News headlines about Walter Investment Management Corp (NYSE:WAC) have trended positive recently, according to Alpha One. Alpha One, a service of Accern, rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Walter Investment Management Corp earned a daily sentiment score of 0.31 on Alpha One’s scale. Alpha One also assigned media stories about the financial services provider an impact score of 78 out of 100, indicating that recent press coverage is likely to have an effect on the company’s share price in the near future.
Several equities research analysts recently issued reports on WAC shares. Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $1.00 price objective on shares of Walter Investment Management Corp in a report on Thursday, March 16th. Wells Fargo & Co upgraded Walter Investment Management Corp from an “underperform” rating to a “market perform” rating and set a $1.25 price objective on the stock in a report on Wednesday, May 10th. Finally, Zacks Investment Research upgraded Walter Investment Management Corp from a “hold” rating to a “buy” rating and set a $1.75 price objective on the stock in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $1.50.
Walter Investment Management Corp (NYSE:WAC) traded up 5.37% during midday trading on Friday, reaching $1.57. The company had a trading volume of 697,473 shares. Walter Investment Management Corp has a 1-year low of $0.64 and a 1-year high of $8.11. The stock’s market capitalization is $57.37 million. The firm’s 50 day moving average is $1.22 and its 200 day moving average is $3.40.
Walter Investment Management Corp (NYSE:WAC) last issued its earnings results on Wednesday, May 10th. The financial services provider reported ($0.70) earnings per share for the quarter, topping the consensus estimate of ($0.98) by $0.28. Walter Investment Management Corp had a negative net margin of 70.66% and a negative return on equity of 9.79%. The company had revenue of $245.29 million for the quarter, compared to analyst estimates of $245.60 million. During the same period in the prior year, the business posted ($0.50) earnings per share. The firm’s revenue for the quarter was up 267.4% compared to the same quarter last year. On average, equities analysts anticipate that Walter Investment Management Corp will post ($2.78) EPS for the current fiscal year.
Walter Investment Management Corp Company Profile
Walter Investment Management Corp. is a diversified mortgage banking firm focused primarily on the servicing and origination of residential loans, including reverse loans. The Company operates through three segments: Servicing, Originations and Reverse Mortgage. The Servicing segment consists of operations that perform servicing for third-party credit owners of mortgage loans, as well as its own mortgage loan portfolio.
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