Altisource Portfolio Solutions SA (NASDAQ:ASPS) will issue its quarterly earnings data on Thursday, October 20th. Analysts expect the company to announce earnings of $1.44 per share for the quarter. Altisource Portfolio Solutions SA has set its FY16 guidance at $4.17-7.87 EPS.

Altisource Portfolio Solutions SA (NASDAQ:ASPS) last released its quarterly earnings results on Thursday, July 21st. The company reported $1.58 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by $0.10. Altisource Portfolio Solutions SA had a net margin of 2.90% and a return on equity of 206.80%. The company earned $241.30 million during the quarter, compared to the consensus estimate of $239.10 million. During the same quarter last year, the firm posted $2.22 EPS. The company’s quarterly revenue was down 4.7% on a year-over-year basis. On average, analysts expect Altisource Portfolio Solutions SA to post $6.13 EPS for the current fiscal year and $4.81 EPS for the next fiscal year.

Earnings History for Altisource Portfolio Solutions SA (NASDAQ:ASPS)

Shares of Altisource Portfolio Solutions SA (NASDAQ:ASPS) opened at 29.63 on Tuesday. Altisource Portfolio Solutions SA has a 52-week low of $17.33 and a 52-week high of $37.00. The firm has a 50 day moving average price of $31.98 and a 200-day moving average price of $28.76. The company has a market cap of $543.68 million, a price-to-earnings ratio of 19.52 and a beta of 1.01.

In related news, major shareholder William C. Erbey sold 57,142 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $23.81, for a total value of $1,360,551.02. Following the sale, the insider now owns 800,709 shares in the company, valued at $19,064,881.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder William C. Erbey sold 174,398 shares of the stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $24.14, for a total value of $4,209,967.72. Following the completion of the sale, the insider now owns 709 shares in the company, valued at approximately $17,115.26. The disclosure for this sale can be found here. 6.03% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. BlackRock Advisors LLC increased its stake in shares of Altisource Portfolio Solutions SA by 2.8% in the second quarter. BlackRock Advisors LLC now owns 6,105 shares of the company’s stock worth $170,000 after buying an additional 168 shares during the period. BlackRock Inc. increased its stake in Altisource Portfolio Solutions SA by 386.9% in the second quarter. BlackRock Inc. now owns 6,223 shares of the company’s stock worth $173,000 after buying an additional 4,945 shares during the last quarter. BlackRock Group LTD increased its stake in Altisource Portfolio Solutions SA by 41.3% in the second quarter. BlackRock Group LTD now owns 19,749 shares of the company’s stock worth $550,000 after buying an additional 5,771 shares during the last quarter. Engineers Gate Manager LP increased its stake in Altisource Portfolio Solutions SA by 55.2% in the second quarter. Engineers Gate Manager LP now owns 54,651 shares of the company’s stock worth $1,521,000 after buying an additional 19,443 shares during the last quarter. Finally, Quadrature Capital Ltd increased its stake in Altisource Portfolio Solutions SA by 237.5% in the second quarter. Quadrature Capital Ltd now owns 32,174 shares of the company’s stock worth $896,000 after buying an additional 22,640 shares during the last quarter. Institutional investors own 72.07% of the company’s stock.

ASPS has been the subject of a number of analyst reports. Compass Point raised Altisource Portfolio Solutions SA from a “neutral” rating to a “buy” rating and raised their price target for the stock from $23.00 to $31.00 in a report on Wednesday, August 10th. Zacks Investment Research lowered Altisource Portfolio Solutions SA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 28th.

About Altisource Portfolio Solutions SA

Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company operates through three segments: Mortgage Services, Financial Services and Technology Services. The Company’s Mortgage Services segment provides services that span the mortgage and real estate lifecycle, and are outsourced by loan servicers, loan originators, home investors, and other sellers and buyers of single family homes.

5 Day Chart for NASDAQ:ASPS

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