PHH (PHH) Earns Daily Media Impact Score of 0.33

News stories about PHH (NYSE:PHH) have been trending positive this week, AlphaOne reports. The research firm, a division of Accern, rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. PHH earned a news sentiment score of 0.33 on AlphaOne’s scale. AlphaOne also gave news coverage about the credit services provider an impact score of 57 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have impacted AlphaOne Sentiment’s rankings:

Shares of PHH (NYSE:PHH) traded up 1.54% on Friday, reaching $13.19. 1,049,151 shares of the company were exchanged. PHH has a 12-month low of $11.10 and a 12-month high of $16.80. The firm has a 50 day moving average price of $12.66 and a 200-day moving average price of $14.06. The stock’s market capitalization is $706.97 million.

PHH (NYSE:PHH) last issued its quarterly earnings results on Wednesday, February 15th. The credit services provider reported ($1.86) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.54) by $1.32. PHH had a negative return on equity of 5.38% and a negative net margin of 18.28%. The business earned $72 million during the quarter, compared to analyst estimates of $185 million. On average, analysts predict that PHH will post ($2.92) EPS for the current fiscal year.

Several equities research analysts have issued reports on PHH shares. Zacks Investment Research upgraded shares of PHH from a “sell” rating to a “hold” rating in a research report on Tuesday, March 28th. Wedbush restated a “neutral” rating and set a $17.00 price objective (up from $16.00) on shares of PHH in a research report on Sunday, January 8th. Finally, Oppenheimer Holdings Inc. set a $18.00 price objective on shares of PHH and gave the stock a “buy” rating in a research report on Wednesday, January 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. PHH has a consensus rating of “Hold” and a consensus target price of $16.83.

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About PHH

PHH Corporation is a standalone mortgage company. The Company provides outsourced mortgage banking services to a range of clients, including financial institutions and real estate brokers throughout the United States, and is focused on originating, selling, servicing and subservicing residential mortgage loans through its subsidiary, PHH Mortgage Corporation and its subsidiaries.

5 Day Chart for NYSE:PHH

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