The Equities Analysts Offer Predictions for PHH Corp.’s Q3 2016 Earnings (PHH)

The Equities Analysts Offer Predictions for PHH Corp.’s Q3 2016 Earnings (PHH)

PHH Corp. (NYSE:PHH) – Equities researchers at Wedbush issued their Q3 2016 earnings estimates for PHH Corp. in a note issued to investors on Monday. Wedbush analyst H. Coffey anticipates that the brokerage will earn $0.05 per share for the quarter. Wedbush currently has a “Neutral” rating and a $16.00 target price on the stock. Wedbush also issued estimates for PHH Corp.’s Q4 2016 earnings at ($0.01) EPS, Q1 2017 earnings at $0.03 EPS, Q2 2017 earnings at $0.03 EPS, Q3 2017 earnings at $0.07 EPS, Q4 2017 earnings at $0.07 EPS and FY2017 earnings at $0.20 EPS.

Other research analysts also recently issued research reports about the company. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of PHH Corp. in a report on Monday, August 8th. Zacks Investment Research raised PHH Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 19th. Finally, Keefe, Bruyette & Woods downgraded PHH Corp. from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $14.92 to $17.00 in a report on Thursday, August 11th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. PHH Corp. has a consensus rating of “Hold” and a consensus price target of $14.75.

PHH Corp. (NYSE:PHH) opened at 14.79 on Thursday. The firm has a 50-day moving average price of $14.73 and a 200-day moving average price of $13.83. PHH Corp. has a 52 week low of $8.26 and a 52 week high of $18.68. The stock’s market cap is $791.66 million.

PHH Corp. (NYSE:PHH) last issued its earnings results on Monday, August 8th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.38. PHH Corp. had a negative return on equity of 6.33% and a negative net margin of 22.64%. The firm had revenue of $196 million for the quarter, compared to the consensus estimate of $182 million. During the same quarter in the previous year, the company posted ($1.43) earnings per share. The business’s quarterly revenue was down 17.3% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently bought and sold shares of PHH. Teacher Retirement System of Texas increased its stake in shares of PHH Corp. by 2.2% in the second quarter. Teacher Retirement System of Texas now owns 7,514 shares of the company’s stock valued at $100,000 after buying an additional 159 shares during the last quarter. BlackRock Inc. increased its stake in shares of PHH Corp. by 15.7% in the first quarter. BlackRock Inc. now owns 8,149 shares of the company’s stock valued at $102,000 after buying an additional 1,103 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of PHH Corp. during the second quarter valued at approximately $120,000. Fox Run Management L.L.C. acquired a new stake in shares of PHH Corp. during the third quarter valued at approximately $163,000. Finally, BNP Paribas Arbitrage SA increased its stake in shares of PHH Corp. by 75.3% in the second quarter. BNP Paribas Arbitrage SA now owns 16,601 shares of the company’s stock valued at $221,000 after buying an additional 7,131 shares during the last quarter.

PHH Corp. Company Profile

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