Headlines about PHH (NYSE:PHH) have been trending positive recently, Alpha One reports. The research group, a service of Accern, scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PHH earned a daily sentiment score of 0.34 on Alpha One’s scale. Alpha One also gave headlines about the credit services provider an impact score of 100 out of 100, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the next few days.
PHH (NYSE:PHH) traded up 1.04% during midday trading on Friday, hitting $13.62. 460,104 shares of the stock were exchanged. The firm has a 50 day moving average of $13.02 and a 200-day moving average of $13.79. PHH has a 12-month low of $11.76 and a 12-month high of $16.80. The stock’s market cap is $730.20 million.
PHH (NYSE:PHH) last announced its quarterly earnings data on Tuesday, May 9th. The credit services provider reported ($1.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.68) by $0.56. The company had revenue of $114 million for the quarter, compared to analysts’ expectations of $134.75 million. PHH had a negative return on equity of 5.38% and a negative net margin of 18.28%. The company’s revenue was down 27.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.45) earnings per share. On average, equities analysts expect that PHH will post ($1.57) earnings per share for the current year.
A number of equities research analysts have recently issued reports on PHH shares. Zacks Investment Research raised shares of PHH from a “sell” rating to a “hold” rating in a research note on Tuesday, April 11th. Wedbush raised shares of PHH from a “neutral” rating to an “outperform” rating and reduced their price target for the company from $17.00 to $15.50 in a research note on Friday, March 3rd.
COPYRIGHT VIOLATION NOTICE: “Positive Media Coverage Extremely Likely to Affect PHH (PHH) Share Price” was originally published by Markets Daily and is owned by of Markets Daily. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://www.themarketsdaily.com/2017/05/20/positive-media-coverage-extremely-likely-to-affect-phh-phh-share-price.html.
In other news, major shareholder Silver Point Capital L.P. sold 107,299 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $13.21, for a total transaction of $1,417,419.79. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.14% of the company’s stock.
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.
Receive News & Ratings for PHH Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PHH Co. and related companies with MarketBeat.com's FREE daily email newsletter.