Altisource Portfolio Solutions (ASPS) to Release Earnings on Thursday

Altisource Portfolio Solutions (NASDAQ:ASPS) is set to announce its earnings results 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 announced its earnings results on Thursday, July 25th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.04. The business had revenue of $36.86 million for the quarter, compared to analyst estimates of $38.32 million.

Altisource Portfolio Solutions Trading Up 0.9 %

Shares of ASPS stock traded up $0.01 during trading hours on Wednesday, hitting $1.14. The company’s stock had a trading volume of 614 shares, compared to its average volume of 112,837. The business has a fifty day moving average of $1.14 and a 200-day moving average of $1.43. Altisource Portfolio Solutions has a twelve month low of $0.99 and a twelve month high of $4.70. The stock has a market cap of $30.73 million, a price-to-earnings ratio of -0.52 and a beta of 0.95.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Altisource Portfolio Solutions in a research note on Thursday, October 17th. They set 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.