Nationstar Mortgage Holdings Inc (NSM) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $0.27 earnings per share for the quarter, missing the analyst consensus estimate by $-0.08. Analysts had a consensus of $0.35. The company posted revenue of $263.80 million in the period, compared to analysts expectations of $484.04 million. The company’s revenue was down -31.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.53 EPS.
Many Wall Street Analysts have commented on Nationstar Mortgage Holdings Inc. Shares were Reiterated by FBR Capital on May 3, 2016 to “Mkt Perform” and Lowered the Price Target to $ 10 from a previous price target of $15 .Shares were Reiterated by FBR Capital on Feb 26, 2016 to “Mkt Perform” and Lowered the Price Target to $ 15 from a previous price target of $19 .
Nationstar Mortgage Holdings Inc closed down -0.06 points or -0.52% at $11.53 with 4,88,046 shares getting traded on Monday. Post opening the session at $11.61, the shares hit an intraday low of $11.24 and an intraday high of $11.74 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Nov 12, 2015, Robert H Gidel (director) sold 3,500 shares at $14.89 per share price. According to the SEC, on Mar 18, 2015, Brett Hawkins (director) sold 3,500 shares at $30.10 per share price.
Nationstar Mortgage Holdings Inc. (Nationstar) is a real estate services company engaged in delivery of servicing origination and transaction-based services to single-family residences throughout the United States. Its segments are: Servicing Originations and Solutionstar. The Company provides residential mortgage servicers in the United States conducting operations through its Nationstar Mortgage and Champion Mortgage brands. Solutionstar is the Companys technology and services segment which provides technology and data solutions to homebuyers home sellers real estate agents and companies that engage in the origination and servicing of loans. It caters to homeowners homebuyers and home sellers.