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

Altisource Portfolio Solutions (NASDAQ:ASPS) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of ($0.26) per share for the quarter.

Altisource Portfolio Solutions (NASDAQ:ASPS) last released its quarterly earnings results on Thursday, July 25th. The business services provider reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.04. The firm had revenue of $36.86 million during the quarter, compared to the consensus estimate of $38.32 million.

Altisource Portfolio Solutions Trading Up 0.9 %

Shares of ASPS traded up $0.01 during midday trading on Wednesday, hitting $1.14. 614 shares of the company’s stock traded hands, compared to its average volume of 113,538. Altisource Portfolio Solutions has a 1 year low of $0.99 and a 1 year high of $4.70. The firm’s fifty day moving average is $1.14 and its 200-day moving average is $1.43. The stock has a market capitalization of $30.73 million, a price-to-earnings ratio of -0.52 and a beta of 0.95.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Altisource Portfolio Solutions in a report on Thursday, October 17th. They issued a “sell” rating on the 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 through Servicer and Real Estate, and Origination segments. The Servicer and Real Estate segment offers property preservation, inspection, title insurance and settlement, real estate valuation, foreclosure trustee, and residential and commercial construction inspection and risk mitigation services.