Latest news with #VelocityFinancial
Yahoo
07-08-2025
- Business
- Yahoo
Velocity Financial: Q2 Earnings Snapshot
WESTLAKE VILLAGE, Calif. (AP) — WESTLAKE VILLAGE, Calif. (AP) — Velocity Financial, Inc. (VEL) on Thursday reported profit of $26 million in its second quarter. The Westlake Village, California-based company said it had profit of 69 cents per share. Earnings, adjusted for non-recurring costs, came to 73 cents per share. The company posted revenue of $47.6 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on VEL at Sign in to access your portfolio
Globe and Mail
09-07-2025
- Business
- Globe and Mail
Velocity Commercial Capital Securitization Ratings Affirmed and Upgraded by Kroll Bond Rating Agency
Velocity Financial, Inc. (NYSE: VEL), ('Velocity' or the 'Company'), a leader in investor real estate loans, today announced that Kroll Bond Rating Agency ('KBRA') has reviewed the ratings on 26 of the outstanding securitizations issued by its wholly-owned subsidiary, Velocity Commercial Capital, LLC, ('VCC') resulting in 344 rating affirmations and 14 rating upgrades of the underlying tranches. These ratings actions occurred in conjunction with KBRA's completion of a comprehensive surveillance review. KBRA's rating affirmations reflect 'generally stable collateral and structure performance, as evidenced by increased credit support for the rated classes and minimal losses since issuance.' The rating upgrades considered each bond's increased credit support compared to KBRA's updated loss expectations and positive performance trends in the underlying loan pool since issuance. Cumulative loss levels in Velocity's outstanding securitizations ranged from 0.00% to 0.58%, with 13 of 26 VCC outstanding securitizations experiencing no losses since issuance. 'The strong and consistent performance of Velocity's securitizations continues to drive positive ratings momentum,' said Jeff Taylor, Executive Vice President of Capital Markets. 'Velocity prioritizes strong alignment with investors by retaining credit risk in our securitizations. Our differentiated performance stems from our underwriting discipline and proprietary loss mitigation strategies that result in consistently minimal cumulative losses as we grow our portfolio.' About Velocity Financial, Inc. Based in Westlake Village, California, Velocity is a vertically integrated real estate finance company that primarily originates and manages investor loans secured by 1-4 unit residential rental and small commercial properties. Velocity originates loans nationwide across an extensive network of independent mortgage brokers it has built and refined over 21 years. For additional information, please visit the Company's investor relations website at
Yahoo
04-04-2025
- Business
- Yahoo
Rocket Companies (RKT) Moves 10.0% Higher: Will This Strength Last?
Rocket Companies (RKT) shares rallied 10% in the last trading session to close at $13.86. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 6.3% loss over the past four weeks. Shares of RKT have been surging for two consecutive trading sessions, fueled by a major acquisition announcement. On Monday, the company revealed plans to acquire Mr. Cooper Group COOP for $9.4 billion. The news triggered a wave of bullish sentiment among analysts. Deutsche Bank and KBW both upgraded their ratings on the mortgage lender, citing strong growth potential from the Bank's Mark DeVries raised his rating on RKT to Buy from Hold and increased his price target from $14 to $16. Meanwhile, KBW analyst Bose George upgraded the stock to Market Perform from Underperform. Both analysts believe the COOP acquisition will strengthen Rocket Companies' market position and drive long-term growth. This company is expected to post quarterly earnings of $0.05 per share in its upcoming report, which represents a year-over-year change of +25%. Revenues are expected to be $1.25 billion, down 9.6% from the year-ago quarter. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. For Rocket Companies, the consensus EPS estimate for the quarter has been revised 11.3% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on RKT going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Rocket Companies is a member of the Zacks Financial - Mortgage & Related Services industry. One other stock in the same industry, Velocity Financial (VEL), finished the last trading session 0.9% lower at $18.45. VEL has returned -0.7% over the past month. Velocity Financial's consensus EPS estimate for the upcoming report has changed +12.5% over the past month to $0.52. Compared to the company's year-ago EPS, this represents a change of +2%. Velocity Financial currently boasts a Zacks Rank of #1 (Strong Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Rocket Companies, Inc. (RKT) : Free Stock Analysis Report MR. COOPER GROUP INC (COOP) : Free Stock Analysis Report Velocity Financial, Inc. (VEL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
20-02-2025
- Business
- Yahoo
Should You Be Adding Velocity Financial (NYSE:VEL) To Your Watchlist Today?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story even if these companies are loss-making. But the reality is that when a company loses money each year, for long enough, its investors will usually take their share of those losses. Loss-making companies are always racing against time to reach financial sustainability, so investors in these companies may be taking on more risk than they should. In contrast to all that, many investors prefer to focus on companies like Velocity Financial (NYSE:VEL), which has not only revenues, but also profits. Even if this company is fairly valued by the market, investors would agree that generating consistent profits will continue to provide Velocity Financial with the means to add long-term value to shareholders. See our latest analysis for Velocity Financial The market is a voting machine in the short term, but a weighing machine in the long term, so you'd expect share price to follow earnings per share (EPS) outcomes eventually. Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS. Shareholders will be happy to know that Velocity Financial's EPS has grown 20% each year, compound, over three years. If the company can sustain that sort of growth, we'd expect shareholders to come away satisfied. It's often helpful to take a look at earnings before interest and tax (EBIT) margins, as well as revenue growth, to get another take on the quality of the company's growth. Not all of Velocity Financial's revenue this year is revenue from operations, so keep in mind the revenue and margin numbers used in this article might not be the best representation of the underlying business. EBIT margins for Velocity Financial remained fairly unchanged over the last year, however the company should be pleased to report its revenue growth for the period of 35% to US$162m. That's a real positive. The chart below shows how the company's bottom and top lines have progressed over time. To see the actual numbers, click on the chart. In investing, as in life, the future matters more than the past. So why not check out this free interactive visualization of Velocity Financial's forecast profits? It should give investors a sense of security owning shares in a company if insiders also own shares, creating a close alignment their interests. Velocity Financial followers will find comfort in knowing that insiders have a significant amount of capital that aligns their best interests with the wider shareholder group. To be specific, they have US$28m worth of shares. That's a lot of money, and no small incentive to work hard. Even though that's only about 4.6% of the company, it's enough money to indicate alignment between the leaders of the business and ordinary shareholders. You can't deny that Velocity Financial has grown its earnings per share at a very impressive rate. That's attractive. With EPS growth rates like that, it's hardly surprising to see company higher-ups place confidence in the company through continuing to hold a significant investment. Fast growth and confident insiders should be enough to warrant further research, so it would seem that it's a good stock to follow. You should always think about risks though. Case in point, we've spotted 1 warning sign for Velocity Financial you should be aware of. While opting for stocks without growing earnings and absent insider buying can yield results, for investors valuing these key metrics, here is a carefully selected list of companies in the US with promising growth potential and insider confidence. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
