OCN Company Profile and Key Details

Q: Who are the executives of OCN?

Mr. Stephen C. SwettInvestor Relations OfficerMr. Michael K. ShortVice President of Bus. Devel. and Investor RelationsMs. Jenna D EvansExecutive Vice President, Chief Risk & Compliance OfficerMr. Joseph J. SamariasChief Ethics Officer, Chief Legal Officer, Executive Vice President & Company Sec.Mr. Sean Bradley O'NeilExecutive Vice President & Chief Financial OfficerMs. Jenna D. EvansExecutive Vice President, Chief Risk & Compliance OfficerMr. John V. BrittiExecutive Vice President & Chief Investment OfficerMr. Glen A. MessinaChief Executive Officer, Pres & Chair of the BoardMr. Aaron D. WadeExecutive Vice President & Chief Investment OfficerMr. Dennis ZelenyExecutive Vice President & Chief Admin. OfficerMr. George T. HenleyExecutive Vice President & Chief Growth OfficerMr. Scott William AndersonExecutive Vice President & Chief Servicing OfficerMr. Francois GrunenwaldSenior Vice President & Chief Accounting Officer

NYSE : OCN

Ocwen Financial

$25.08

-0.19-0.75%

At Close 4:00 PM

Not Actively Trading

76.01

BESG ScoreESG Rating

Profile Key Stats Analyst Ratings Ownership Ratios Financials Dividend & splits Sentiment Forecast

Price Chart

Stock Price Today

Ocwen Financial Corporation (OCN) stock declined over -0.75%, trading at $25.08 on NYSE, down from the previous close of $25.27. The stock opened at $24.90, fluctuating between $24.47 and $25.30 in the recent session.

Stock Snapshot

25.27

Prev. Close

195.87M

Market Cap

24.4704

Day Low

33.891891891891895

P/E Ratio

0.74

EPS (TTM)

-3.4

Cash Flow per Share

24.9

Open

7.81M

Number of Shares

25.3

Day High

74.47%

Free Float in %

52.29

Book Value

10.23K

Volume

Relevant Articles

SEC Fillings

Current Report (8-k)

Filing Date	Accepted Date

Annual Report (10-k)

Filing Date	Accepted Date

Stock Price History Chart

Date	Open	High	Low	Close	Volume
Jul 05, 2024	23.30	23.49	22.56	22.60	22.63K
Jul 03, 2024	23.87	23.87	23.48	23.48	1.74K
Jul 02, 2024	23.74	23.82	23.00	23.61	8.37K
Jul 01, 2024	23.34	23.75	22.57	23.34	18.16K
Jun 28, 2024	23.98	24.00	23.20	23.98	69.8K
Jun 27, 2024	23.00	24.83	23.00	23.61	9.02K
Jun 26, 2024	22.95	23.37	22.48	22.48	9.99K
Jun 25, 2024	23.50	23.50	22.74	22.74	6.34K
Jun 24, 2024	22.60	23.38	22.50	23.08	13.29K
Jun 21, 2024	23.17	23.77	22.75	23.05	23.09K
Jun 20, 2024	23.40	23.40	23.01	23.19	6.52K
Jun 18, 2024	24.22	24.27	23.51	23.51	12.45K
Jun 17, 2024	24.14	24.21	23.69	24.21	6.09K
Jun 14, 2024	24.15	24.15	23.52	23.78	8.77K
Jun 13, 2024	23.96	24.10	23.24	23.69	4.8K
Jun 12, 2024	23.89	24.95	23.49	24.17	14.36K
Jun 11, 2024	23.58	23.95	22.51	23.10	14.02K
Jun 10, 2024	24.16	24.44	23.95	24.35	9.91K
Jun 07, 2024	24.90	25.35	24.47	25.08	9.56K
Jun 06, 2024	24.81	25.27	24.81	25.27	3.69K

Contact Details

West Palm Beach, FL 33409

United States

https://www.ocwen.com 561 682 8000

About Company

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 Originations segments. It provides commercial mortgage loan servicing, special servicing, and asset management services, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage 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. Ocwen Financial Corporation serves primarily under the PHH Mortgage and Liberty Reverse Mortgage brands. The company was founded in 1988 and is headquartered in West Palm Beach, Florida.

