Altisource Portfolio Solutions SA (ASPS) Scheduled to Post Earnings on Thursday
Altisource Portfolio Solutions SA (NASDAQ:ASPS) is scheduled to be posting its quarterly earnings results on Thursday, October 20th. Analysts expect Altisource Portfolio Solutions SA to post earnings of $1.44 per share for the quarter. Altisource Portfolio Solutions SA has set its FY16 guidance at $4.17-7.87 EPS.
Altisource Portfolio Solutions SA (NASDAQ:ASPS) last issued its quarterly earnings data on Thursday, July 21st. The company reported $1.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by $0.10. Altisource Portfolio Solutions SA had a return on equity of 206.80% and a net margin of 2.90%. The company had revenue of $241.30 million for the quarter, compared to analyst estimates of $239.10 million. During the same quarter in the prior year, the firm earned $2.22 earnings per share. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, analysts expect Altisource Portfolio Solutions SA to post $6.13 EPS for the current fiscal year and $4.81 EPS for the next fiscal year.
Altisource Portfolio Solutions SA (NASDAQ:ASPS) opened at 30.15 on Wednesday. Altisource Portfolio Solutions SA has a one year low of $17.33 and a one year high of $37.00. The firm has a market capitalization of $553.22 million, a P/E ratio of 19.86 and a beta of 1.01. The firm has a 50-day moving average price of $31.91 and a 200 day moving average price of $28.80.
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Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Altisource Portfolio Solutions SA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Compass Point upgraded shares of Altisource Portfolio Solutions SA from a “neutral” rating to a “buy” rating and raised their price target for the company from $23.00 to $31.00 in a research note on Wednesday, August 10th.
In other news, major shareholder William C. Erbey sold 268,460 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $24.01, for a total value of $6,445,724.60. Following the completion of the transaction, the insider now directly owns 709 shares in the company, valued at $17,023.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Omega Advisors Inc. acquired 172,804 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was bought at an average price of $23.88 per share, with a total value of $4,126,559.52. The disclosure for this purchase can be found here. 6.03% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC bought a new position in Altisource Portfolio Solutions SA during the second quarter valued at about $225,000. Guggenheim Capital LLC boosted its position in Altisource Portfolio Solutions SA by 27.9% in the second quarter. Guggenheim Capital LLC now owns 18,886 shares of the company’s stock valued at $526,000 after buying an additional 4,125 shares during the period. C M Bidwell & Associates Ltd. bought a new position in Altisource Portfolio Solutions SA during the second quarter valued at about $461,000. Parametric Portfolio Associates LLC boosted its position in Altisource Portfolio Solutions SA by 76.8% in the second quarter. Parametric Portfolio Associates LLC now owns 18,699 shares of the company’s stock valued at $521,000 after buying an additional 8,123 shares during the period. Finally, Laurel Wealth Advisors Inc. boosted its position in Altisource Portfolio Solutions SA by 12.6% in the second quarter. Laurel Wealth Advisors Inc. now owns 16,415 shares of the company’s stock valued at $457,000 after buying an additional 1,835 shares during the period. Institutional investors and hedge funds own 72.07% of the company’s stock.
Altisource Portfolio Solutions SA Company Profile
Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company operates through three segments: Mortgage Services, Financial Services and Technology Services. The Company’s Mortgage Services segment provides services that span the mortgage and real estate lifecycle, and are outsourced by loan servicers, loan originators, home investors, and other sellers and buyers of single family homes.
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