Home Loan Servicing Solutions (HLSS) Announces Quarterly Earnings, Beats Expectations By $0.03 EPS
Home Loan Servicing Solutions (NASDAQ:HLSS) issued its quarterly earnings data on Thursday. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.03, AnalystRatings.Net reports. The company had revenue of $194.25 million for the quarter, compared to the consensus estimate of $188.65 million.
A number of research firms have recently commented on HLSS. Analysts at Zacks downgraded shares of Home Loan Servicing Solutions from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 24th. They now have a $24.70 price target on the stock. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $26.12.
Home Loan Servicing Solutions (NASDAQ:HLSS) opened at 23.05 on Thursday. Home Loan Servicing Solutions has a 52 week low of $19.47 and a 52 week high of $25.59. The stock’s 50-day moving average is $22.71 and its 200-day moving average is $21.82. The company has a market cap of $1.637 billion and a price-to-earnings ratio of 10.63.
Home Loan Servicing Solutions, Ltd is a development-stage company. The Company is formed to acquire mortgage servicing assets, primarily subprime and Alt-A mortgage servicing rights and associated servicing advances.
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