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Last $24.80 USD
Change Today +0.20 / 0.81%
Volume 177.6K
PHH On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

phh corp (PHH) Key Developments

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.

PHH Corporation Seeks Acquisitions

PHH Corporation (NYSE:PHH) is seeking acquisitions. Glen Messina, Chief Executive Officer and President, said related to acquisition target of $80 billion, We do believe we're going to pursue both organic and inorganic growth opportunities to achieve the $80 billion target."

PHH Corporation Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

PHH Corporation reported consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net revenues of $180 million compared to $238 million a year ago. Loss from continuing operations before income taxes was $41 million compared to income from continuing operations before income taxes of $36 million a year ago. Net loss from continuing operations attributable to the company of $32 million compared to net income from continuing operations attributable to the company of $28 million a year ago. Net loss attributable to the company was $33 million compared to net income attributable to the company of $45 million a year ago. Diluted loss per share from continuing operations was $0.62 compared to diluted earnings per share of $0.41 a year ago. Non-GAAP pre-tax core loss was $30 million compared to $11 million a year ago. Non-GAAP Core loss after-tax was $24 million compared to $1 million a year ago. Core loss per share was $0.47 compared to $0.02 a year ago. Adjusted cash flow was negative at $182 million compared to Adjusted cash flow of $104 million a year ago. Tangible book value per share was $30.21 at December 31, 2014, up 7% from $28.15 at December 31, 2013. For the full year, the company reported net revenues of $639 million compared to $1,200 million a year ago. Loss from continuing operations before income taxes was $284 million compared to income from continuing operations before income taxes of $140 million a year ago. Net loss from continuing operations attributable to the company of $191 million compared to net income from continuing operations attributable to the company of $69 million a year ago. Net income attributable to the company was $81 million compared to net income attributable to the company of $135 million a year ago. Diluted loss per share from continuing operations was $3.47 compared to diluted earnings per share of $1.05 a year ago. Non-GAAP pre-tax core loss was $207 million compared to $146 million a year ago. Non-GAAP Core loss after-tax was $140 million compared to $85 million a year ago. Core loss per share was $2.55 compared to $1.47 a year ago. Adjusted cash flow was $758 million compared to $303 million a year ago.

PHH Corporation to Report Q4, 2014 Results on Feb 17, 2015

PHH Corporation announced that they will report Q4, 2014 results After-Market on Feb 17, 2015

PHH Corporation, Q4 2014 Earnings Call, Feb 18, 2015

PHH Corporation, Q4 2014 Earnings Call, Feb 18, 2015

 

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Industry Analysis

PHH

Industry Average

Valuation PHH Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.3x
Price/Book 0.8x
Price/Cash Flow 12.1x
TEV/Sales NM Not Meaningful
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