Altisource Residential Corporation (RESI) to Release Quarterly Earnings on Tuesday
Altisource Residential Corporation (NYSE:RESI) will announce its earnings results before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of ($0.34) per share for the quarter.
Altisource Residential Corporation (NYSE:RESI) last released its earnings results on Tuesday, August 8th. The real estate investment trust reported ($1.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.74) by ($0.30). The firm had revenue of $30.10 million during the quarter, compared to analyst estimates of $32.55 million. Altisource Residential Corporation had a negative net margin of 378.17% and a negative return on equity of 21.82%. The firm’s quarterly revenue was up 250.0% on a year-over-year basis. During the same period last year, the business posted ($1.16) earnings per share. On average, analysts expect Altisource Residential Corporation to post $-2.87 EPS for the current fiscal year and $-0.94 EPS for the next fiscal year.
Shares of Altisource Residential Corporation (RESI) opened at 10.63 on Tuesday. The stock has a 50 day moving average price of $11.02 and a 200 day moving average price of $12.72. Altisource Residential Corporation has a 1-year low of $9.86 and a 1-year high of $15.66. The firm’s market capitalization is $567.21 million.
The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.60 annualized dividend and a dividend yield of 5.64%. Altisource Residential Corporation’s dividend payout ratio (DPR) is presently -14.42%.
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Several research analysts have recently issued reports on RESI shares. Zacks Investment Research downgraded shares of Altisource Residential Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. BidaskClub downgraded shares of Altisource Residential Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, September 2nd. Finally, Northland Securities reiterated a “buy” rating and set a $17.00 price target on shares of Altisource Residential Corporation in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Altisource Residential Corporation has an average rating of “Hold” and a consensus price target of $15.38.
About Altisource Residential Corporation
Altisource Residential Corporation is a real estate investment trust (REIT). The Company focuses on acquiring, owning and managing single-family rental (SFR) properties throughout the United States. The Company conducts its activities through its subsidiary, Altisource Residential, L.P., and its subsidiaries.
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