Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Expected to Post Earnings of -$0.46 Per Share

Brokerages forecast that Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) will announce ($0.46) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Altisource Portfolio Solutions’ earnings, with estimates ranging from ($0.52) to ($0.39). Altisource Portfolio Solutions reported earnings of ($0.24) per share in the same quarter last year, which suggests a negative year over year growth rate of 91.7%. The firm is scheduled to announce its next earnings report on Thursday, November 4th.

On average, analysts expect that Altisource Portfolio Solutions will report full year earnings of ($2.61) per share for the current financial year. For the next year, analysts expect that the business will report earnings of ($0.01) per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Altisource Portfolio Solutions.

Altisource Portfolio Solutions (NASDAQ:ASPS) last issued its earnings results on Wednesday, July 28th. The business services provider reported ($0.69) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.83) by $0.14. The company had revenue of $43.97 million during the quarter, compared to the consensus estimate of $51.08 million.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Altisource Portfolio Solutions from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Tuesday. B. Riley upped their price target on shares of Altisource Portfolio Solutions from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, October 8th.

A number of large investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. lifted its position in Altisource Portfolio Solutions by 30.2% during the second quarter. Meeder Asset Management Inc. now owns 8,001 shares of the business services provider’s stock valued at $71,000 after acquiring an additional 1,856 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in Altisource Portfolio Solutions by 6.6% during the first quarter. D. E. Shaw & Co. Inc. now owns 35,516 shares of the business services provider’s stock valued at $326,000 after acquiring an additional 2,195 shares during the last quarter. Barclays PLC lifted its position in Altisource Portfolio Solutions by 158.8% during the first quarter. Barclays PLC now owns 3,828 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 2,349 shares during the last quarter. Royal Bank of Canada lifted its position in Altisource Portfolio Solutions by 854.3% during the second quarter. Royal Bank of Canada now owns 3,464 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 3,101 shares during the last quarter. Finally, BlackRock Inc. lifted its position in Altisource Portfolio Solutions by 1.7% during the first quarter. BlackRock Inc. now owns 444,855 shares of the business services provider’s stock valued at $4,088,000 after acquiring an additional 7,422 shares during the last quarter. 37.95% of the stock is owned by institutional investors.

Shares of ASPS opened at $14.35 on Monday. The company has a 50 day moving average price of $10.23 and a 200-day moving average price of $8.55. Altisource Portfolio Solutions has a fifty-two week low of $5.61 and a fifty-two week high of $14.76.

About Altisource Portfolio Solutions

Altisource Portfolio Solutions SA engages in the provision of services and technology for the mortgage and real estate industries. The firm offers field services such as property preservation and inspection services and vendor management oversight software-as-a-service (SaaS) platform. It also provides marketplace platforms including Hubzu, online real estate auction platform; and Equator, a SaaS-based technology to manage real estate owned, short sales, foreclosure, bankruptcy, and eviction processes.

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