Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) announced its quarterly earnings results on Thursday. The business services provider reported $0.73 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73, MarketWatch Earnings reports. The firm had revenue of $235.00 million for the quarter, compared to analyst estimates of $215.40 million. Altisource Portfolio Solutions had a net margin of 0.60% and a return on equity of 82.95%. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 EPS.
Shares of Altisource Portfolio Solutions (ASPS) traded up 2.28% during midday trading on Thursday, reaching $25.61. 215,028 shares of the company’s stock traded hands. Altisource Portfolio Solutions has a 52-week low of $16.17 and a 52-week high of $46.99. The stock has a 50 day moving average of $25.51 and a 200-day moving average of $23.89. The stock has a market cap of $462.21 million, a price-to-earnings ratio of 84.80 and a beta of 0.78.
Several equities research analysts have issued reports on ASPS shares. BidaskClub lowered shares of Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Zacks Investment Research lowered shares of Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. ValuEngine raised shares of Altisource Portfolio Solutions from a “buy” rating to a “strong-buy” rating in a report on Friday, July 28th. Compass Point raised shares of Altisource Portfolio Solutions from a “sell” rating to a “neutral” rating and boosted their price target for the company from $7.00 to $15.00 in a report on Tuesday, July 25th. Finally, TheStreet raised shares of Altisource Portfolio Solutions from a “d+” rating to a “c-” rating in a report on Monday, August 14th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $21.33.
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In related news, Director Orin S. Kramer purchased 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were bought at an average price of $22.34 per share, for a total transaction of $558,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.75% of the stock is currently owned by company insiders.
About Altisource Portfolio Solutions
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.
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