This Day On The Street
Continue to site
ADVERTISEMENT
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

Why Walter Investment Management (WAC) Stock Is Falling Today

NEW YORK (TheStreet) -- Shares of Walter Investment Management Corp. (WAC - Get Report) are dropping -4.74% to $26.93 on Monday morning after the company reported a net loss of -$12.9 million, or -34 cents per diluted share for the 2014 second quarter, compared to net income of $143.2 million, or $3.75 per diluted share for the year ago period.

The business services provider in the mortgage industry said that adjusted net income for the most recent quarter was $45 million, or $1.19 per diluted share, compared to $88.6 million, or $2.36 for the 2013 second quarter.

"The noted performance differences in the second quarter of 2014 as compared to the second quarter of 2013  were primarily driven by strong operating results in the originations segment in the second quarter of 2013 due to HARP related retention volumes and margins," the company said.

EXCLUSIVE OFFER: See inside Jim Cramer’s multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE. 

Walter Investment’s total revenue declined by 31% to $413.7 million, from $569.2 million.

Analysts polled by Thomson Reuters expected the company to post earnings of $1.22 per share on $381 million in revenue.

Separately, TheStreet Ratings team rates WALTER INVESTMENT MGMT CORP as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

"We rate WALTER INVESTMENT MGMT CORP (WAC) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."

You can view the full analysis from the report here: WAC Ratings Report

WAC Chart WAC data by YCharts

EXCLUSIVE OFFER: See inside Jim Cramer’s multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE. 

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
WAC $20.36 5.38%
AAPL $122.99 -0.32%
FB $96.99 1.78%
GOOG $631.93 0.63%
TSLA $263.82 -0.38%

Markets

Chart of I:DJI
DOW 17,751.39 +121.12 0.69%
S&P 500 2,108.57 +15.32 0.73%
NASDAQ 5,111.7330 +22.5270 0.44%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs