops Q1 Earnings Estimates
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Zacks Investment ResearchMay 2, 2024

Ocwen Financial (OCN) reported quarterly earnings of $1.74 per share, surpassing the Zacks Consensus Estimate of $1.21 per share. This is an improvement from a loss of $0.16 per share in the same quarter last year.

Down -16.81% in 4 Weeks, Here's Why You Should You Buy the Dip in Ocwen (OCN)
Down -16.81% in 4 Weeks, Here's Why You Should You Buy the Dip in Ocwen (OCN)
Down -16.81% in 4 Weeks, Here's Why You Should You Buy the Dip in Ocwen (OCN)
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Zacks Investment ResearchMarch 15, 2024

The heavy selling pressure might have exhausted for Ocwen (OCN) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Ocwen (OCN) Upgraded to Buy: What Does It Mean for the Stock?
Ocwen (OCN) Upgraded to Buy: What Does It Mean for the Stock?
Ocwen (OCN) Upgraded to Buy: What Does It Mean for the Stock?
OCN
Zacks Investment ResearchFebruary 29, 2024

Ocwen (OCN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Ocwen Financial (OCN) Q4 Earnings and Revenues Top Estimates
Ocwen Financial (OCN) Q4 Earnings and Revenues Top Estimates
Ocwen Financial (OCN) Q4 Earnings and Revenues Top Estimates
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Zacks Investment ResearchFebruary 27, 2024

Ocwen Financial (OCN) came out with quarterly earnings of $1.44 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to loss of $3.35 per share a year ago.

Fast-paced Momentum Stock Ocwen (OCN) Is Still Trading at a Bargain
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Zacks Investment ResearchJanuary 5, 2024

Ocwen (OCN) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Why Fast-paced Mover Ocwen (OCN) Is a Great Choice for Value Investors
Why Fast-paced Mover Ocwen (OCN) Is a Great Choice for Value Investors
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Zacks Investment ResearchDecember 14, 2023

Ocwen (OCN) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Ocwen Financial Corporation (OCN) Q3 2023 Earnings Call Transcript
Ocwen Financial Corporation (OCN) Q3 2023 Earnings Call Transcript
Ocwen Financial Corporation (OCN) Q3 2023 Earnings Call Transcript
OCN
Seeking AlphaNovember 7, 2023

Ocwen Financial Corporation (NYSE:OCN ) Q3 2023 Results Conference Call November 7, 2023 8:30 AM ET Company Participants Dico Akseraylian - SVP, Communications Glen Messina - CEO, President and Chair of the Board Sean O'Neil - EVP and CFO Conference Call Participants Bose George - KBW Kyle Joseph - Jefferies Eric Hagen - BTIG Matthew Howlett - B. Riley Operator Good morning, ladies and gentlemen, and welcome to the Ocwen Financial Corporation Third Quarter Earnings and Business Update Conference Call.

What Makes Ocwen (OCN) a New Buy Stock
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Zacks Investment ResearchOctober 6, 2023

Ocwen (OCN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Ocwen Financial (OCN) Tops Q2 Earnings and Revenue Estimates (Revised)
Ocwen Financial (OCN) Tops Q2 Earnings and Revenue Estimates (Revised)
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Zacks Investment ResearchAugust 3, 2023

Ocwen Financial OCN came out with a quarterly earnings of $1.04 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to loss of $0.49 per share a year ago.

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FAQ

  • What is the ticker symbol for Ocwen Financial?
  • Does Ocwen Financial pay dividends?
  • What sector is Ocwen Financial in?
  • What industry is Ocwen Financial in?
  • What country is Ocwen Financial based in?
  • When did Ocwen Financial go public?
  • Is Ocwen Financial in the S&P 500?
  • Is Ocwen Financial in the NASDAQ 100?
  • Is Ocwen Financial in the Dow Jones?
  • When was Ocwen Financial's last earnings report?
  • When does Ocwen Financial report earnings?
  • Should I buy Ocwen Financial stock now?

What is the ticker symbol for Ocwen Financial?

The ticker symbol for Ocwen Financial is NYSE:OCN

Does Ocwen Financial pay dividends?

No, Ocwen Financial does not pay dividends

What sector is Ocwen Financial in?

Ocwen Financial is in the Financial Services sector

What industry is Ocwen Financial in?

Ocwen Financial is in the Mortgage Finance industry

What country is Ocwen Financial based in?

Ocwen Financial is headquartered in United States

When did Ocwen Financial go public?

Ocwen Financial's initial public offering (IPO) was on September 25, 1996

Is Ocwen Financial in the S&P 500?

No, Ocwen Financial is not included in the S&P 500 index

Is Ocwen Financial in the NASDAQ 100?

No, Ocwen Financial is not included in the NASDAQ 100 index

Is Ocwen Financial in the Dow Jones?

No, Ocwen Financial is not included in the Dow Jones index

When was Ocwen Financial's last earnings report?

Ocwen Financial's most recent earnings report was on Aug 2, 2024

When does Ocwen Financial report earnings?

The date for Ocwen Financial's next earnings report has not been announced yet

Should I buy Ocwen Financial stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions