This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Nationstar Reports First Quarter 2014 Financial Results & Strategic Acquisition

Nationstar Mortgage Holdings Inc. (NYSE: NSM) (“Nationstar”), a leading residential mortgage services company, today reported financial results for its first quarter ended March 31, 2014.

For the first quarter 2014, Nationstar reported net income of $24 million, or $0.27 per share, compared to a loss of $51 million, or ($0.56) per share in the fourth quarter 2013.

Pro forma EPS for the first quarter was $0.53, excluding $39 million in one-time expenses. Pro forma EPS for the first quarter was up in comparison to a pro forma EPS loss of ($0.23) in the fourth quarter. Pro forma EPS includes the net MSR mark-to-market impact of ($0.08).

Adjusted EBITDA (“AEBITDA”) for operating segments was $170 million, or $1.89 per share, for the current quarter versus $25 million, or $0.28 per share, in the fourth quarter 2013. In the current quarter AEBITDA margin was 36%.

“Nationstar delivered improved performance across all of our business lines in the first quarter,” said Jay Bray, Chief Executive Officer. “After substantial growth in 2013, our 2014 focus is simple - continue to provide real solutions to homeowners and improve operating profitability and cash flow generation for our shareholders. In addition, we are executing on critical initiatives to drive long-term sustainability and growth. This includes our strategic acquisition of Real Estate Digital ("RED"), a fee-based real estate services company that provides online marketing, data, transaction management and digital media solutions. The acquisition accelerates our plan to offer a fully integrated digital marketplace that provides end-to-end services for every aspect of a real estate transaction. We welcome the RED employees to the Nationstar family.”

Chief Financial Officer David Hisey said, “Our servicing segment continues to increase profitability by generating 7 basis points of operating profitability in the first quarter and is on track towards our 2014 goal of 11 basis points. Reflecting momentum in our fee-based real estate services business, Solutionstar profitability grew at an impressive rate, with revenue increasing 22% and pretax income advancing 21%. In originations, we returned to operating profitability and reduced expenses by 37%. We expect to generate significant investable cash over the course of the year that can be deployed into high return opportunities.”

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.18 1.64%
FB $117.43 -0.96%
GOOG $692.36 -0.84%
TSLA $232.32 -3.92%
YHOO $36.01 -1.42%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs