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Last $27.53 USD
Change Today -0.08 / -0.29%
Volume 835.9K
PHH On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 05/21/15 All times are local (Market data is delayed by at least 15 minutes).

phh corp (PHH) Key Developments

PHH Corporation Announces Consolidated Financial Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Half of 2015

PHH Corporation announced consolidated financial results for the first quarter ended March 31, 2015. For the quarter ended March 31, 2015, the company reported net income from continuing operations attributable to the company of $21 million or $0.34 per diluted share. Net loss from continuing operations attributable to the company for the quarter ended March 31, 2014, was $58 million or $1.01 per diluted share. Tangible book value per share was $31.64 at March 31, 2015, up 5% from $30.21 at December 31, 2014. Net revenue was $261 million compared to $111 million a year ago. Income from continuing operations before income taxes was $31 million compared to loss of $93 million a year ago. Net income attributable to the company was $21 million or $0.34 per diluted share compared to loss of $42 million or $0.73 per diluted share a year ago. Core loss (pre-tax) was $36 million compared to $52 million a year ago. Core loss (after-tax) was $20 million compared to $34 million a year ago. Core loss per share was $0.38 compared to $0.60 a year ago. Adjusted cash inflow was $8 million compared to adjusted cash outflow of $96 million a year ago. The company anticipates reporting positive core earnings for the second half of 2015, excluding one-time items.

PHH Corporation, Q1 2015 Earnings Call, May 07, 2015

PHH Corporation, Q1 2015 Earnings Call, May 07, 2015

PHH Corporation to Report Q1, 2015 Results on May 06, 2015

PHH Corporation announced that they will report Q1, 2015 results After-Market on May 06, 2015

PHH Corporation, Annual General Meeting, May 21, 2015

PHH Corporation, Annual General Meeting, May 21, 2015., at 10:00 US Eastern Standard Time. Location: offices located at 3000 Leadenhall Road. Agenda: To elect nine directors, each to serve until the 2016 annual meeting of stockholders and until their respective successors are duly elected and qualified, or until their earlier death, retirement or resignation; to ratify the selection of Deloitte & Touche LLP as independent registered public accounting firm for 2015; to conduct an advisory vote to approve the compensation of named executive officers; and to transact such other business as may properly come before the annual meeting or any adjournment or postponement thereof.

PHH Corporation Provides Consolidated Earnings Guidance for the First Half of 2015; Provides Earnings Guidance for the Second Half of 2015

PHH Corporation provided consolidated earnings guidance for the first half of 2015. The company continues to expect to report negative core earnings on a consolidated basis through the first half of 2015. The company provided earnings guidance for the second half of 2015. Assuming market conditions and interest rate levels experienced in the second half of 2014 persist, with the implementation of its reengineering and growth initiatives, the company anticipates reporting positive core earnings for the second half of 2015, excluding onetime items.

 

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Industry Analysis

PHH

Industry Average

Valuation PHH Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.3x
Price/Book 0.9x
Price/Cash Flow 8.3x
TEV/Sales NM Not Meaningful
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