PHH (NYSE:PHH) will post its quarterly earnings results after the market closes on Tuesday, February 13th. Analysts expect PHH to post earnings of ($0.89) per share for the quarter.
Shares of PHH (NYSE:PHH) opened at $8.46 on Friday. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.84. The firm has a market capitalization of $262.00, a P/E ratio of -1.47 and a beta of 1.74. PHH has a 12-month low of $8.01 and a 12-month high of $15.07.
PHH announced that its board has authorized a stock buyback plan on Tuesday, November 7th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the credit services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.
Several analysts have weighed in on the company. ValuEngine cut PHH from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $12.00 price objective on shares of PHH in a research report on Friday, December 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $13.25.
PHH Company Profile
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.
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