Analysts expect Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) to report sales of $127.15 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Altisource Portfolio Solutions’ earnings, with estimates ranging from $122.30 million to $132.00 million. Altisource Portfolio Solutions reported sales of $165.00 million in the same quarter last year, which indicates a negative year over year growth rate of 22.9%. The company is expected to report its next earnings report on Thursday, April 23rd.
According to Zacks, analysts expect that Altisource Portfolio Solutions will report full-year sales of $448.05 million for the current year, with estimates ranging from $397.00 million to $499.10 million. For the next financial year, analysts expect that the firm will report sales of $402.58 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Altisource Portfolio Solutions.
Altisource Portfolio Solutions (NASDAQ:ASPS) last issued its quarterly earnings data on Thursday, March 5th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.21). Altisource Portfolio Solutions had a negative net margin of 47.84% and a negative return on equity of 145.18%. The company had revenue of $140.70 million during the quarter, compared to analysts’ expectations of $126.48 million. During the same quarter in the prior year, the company earned $0.59 earnings per share. The firm’s revenue was down 35.3% compared to the same quarter last year.
Several analysts have recently issued reports on ASPS shares. ValuEngine upgraded Altisource Portfolio Solutions from a “hold” rating to a “buy” rating in a research report on Friday, March 13th. BidaskClub lowered Altisource Portfolio Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, March 4th. B. Riley reiterated a “buy” rating and issued a $30.00 target price on shares of Altisource Portfolio Solutions in a research note on Tuesday, March 3rd. Finally, TheStreet lowered Altisource Portfolio Solutions from a “c-” rating to a “d+” rating in a research note on Thursday, March 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $28.00.
Shares of NASDAQ:ASPS opened at $7.95 on Friday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 1.00. Altisource Portfolio Solutions has a 52-week low of $6.35 and a 52-week high of $25.56. The stock’s fifty day simple moving average is $14.52 and its 200-day simple moving average is $18.27. The company has a market capitalization of $110.34 million, a P/E ratio of -0.40 and a beta of 1.07.
In other Altisource Portfolio Solutions news, major shareholder Deer Park Road Management Comp bought 266,785 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was purchased at an average cost of $8.71 per share, for a total transaction of $2,323,697.35. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased 458,226 shares of company stock valued at $3,828,561 over the last quarter. Insiders own 26.44% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd acquired a new position in Altisource Portfolio Solutions in the fourth quarter valued at $33,000. Tower Research Capital LLC TRC acquired a new position in Altisource Portfolio Solutions in the third quarter valued at $45,000. Barclays PLC increased its stake in Altisource Portfolio Solutions by 67.3% in the fourth quarter. Barclays PLC now owns 5,772 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 2,321 shares during the last quarter. Schroder Investment Management Group increased its stake in Altisource Portfolio Solutions by 30.0% during the fourth quarter. Schroder Investment Management Group now owns 6,798 shares of the business services provider’s stock worth $131,000 after acquiring an additional 1,568 shares during the last quarter. Finally, UBS Group AG increased its stake in Altisource Portfolio Solutions by 35.4% during the fourth quarter. UBS Group AG now owns 7,012 shares of the business services provider’s stock worth $135,000 after acquiring an additional 1,834 shares during the last quarter. Hedge funds and other institutional investors own 56.00% of the company’s stock.
About Altisource Portfolio Solutions
Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States and internationally. It operates in two segments, Mortgage Market and Real Estate Market. The company offers property preservation and inspection, real estate brokerage and auction, title insurance and settlement, appraisal management, broker and non-broker valuation, foreclosure trustee, mortgage charge-off collection, residential and commercial loan disbursement processing, and residential and commercial construction inspection and risk mitigation services, as well as valuation data; residential and commercial loan servicing, vendor management, marketplace transaction and payment management, and default services technologies; and document management platform.
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