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%.

TRADEMARK VIOLATION NOTICE: “Altisource Residential Corporation (RESI) to Release Quarterly Earnings on Tuesday” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/31/altisource-residential-corporation-resi-to-release-quarterly-earnings-on-tuesday.html.

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.

Earnings History for Altisource Residential Corporation (NYSE:RESI)

Receive News & Ratings for Altisource Residential Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altisource Residential Corporation and related companies with MarketBeat.com's FREE daily email newsletter.