Altisource Portfolio Solutions (ASPS) to Release Quarterly Earnings on Monday

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Altisource Portfolio Solutions (NASDAQ:ASPS) is set to announce its earnings results before the market opens on Monday, May 10th. Analysts expect the company to announce earnings of ($0.69) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its earnings results on Wednesday, March 10th. The business services provider reported ($1.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.67) by ($0.43). Altisource Portfolio Solutions had a negative return on equity of 808.90% and a negative net margin of 82.03%. The company had revenue of $57.74 million during the quarter, compared to analysts’ expectations of $55.47 million. On average, analysts expect Altisource Portfolio Solutions to post $-5 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

ASPS traded down $0.30 during trading hours on Tuesday, reaching $6.09. 397 shares of the company’s stock traded hands, compared to its average volume of 59,446. Altisource Portfolio Solutions has a 52-week low of $6.23 and a 52-week high of $16.82. The firm has a market capitalization of $96.11 million, a PE ratio of -0.27 and a beta of 1.35. The firm has a 50-day moving average price of $8.12 and a 200 day moving average price of $10.96.

ASPS has been the topic of several recent analyst reports. Zacks Investment Research lowered Altisource Portfolio Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, March 11th. B. Riley restated a “buy” rating on shares of Altisource Portfolio Solutions in a research report on Friday, March 5th.

Altisource Portfolio Solutions Company Profile

Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States, India, Luxembourg, Uruguay, and internationally. It provides property preservation and inspection services, payment management technologies, and a vendor management oversight software-as-a-service (SaaS) platform.

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Earnings History for Altisource Portfolio Solutions (NASDAQ:ASPS)

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