Brokerages expect Altisource Portfolio (NASDAQ:ASPS) to report $218.00 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Altisource Portfolio’s earnings. The lowest sales estimate is $211.00 million and the highest is $225.00 million. Altisource Portfolio posted sales of $250.69 million in the same quarter last year, which indicates a negative year-over-year growth rate of 13%. The firm is scheduled to report its next quarterly earnings results on Wednesday, August 8th.
On average, analysts expect that Altisource Portfolio will report full year sales of $835.45 million for the current fiscal year, with estimates ranging from $805.00 million to $865.90 million. For the next financial year, analysts anticipate that the business will report sales of $723.00 million per share. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Altisource Portfolio.
Altisource Portfolio (NASDAQ:ASPS) last announced its earnings results on Thursday, April 26th. The business services provider reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.03). Altisource Portfolio had a return on equity of 24.48% and a net margin of 34.24%. The business had revenue of $197.44 million for the quarter, compared to analyst estimates of $218.50 million. During the same quarter last year, the company posted $0.69 EPS. Altisource Portfolio’s quarterly revenue was down 17.9% on a year-over-year basis.
A number of equities research analysts recently commented on ASPS shares. BidaskClub upgraded shares of Altisource Portfolio from a “hold” rating to a “buy” rating in a research report on Wednesday, January 24th. Zacks Investment Research upgraded shares of Altisource Portfolio from a “strong sell” rating to a “hold” rating in a research report on Monday, May 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a strong buy rating to the stock. Altisource Portfolio has a consensus rating of “Buy” and an average price target of $22.33.
In other news, major shareholder Deer Park Road Management Comp acquired 19,567 shares of Altisource Portfolio stock in a transaction that occurred on Friday, April 27th. The stock was purchased at an average price of $25.95 per share, for a total transaction of $507,763.65. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders purchased 232,442 shares of company stock valued at $6,052,952. 7.83% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of ASPS. Wells Fargo & Company MN increased its holdings in Altisource Portfolio by 45.1% in the third quarter. Wells Fargo & Company MN now owns 15,181 shares of the business services provider’s stock valued at $393,000 after buying an additional 4,718 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Altisource Portfolio by 18.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 141,675 shares of the business services provider’s stock valued at $3,666,000 after buying an additional 21,890 shares in the last quarter. California Public Employees Retirement System increased its holdings in Altisource Portfolio by 10.8% in the third quarter. California Public Employees Retirement System now owns 71,236 shares of the business services provider’s stock valued at $1,843,000 after buying an additional 6,936 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Altisource Portfolio by 40.1% in the fourth quarter. Renaissance Technologies LLC now owns 305,000 shares of the business services provider’s stock valued at $8,540,000 after buying an additional 87,300 shares in the last quarter. Finally, Deer Park Road Corp purchased a new position in Altisource Portfolio in the fourth quarter valued at about $58,478,000. 66.61% of the stock is owned by institutional investors.
NASDAQ:ASPS traded up $0.30 during mid-day trading on Monday, reaching $29.29. The stock had a trading volume of 76,432 shares, compared to its average volume of 170,625. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 1.26. The company has a market cap of $498.76 million, a P/E ratio of 10.46, a PEG ratio of 2.79 and a beta of 1.01. Altisource Portfolio has a twelve month low of $19.28 and a twelve month high of $31.49.
About Altisource Portfolio
Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States. 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, residential and commercial loan servicing technology, vendor management, marketplace transaction and payment management technology, document management platform, default services technology, and mortgage charge-off collection services.
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