Stock Peers

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Guild Holdings Company$20.01 VEL

0.76+3.97%

Velocity Financial, Inc.$19.90 RKT

0.87+5.52%

Rocket Companies, Inc.$16.63 GHI

0.03+0.57%

Greystone Housing Impact Investors LP$5.29 UWMC

0.17+4.53%

UWM Holdings Corporation$3.92 CNF

-0.2548-7.37%

CNFinance Holdings Limited$3.20 LDI

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loanDepot, Inc.$1.79

Company Overview

Ocwen Financial Corporation (NYSE:OCN) closed at $25.08 USD, losing -$0.19 (-0.75%) from the previous close of $25.27. The stock is currently mid-range between its 52-week high and low $21.15 and $35.79. With a market capitalization of about $195.87 million, Ocwen Financial Corporation is classified as a micro-cap and shows higher-than-market volatility (beta ~1.93). Key stats such as the average daily volume over the past year has been around 12.56 thousand shares, in line with its 52-week average. Headquartered in West Palm Beach, FL, Ocwen Financial Corporation operates in the Financial Services sector and the Financial - Mortgages industry. Led by CEO Glen A. Messina, the company employs approximately 4,400 people and listed since September 25, 1996. 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.

Technical Performance

OCN has shown weak momentum, losing -0.28% over the past week and -5.79% over the past quarter, though year-to-date performance is down -18.6%. Short-term trend indicators are mixed aligned (SMA20 -4.35%, SMA50 -2.62%, SMA200 -7.47%). The stock’s 14-day RSI is 45.4 (neutral), while the ATR of 1.05 points to higher daily volatility. The stock remains sitting in the mid-range of its 52-week band, trading -31.52% below its high and over 15.89% above its low.

Valuation Metrics

Ocwen Financial Corporation trades at a P/E ratio of 1.1, slightly below the S&P 500 average, with a price-to-sales ratio of 0.18 and a price-to-book ratio of 0.3 suggesting the stock is closer to book value. The P/FCF stands at -0.26, also below market averages.

Dividend & Fair Value

Dividend and splits history remains an important factor for investors monitoring long-term returns.

Earnings & Analyst Outlook

Ocwen Financial Corporation generated EPS of $0.57 over the past year. Five-year average earnings growth is -0.99%. Wall Street analysts project EPS growth of 21.0% annually over the next five years. The latest quarter delivered EPS of $2.90. The next quarter is forecast at $1.38. Next year's EPS is expected at $542.38. Ocwen Financial Corporation earnings surprise history is a mixed track record. The quarter that ended August 01, 2024, missed forecasts by 101.39%. The prior quarter beat by 43.8%. Over the last six quarters, Apple has recorded several small beats. These include -58.97% in May 04, 2023.

Shareholding & Insider Activity

Ocwen Financial Corporation has 7.81 million shares outstanding. The public float is 5.82 million shares, elevated short interest at 0.57% of float. This equals 41.60 thousand shares. The short ratio is 2.81 days. Institutional investors hold 65.15% of the float. Insiders own 20.95%. Deer Park Road Management Company, LP holds 12.96 million shares, Devaney John has 12.77 million shares and Lipstein Robert J has 333.05 thousand shares.

Financial & Profitability Overview

Over the trailing twelve months, Ocwen Financial generated $1.04B in revenue, or $136.47 per share. Gross margin was 93.34%, operating margin 37.66%, and net profit margin -6.11%. Returns are negative, with ROA at -0.51% and ROE at -15.85%.
On valuation metrics, Ocwen Financial trades at a P/E of 1.10, P/S of 0.18 and P/B of 0.30. Operationally, the company’s inventory turnover is 0.00 and cash conversion cycle is 64.95 days.

Quarterly Financial Highlights

For the quarter ended Dec 31, 2023, Ocwen Financial posted revenue of $1.04B, down slightly from $999.50M in the prior quarter. Gross profit was $972.60M (margin 93.34%). Operating income was $392.40M (margin 37.7%). Net income was- $63.70M (EPS - $8.34).
The company ended the quarter with $255.10M in cash and short-term investments, a total debt of $11.43B, and net debt of $11.17B. Total assets were $12.51B, with equity of $401.80M. Financials further reflected weakness, with operating cash flow of - $61.30M, free cash flow of - $236.40M, and capital expenditures of - $175.10M.

Price Forecast & Outlook

Our AI price prediction model suggests that Ocwen Financial Corporation stock has strong potential for upside but may face short-term weakness followed by gains in the medium and long term. 2-Week Outlook: Projected decline of -3.36%, with price expected at $21.84 by July 19, 2024, within a range of $21.27 to $22.49 3-Month Outlook: Projected fall of -64.25%, reaching $8.08 by October 03, 2024, with a range of $7.24 to $8.66. 1-Year Outlook: Projected loss of -18.81%, with price at $18.35 by July 04, 2025, within a range of $16.64 to $19.91.

