Somewhat Positive News Coverage Somewhat Unlikely to Affect Altisource Portfolio Solutions (ASPS) Share Price
News headlines about Altisource Portfolio Solutions (NASDAQ:ASPS) have trended somewhat positive on Thursday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Altisource Portfolio Solutions earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 45.7100492332864 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern’s analysis:
- Altisource Portfolio Solutions S.A. (ASPS) Enters into a Cooperative Brokerage Agreement with New Residential Investment (NRZ) (seekingalpha.com)
- New Residential and Altisource in deal for property services (seekingalpha.com)
- New Residential and Altisource Announce Cooperative Brokerage Agreement Relating to Approximately $116 Billion UPB of Mortgage Servicing Rights and Letter of Intent for Other … (businesswire.com)
- ALTISOURCE PORTFOLIO SOLUTIONS S.A. (NASDAQ:ASPS) Files An 8-K Regulation FD Disclosure (4-traders.com)
- Altisource Portfolio Solutions Schedules a Conference Call to Discuss NRZ Agreements (nasdaq.com)
Shares of Altisource Portfolio Solutions (ASPS) traded up 2.52% during midday trading on Thursday, hitting $22.78. 234,630 shares of the stock traded hands. The firm’s 50-day moving average is $22.88 and its 200 day moving average is $25.11. Altisource Portfolio Solutions has a 52 week low of $16.17 and a 52 week high of $46.99. The company has a market capitalization of $411.13 million, a price-to-earnings ratio of 75.43 and a beta of 0.75.
Altisource Portfolio Solutions (NASDAQ:ASPS) last released its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.19. Altisource Portfolio Solutions had a return on equity of 82.95% and a net margin of 0.60%. The company had revenue of $250.69 million during the quarter, compared to the consensus estimate of $239.30 million. During the same quarter in the prior year, the firm posted $1.58 earnings per share. The firm’s revenue was down 2.0% compared to the same quarter last year. Equities analysts forecast that Altisource Portfolio Solutions will post $2.83 earnings per share for the current year.
A number of brokerages recently issued reports on ASPS. TheStreet upgraded shares of Altisource Portfolio Solutions from a “d+” rating to a “c-” rating in a research report on Monday, August 14th. Northland Securities restated a “hold” rating and issued a $23.00 price objective on shares of Altisource Portfolio Solutions in a research report on Friday, August 11th. Zacks Investment Research upgraded shares of Altisource Portfolio Solutions from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Friday, August 11th. BidaskClub cut shares of Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 7th. Finally, ValuEngine upgraded shares of Altisource Portfolio Solutions from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 28th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $21.33.
Altisource Portfolio Solutions Company Profile
Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company’s business processes, vendor and electronic payment management software and behavioral science-based analytics manage outcomes for marketplace participants.
Receive News & Ratings for Altisource Portfolio Solutions S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altisource Portfolio Solutions S.A. and related companies with Analyst Ratings Network's FREE daily email newsletter.