Key Takeaways

Ocwen Financial Corporation (NYSE:OCN) shares are down -18.6% year-to-date currently trading near 52-week highs band. Short-term momentum has been negative over the last quarter, despite recent volatility. Valuation shows Ocwen Financial Corporation trading at a premium to the broader market with a P/E of 1.1. Analyst sentiment is cautious, with the majority of ratings in Market Perform territory and a mean price target of $18.81, suggesting -16.77% downside. Our AI forecast model points to short-term weakness (-3.36% over two weeks), a medium-term fall (-64.25% over three months), and a longer-term loss (-18.81% over one year), with expected trading ranges indicating moderate volatility.

Frequently Asked Questions

What is the current Ocwen Financial Corporation (OCN) stock price?

Ocwen Financial Corporation (NYSE: OCN) stock price is $25.08 in the last trading session. During the trading session, OCN stock reached the peak price of $25.30 while $24.47 was the lowest point it dropped to. The percentage change in OCN stock occurred in the recent session was -0.75% while the dollar amount for the price change in OCN stock was - $0.19.

OCN's industry and sector of operation?

The NYSE listed OCN is part of Financial - Mortgages industry that operates in the broader Financial Services sector. Ocwen Financial Corporation designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.

Who are the executives of OCN?

Mr. Stephen C. Swett
Investor Relations Officer
Mr. Michael K. Short
Vice President of Bus. Devel. and Investor Relations
Ms. Jenna D Evans
Executive Vice President, Chief Risk & Compliance Officer
Mr. Joseph J. Samarias
Chief Ethics Officer, Chief Legal Officer, Executive Vice President & Company Sec.
Mr. Sean Bradley O'Neil
Executive Vice President & Chief Financial Officer
Ms. Jenna D. Evans
Executive Vice President, Chief Risk & Compliance Officer
Mr. John V. Britti
Executive Vice President & Chief Investment Officer
Mr. Glen A. Messina
Chief Executive Officer, Pres & Chair of the Board
Mr. Aaron D. Wade
Executive Vice President & Chief Investment Officer
Mr. Dennis Zeleny
Executive Vice President & Chief Admin. Officer
Mr. George T. Henley
Executive Vice President & Chief Growth Officer
Mr. Scott William Anderson
Executive Vice President & Chief Servicing Officer
Mr. Francois Grunenwald
Senior Vice President & Chief Accounting Officer

How OCN did perform over past 52-week?

OCN's closing price is 18.58% higher than its 52-week low of $21.15 where as its distance from 52-week high of $35.79 is -29.93%.

How many employees does OCN have?

Number of OCN employees currently stands at 4,400.

Link for OCN official website?

Official Website of OCN is: https://www.ocwen.com

How do I contact OCN?

OCN could be contacted at phone 561 682 8000 and can also be accessed through its website. OCN operates from 1661 Worthington Road, West Palm Beach, FL 33409, United States.

How many shares of OCN are traded daily?

OCN stock volume for the day was 10.23K shares. The average number of OCN shares traded daily for last 3 months was 12.56K.

What is the market cap of OCN currently?

The market value of OCN currently stands at $195.87M with its latest stock price at $25.08 and 7.81M of its shares outstanding.

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Employees	4400
Beta	1.93
Sales or Revenue	$1.04B
5Y Sales Change%	0.24%
Fiscal Year Ends	December
Sector	Financial Services
Industry	Financial - Mortgages

OCN Company Profile and Key Details

Ocwen Financial

Price Chart

Stock Price Today

Stock Snapshot

Relevant Articles

SEC Fillings

Current Report (8-k)

Annual Report (10-k)

Stock Price History Chart

Contact Details

About Company

Company Information

Stock Peers

Company Overview

Technical Performance

Valuation Metrics

Dividend & Fair Value

Earnings & Analyst Outlook

Shareholding & Insider Activity

Financial & Profitability Overview

Quarterly Financial Highlights

Price Forecast & Outlook

Key Takeaways

Frequently Asked Questions

Earnings & Analyst Outlook

Technical Performance

Shareholding & Insider Activity

Dividend & Fair Value

Company Overview

Financial & Profitability Overview

Quarterly Financial Highlights

Price Forecast & Outlook

Key Takeaways

Valuation Metrics